X0202 4 2007-05-31 0000039677 AVATAR HOLDINGS INC AVTR 0001052821 ROSEN KENNETH T ROSEN CONSULTING 1995 UNIVERSITY AVENUE, #550 BERKELEY CA 94704 1 0 0 0 Restricted Stock Units 2007-05-31 4 A 0 180 0 A 2008-05-31 2008-05-31 Common Stock 180 180 D The units convert to Common Stock of the issuer on a 1-for-1 basis. The units granted to the Reporting Person vest in full on the earlier of May 31, 2008 or the day immediately preceding the 2008 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 2007-06-04