X0202 4 2007-05-31 1 0000039677 AVATAR HOLDINGS INC AVTR 0001024348 SPEARS WILLIAM G SPEARS ABACUS ADVISORS LLC 147 EAST 48TH STREET NEW YORK NY 10017 1 0 0 0 Common Stock 2007-05-31 4 M 0 670 82.53 A 20930 D Stock Units 2007-05-31 4 M 0 670 0 D 2007-05-31 2007-05-31 Common Stock 670 0 D The units, which represent a deferral of a portion of director's fees payable to the Reporting Person, were vested on the date of issuance and were converted into shares of Issuer's Common Stock on May 31, 2007, the date on which the Reporting Person ceased serving as a member of the Issuer's board of directors. The units converted to Common Stock of the Issuer on a 1-for-1 basis. The zero ("0") in this column is a "dummy" amount, solely for the purpose of permitting the use of a descriptive footnote stating that the price is not applicable. Juanita I. Kerrigan, attorney-in-fact for William G. Spears 2007-06-04