0001225208-23-006747.txt : 20230612 0001225208-23-006747.hdr.sgml : 20230612 20230612180417 ACCESSION NUMBER: 0001225208-23-006747 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230608 FILED AS OF DATE: 20230612 DATE AS OF CHANGE: 20230612 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: 231009642 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 X0407 4 2023-06-08 0000357294 HOVNANIAN ENTERPRISES INC HOV 0001211054 SORSBY J LARRY C/O HOVNANIAN ENTERPRISES, INC. 90 MATAWAN ROAD MATAWAN NJ 07747 1 1 Exec. VP and CFO 0 Class A Common Stock 2023-06-08 4 M 0 1404.0000 0.0000 A 117571.0000 D Class A Common Stock 2023-06-08 4 M 0 1404.0000 0.0000 A 116167.0000 D Class A Common Stock 2023-06-08 4 F 0 1107.0000 91.0000 D 116464.0000 D Class A Common Stock 15903.0000 I Held by GRAT Class A Common Stock 6363.0000 I Held by Spouse Class A Common Stock 9540.0000 I Held by Spouse's GRAT Market Share Units 2023-06-08 4 M 0 850.0000 0.0000 D 2023-06-08 Class A Common Stock 850.0000 0.0000 D Market Share Units (Performance) 2023-06-08 4 M 0 850.0000 0.0000 D 2023-06-08 Class A Common Stock 850.0000 0.0000 D On June 8, 2023, 850 Market Share Units vested and converted into 1,404 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 On June 8, 2023, 850 Market Share Units vested and converted into 1,404 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 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, 2023, 850 Market Share Units vested and converted into 1,404 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 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. Elizabeth D. Tice Attorney-in-Fact 2023-06-12