X0202 4 2006-01-17 0000357294 HOVNANIAN ENTERPRISES INC HOV 0001045867 DECESARIS GEATON A JR 10 HIGHWAY 35 RED BANK NJ 07701 1 0 0 0 Class A Common Stock 2006-01-17 4 M 0 3001 A 347051 D Class A Common Stock 2006-01-17 4 F 0 1124 51.92 D 345927 D Class A Common Stock 20000 I Held by Geaton A. DeCesaris Charitable Remainder Unitrust Class A Common Stock 200000 I Held by DeCesaris Family LLC #1 Class A Common Stock 105740 I Held by Geaton and Josephine DeCesaris Family Trust Class A Common Stock 21458 I Held by Five Queens, Inc. Phantom Stock Units 2006-01-17 4 M 0 3001 D Class A Common Stock 3001 9002 D N/A The Reporting Person is trustee and beneficiary of the Geaton A. DeCesaris Charitable Remainder Unitrust; the Reporting Person continues to report beneficial ownership of all of the Class A Common Stock held by the unitrust but disclaims beneficial ownership except to the extent of his pecuniary interest therein The Reporting Person disclaims beneficial ownership of these shares held by the family LLC except to the extent of his pecuniary interest therein The Reporting Person disclaims beneficial ownership of these shares Five Queens, Inc. is a subchapter S corporation owned by the Reporting Person's children and of which he is the President 1-for-1 Payout to be made as soon as practicable after vesting on January 15, 2006 with respect to 25% of the Deferred Share Award and upon retirement or occurrence of certain other events set forth under the terms of Deferred Compensation Plan with respect to 75% of the Deferred Share Award Nancy Marrazzo Attorney-in-Fact 2006-01-19