X0303 4 2011-06-02 0000039677 AVATAR HOLDINGS INC AVTR 0001052821 ROSEN KENNETH T ROSEN CONSULTING 1995 UNIVERSITY AVENUE, #550 BERKELEY CA 94704 1 0 0 0 Common Stock, $1.00 par value 3820 D Restricted Stock Units 2011-06-02 4 A 0 895 0 A 2012-06-01 2012-06-01 Common Stock, $1.00 par value 895 895 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 June 1, 2012 or the day immediately preceding the 2012 annual meeting of stockholders, provided that the Reporting Person is a member of the Issuer's board of directors on such date. 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. /s/ Juanita I. Kerrigan, attorney-in-fact for Kenneth T. Rosen 2011-06-06