Filing Details

Accession Number:
0001225208-21-005126
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-03-11 17:34:45
Reporting Period:
2021-03-09
Accepted Time:
2021-03-11 17:34:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
357294 Hovnanian Enterprises Inc HOV Operative Builders (1531) 221851059
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
938549 K Ara Hovnanian 90 Matawan Road, Fifth Floor
Matawan NJ 07747
Chairman Of Bd., Pres. & Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2021-03-09 2,809 $89.69 64,980 No 4 S Indirect Held as trustee of trusts for Sossie K. Najarian's family
Class A Common Stock Disposition 2021-03-09 7,191 $88.72 57,789 No 4 S Indirect Held as trustee of trusts for Sossie K. Najarian's family
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Held as trustee of trusts for Sossie K. Najarian's family
No 4 S Indirect Held as trustee of trusts for Sossie K. Najarian's family
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Acquisiton 2021-03-10 13,500 $48.25 13,500 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-03-10 8,132 $101.73 8,132 $0.00
Class A Common Stock Option to purchase Class B Common Stock Disposition 2021-03-10 13,500 $0.00 13,500 $48.25
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
97,704 No 4 M Direct
89,572 No 4 F Direct
0 2021-06-09 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 122,318 Direct
Class A Common Stock 7,767 Indirect Held as trustee of trust for Reporting Person's family
Class A Common Stock 67,729 Indirect Held as trustee of trusts for Esther K. Barry's family
Class A Common Stock 45,789 Indirect Held as trustee of trusts for Lucy K. Kalian's family
Class A Common Stock 67,719 Indirect Held as trustee of trusts for Nadia K. Rodriguez's family
Class A Common Stock 720 Indirect Held by Ara K. Hovnanian Family 1994 long-term trusts
Class A Common Stock 3,564 Indirect Held by trusts for Esther K. Barry's family
Class A Common Stock 4,133 Indirect Held by trusts for Lucy K. Kalian's family
Class A Common Stock 720 Indirect Held by trusts for Nadia K. Rodriguez's family
Class A Common Stock 720 Indirect Held by trusts for Sossie K. Najarian's family
Class A Common Stock 668 Indirect Held by wife
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 5,328 5,328 Indirect
Class A Common Stock Class B Common Stock $0.00 5,328 5,328 Indirect
Class A Common Stock Class B Common Stock $0.00 160 160 Indirect
Class A Common Stock Class B Common Stock $0.00 160 160 Indirect
Class A Common Stock Class B Common Stock $0.00 163,220 163,220 Indirect
Class A Common Stock Class B Common Stock $0.00 31,067 31,067 Indirect
Class A Common Stock Class B Common Stock $0.00 31,067 31,067 Indirect
Class A Common Stock Class B Common Stock $0.00 31,067 31,067 Indirect
Class A Common Stock Class B Common Stock $0.00 31,067 31,067 Indirect
Class A Common Stock Class B Common Stock $0.00 56,786 56,786 Indirect
Class A Common Stock Class B Common Stock $0.00 5,125 5,125 Indirect
Class A Common Stock Class B Common Stock $0.00 38,737 38,737 Indirect
Class A Common Stock Class B Common Stock $0.00 42,035 42,035 Indirect
Class A Common Stock Class B Common Stock $0.00 38,778 38,778 Indirect
Class A Common Stock Class B Common Stock $0.00 22,849 22,849 Indirect
Class A Common Stock Class B Common Stock $0.00 33,256 33,256 Indirect
Class A Common Stock Class B Common Stock $0.00 812 812 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
5,328 5,328 Indirect
5,328 5,328 Indirect
160 160 Indirect
160 160 Indirect
163,220 163,220 Indirect
31,067 31,067 Indirect
31,067 31,067 Indirect
31,067 31,067 Indirect
31,067 31,067 Indirect
56,786 56,786 Indirect
5,125 5,125 Indirect
38,737 38,737 Indirect
42,035 42,035 Indirect
38,778 38,778 Indirect
22,849 22,849 Indirect
33,256 33,256 Indirect
812 812 Indirect
Footnotes
  1. Represents the weighted average sales price for price increments ranging from $89.50 to $90.25. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
  2. 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
  3. Held by trusts for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
  4. Represents the weighted average sales price for price increments ranging from $88.45 to $89.20. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
  5. Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, through a limited liability company interest in the 2012 LLC
  6. 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
  7. 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
  8. 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
  9. Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
  10. 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
  11. 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
  12. 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
  13. 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
  14. 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")
  15. 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
  16. No expiration date
  17. The option is fully vested
  18. N/A
  19. 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 2012 LLC
  20. Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership")
  21. Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
  22. 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
  23. Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
  24. Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
  25. Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership