0001225208-22-007984.txt : 20220610
0001225208-22-007984.hdr.sgml : 20220610
20220610202345
ACCESSION NUMBER: 0001225208-22-007984
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220608
FILED AS OF DATE: 20220610
DATE AS OF CHANGE: 20220610
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HOVNANIAN ARA K
CENTRAL INDEX KEY: 0000938549
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08551
FILM NUMBER: 221010460
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
2022-06-08
0000357294
HOVNANIAN ENTERPRISES INC
HOV
0000938549
HOVNANIAN ARA K
C/O HOVNANIAN ENTERPRISES, INC.
90 MATAWAN ROAD
MATAWAN
NJ
07747
1
1
1
Chairman of Bd., Pres. & CEO
Class B Common Stock
2022-06-08
4
M
0
3042.0000
0.0000
A
Class A Common Stock
3042.0000
242906.0000
D
Class B Common Stock
2022-06-08
4
M
0
3042.0000
0.0000
A
Class A Common Stock
3042.0000
245948.0000
D
Class B Common Stock
2022-06-08
4
F
0
2396.0000
58.5200
D
Class A Common Stock
2396.0000
243552.0000
D
Market Share Units
2022-06-08
4
M
0
3000.0000
0.0000
D
2023-06-08
Class A Common Stock
3000.0000
3000.0000
D
Market Share Units
2022-06-08
4
M
0
3000.0000
0.0000
D
2023-06-08
Class A Common Stock
3000.0000
0.0000
D
Class B Common Stock
2022-06-09
4
M
0
2497.0000
0.0000
A
Class A Common Stock
2497.0000
246049.0000
D
Class B Common Stock
2022-06-09
4
M
0
1249.0000
0.0000
A
Class A Common Stock
1249.0000
247298.0000
D
Class B Common Stock
2022-06-09
4
F
0
1475.0000
58.1700
D
Class A Common Stock
1475.0000
245823.0000
D
Market Share Units
2022-06-09
4
M
0
3000.0000
0.0000
D
2022-06-09
Class A Common Stock
3000.0000
0.0000
D
Market Share Units (Performance)
2022-06-09
4
M
0
1500.0000
0.0000
D
2022-06-09
Class A Common Stock
1500.0000
0.0000
D
Class B Common Stock
Class A Common Stock
5328.4000
5328.4000
I
Held as trustee for daughter Serena
Class B Common Stock
Class A Common Stock
5328.4000
5328.4000
I
Held as trustee for son Alexander
Class B Common Stock
Class A Common Stock
160.0000
160.0000
I
Held as trustee of the Alexander Hovnanian Trust
Class B Common Stock
Class A Common Stock
160.0000
160.0000
I
Held as trustee of the Alton Hovnanian Trust
Class B Common Stock
Class A Common Stock
157434.5600
157434.5600
I
Held as trustee of trust for Reporting Person's family
Class B Common Stock
Class A Common Stock
25281.4000
25281.4000
I
Held as trustee of trusts for Esther K. Barry's family
Class B Common Stock
Class A Common Stock
25281.4000
25281.4000
I
Held as trustee of trusts for Lucy K. Kalian's family
Class B Common Stock
Class A Common Stock
25281.4000
25281.4000
I
Held as trustee of trusts for Nadia K. Rodriguez's family
Class B Common Stock
Class A Common Stock
25281.4000
25281.4000
I
Held as trustee of trusts for Sossie K. Najarian's family
Class B Common Stock
Class A Common Stock
50507.5100
50507.5100
I
Held by Ara K. Hovnanian Family 1994 long-term trusts
Class B Common Stock
Class A Common Stock
5125.2800
5125.2800
I
Held by Reporting Person through partnership interests in the Limited Partnership.
Class B Common Stock
Class A Common Stock
38736.6940
38736.6940
I
Held by trusts for Esther K. Barry's family
Class B Common Stock
Class A Common Stock
42034.9200
42034.9200
I
Held by trusts for Kevork S. Hovnanian's family
Class B Common Stock
Class A Common Stock
38777.8564
38777.8564
I
Held by trusts for Lucy K. Kalian's family
Class B Common Stock
Class A Common Stock
22849.1972
22849.1972
I
Held by trusts for Nadia K. Rodriguez's family
Class B Common Stock
Class A Common Stock
33256.3364
33256.3364
I
Held by trusts for Sossie K. Najarian's family
Class B Common Stock
Class A Common Stock
812.0000
812.0000
I
Held by wife
The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
On June 8, 2022, 3,000 Market Share Units vested and converted into 3,042 shares of Class B Common Stock pursuant to the terms of the award granted on June 8, 2018 that was subject to additional financial performance criteria that was determined to have been satisfied on December 15, 2020
No expiration date
On June 8, 2022, 3,000 Market Share Units vested and converted into 3,042 shares of Class B Common Stock pursuant to the terms of the award granted on June 8, 2018
Shares of Class B Common Stock received upon vesting are immediately convertible into Class A Common Stock on a one-for-one basis
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 B 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
Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock and Class B 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
Upon, and to the extent of, vesting of the Market Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock.
On June 8, 2022, 3,000 Market Share Units vested and converted into 3,042 shares of Class B 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 and Class B Common Stock that occurred on March 29, 2019.
The number of shares of Class B 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.
On June 9, 2022, 3,000 Market Share Units vested and converted into 2,497 shares of Class B Common Stock pursuant to the terms of the award granted on June 9, 2017
On June 9, 2022 1,500 Market Share Units vested and converted into 1,249 shares of Class B Common Stock pursuant to the terms of the award granted on June 9, 2017 that was subject to additional financial performance criteria that was determined to have been satisfied on December 16, 2019
Shares of Class B Common Stock received upon vesting convert to Class A Common Stock on a one-for-one basis
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, 2022, 3,000 Market Share Units vested and converted into 2,497 shares of Class B 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 and Class B 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, 2020, June 9, 2020, June 9, 2021 and June 9, 2022
Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC
Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Elizabeth D. Tice Attorney-in-Fact
2022-06-10