0001225208-21-009322.txt : 20210611
0001225208-21-009322.hdr.sgml : 20210611
20210611190622
ACCESSION NUMBER: 0001225208-21-009322
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210609
FILED AS OF DATE: 20210611
DATE AS OF CHANGE: 20210611
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: 211012807
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
2021-06-09
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
2021-06-09
4
M
0
1488.0000
0.0000
A
39386.0000
D
Class A Common Stock
2021-06-09
4
M
0
744.0000
0.0000
A
40130.0000
D
Class A Common Stock
2021-06-09
4
F
0
879.0000
97.3700
D
39251.0000
D
Class A Common Stock
2021-06-10
4
M
0
1050.0000
0.0000
A
40301.0000
D
Class A Common Stock
2021-06-10
4
M
0
1050.0000
0.0000
A
41351.0000
D
Class A Common Stock
2021-06-10
4
F
0
828.0000
93.5000
D
40523.0000
D
Market Share Units
2021-06-09
4
M
0
850.0000
0.0000
D
2022-06-09
Class A Common Stock
850.0000
850.0000
D
Market Share Units (Performance)
2021-06-09
4
M
0
425.0000
0.0000
D
2022-06-09
Class A Common Stock
425.0000
425.0000
D
Market Share Units
2021-06-10
4
M
0
600.0000
0.0000
D
2021-06-10
Class A Common Stock
600.0000
0.0000
D
Market Share Units (Performance)
2021-06-10
4
M
0
600.0000
0.0000
D
2021-06-10
Class A Common Stock
600.0000
0.0000
D
On June 9, 2021, 850 Market Share Units vested and converted into 1,488 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 9, 2017
On June 9, 2021, 425 Market Share Units vested and converted into 744 shares of Class A Common Stock pursuant to the terms of the award granted on June 9, 2017 that was subject to additional performance criteria that was determined to have been satisfied on December 16, 2019
On June 10, 2021, 600 Market Share Units vested and converted into 1,050 shares of Class A Common Stock pursuant to the terms of the award granted on June 10, 2016
On June 10, 2021, 600 Market Share Units vested and converted into 1,050 shares of Class A Common Stock pursuant to the terms of the award granted on June 10, 2016 that was subject to additional performance criteria that was determined to have been satisfied on December 14, 2018
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 9, 2019
On June 9, 2021, 850 Market Share Units vested and converted into 1,488 shares of Class A Common Stock pursuant to the terms of the award granted on June 9, 2017. 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 175% 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 the 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, 2020, June 9, 2020, June 9, 2021 and June 9, 2022
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 10, 2018
On June 10, 2021, 600 Market Share Units vested and converted into 1,050 shares of Class A Common Stock pursuant to the terms of the award granted on June 10, 2016. 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 on the following vesting dates: January 1, 2019, June 10, 2019, June 10, 2020 and June 10, 2021
On June 10, 2021, 600 Market Share Units vested and converted into 1,050 shares of Class A Common Stock pursuant to the terms of the award granted on June 10, 2016 that was subject to additional performance criteria that was determined to have been satisfied on December 14, 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.
Nancy A. Marrazzo Attorney-in-Fact
2021-06-11