0001225208-21-009245.txt : 20210610 0001225208-21-009245.hdr.sgml : 20210610 20210610182534 ACCESSION NUMBER: 0001225208-21-009245 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210608 FILED AS OF DATE: 20210610 DATE AS OF CHANGE: 20210610 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SORSBY J LARRY CENTRAL INDEX KEY: 0001211054 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-32447 FILM NUMBER: 211009331 MAIL ADDRESS: STREET 1: 90 MATAWAN ROAD, FIFTH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HOVNANIAN ENTERPRISES INC CENTRAL INDEX KEY: 0000357294 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 221851059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 BUSINESS ADDRESS: STREET 1: 90 MATAWAN ROAD, 5TH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 BUSINESS PHONE: 7327477800 MAIL ADDRESS: STREET 1: 90 MATAWAN ROAD, 5TH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 4 1 doc4.xml X0306 4 2021-06-08 0000357294 HOVNANIAN ENTERPRISES INC HOV 0001211054 SORSBY J LARRY 90 MATAWAN ROAD, FIFTH FLOOR MATAWAN NJ 07747 1 1 Exec. VP and CFO Class A Common Stock 2021-06-08 4 M 0 1700.0000 0.0000 A 37537.0000 D Class A Common Stock 2021-06-08 4 M 0 1700.0000 0.0000 A 39237.0000 D Class A Common Stock 2021-06-08 4 F 0 1339.0000 108.0300 D 37898.0000 D Market Share Units 2021-06-08 4 M 0 850.0000 0.0000 D 2023-06-08 Class A Common Stock 850.0000 1700.0000 D Market Share Units (Performance) 2021-06-08 4 M 0 850.0000 0.0000 D 2023-06-08 Class A Common Stock 850.0000 1700.0000 D On June 8, 2021, 850 Market Share Units vested and converted into 1,700 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), pursuant to the terms of the award granted on June 8, 2018 On June 8, 2021, 850 Market Share Units vested and converted into 1,700 shares of Class A Common Stock pursuant to the terms of the award granted on June 8, 2018 that was subject to additional performance criteria that was determined to have been satisfied on December 15, 2020 Converts to Class A Common Stock on a one-for-one basis Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019 The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 8, 2020 On June 8, 2021, 850 Market Share Units vested and converted into 1,700 shares of Class A Common Stock pursuant to the terms of the award granted on June 8, 2018. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019. The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period. This amount also reflects the forfeiture of Market Share Units, without any vesting, that occurred in previous years pursuant to the terms of the award. The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2021, June 8, 2021, June 8, 2022 and June 8, 2023 The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period Nancy A. Marrazzo Attorney-in-Fact 2021-06-10