0001225208-22-000670.txt : 20220111
0001225208-22-000670.hdr.sgml : 20220111
20220111164540
ACCESSION NUMBER: 0001225208-22-000670
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220107
FILED AS OF DATE: 20220111
DATE AS OF CHANGE: 20220111
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: 001-08551
FILM NUMBER: 22524451
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
2022-01-07
0000357294
HOVNANIAN ENTERPRISES INC
HOV
0001211054
SORSBY J LARRY
C/O HOVNANIAN ENTERPRISES, INC.
90 MATAWAN ROAD
MATAWAN
NJ
07747
1
1
1
Exec. VP and CFO
Class A Common Stock
2022-01-07
4
M
0
33015.0000
0.0000
A
143448.0000
D
Class A Common Stock
2022-01-07
4
F
0
910.0000
112.4300
D
142538.0000
D
Class A Common Stock
2022-01-07
4
D
0
33015.0000
112.4300
D
109523.0000
D
Class A Common Stock
15903.0000
I
Held by GRAT
Class A Common Stock
15903.0000
I
Held by Spouse's GRAT
Phantom Shares
2022-01-07
4
M
0
33015.0000
0.0000
D
Class A Common Stock
33015.0000
29140.0000
D
Represents the settlement of Phantom Shares in an amount of cash equal to the value of a share of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") at the time of payout, as calculated pursuant to the applicable aware agreement.
Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the Class A Common Stock. Following vesting, each Phantom Share will be paid in an amount of cash equal to the value of a share of Class A Common Stock at the time of payout, as calculated pursuant to the applicable award agreement.
The remaining Phantom Shares vest as follows: (a) 14,571 shares vest on October 31, 2022 and (b) 14,569 shares vest on October 31, 2023 and settle in cash in the January following vesting.
Elizabeth D. Tice Attorney-in-Fact
2022-01-11