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