X0202 4 2006-05-24 0000039677 AVATAR HOLDINGS INC AVTR 0001052821 ROSEN KENNETH T ROSEN CONSULTING 1995 UNIVERSITY AVENUE, #550 BERKELEY CA 94704 1 0 0 0 COMMON STOCK 2006-05-24 4 M 0 400 57.89 A 1400 D Restricted Stock Units 2005-05-24 4 M 0 400 0 D 2006-05-24 2006-05-24 Common Stock 400 0 D Restricted Stock Units 2006-05-25 4 A 0 260 0 A 2007-05-25 2007-05-25 Common Stock 260 260 D Settlement of Restricted Stock Units upon vesting. The units convert 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. The units granted to the Reporting Person vest in full on the earlier of May 25, 2007 or the day immediately preceding the 2007 annual meeting of stockholders, provided that the Reporting Person is a member of the Issuer's board of directors on such date. /s/ Juanita I. Kerrigan, attorney-in-fact for Kenneth T. Rosen 2006-05-26