SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DECESARIS GEATON A JR

(Last)

(First)

(Middle)

10 HIGHWAY 35

(Street)

RED BANK

07701

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [ HOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/10/2004		S		529	D	$38.63	109,471⁽¹⁾	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,118	D	$38.62	108,353	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,824	D	$38.61	106,529	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		7,824	D	$38.6	98,705	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		353	D	$38.59	98,352	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		235	D	$38.58	98,117	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,528	D	$38.57	96,589	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		705	D	$38.56	95,884	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		2,999	D	$38.55	92,885	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,588	D	$38.54	91,297	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,765	D	$38.53	89,532	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,177	D	$38.52	88,355	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		2,177	D	$38.51	86,178	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		5,000	D	$38.5	81,178	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		530	D	$38.9	80,648	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,059	D	$38.8	79,589	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		2,941	D	$38.75	76,648	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		5,941	D	$38.7	70,707	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		59	D	$38.69	70,648	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		294	D	$38.68	70,354	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		4,118	D	$38.67	66,236	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,177	D	$38.66	65,059	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		3,588	D	$38.65	61,471	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	09/10/2004		S		1,471	D	$38.64	60,000	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust⁽²⁾
Class A Common Stock	12/31/2003		G	V	10,000	D	⁽³⁾	364,020⁽⁴⁾⁽⁵⁾	D
Class A Common Stock								310,286⁽⁴⁾⁽⁶⁾	I	Held by the DeCesaris Family LLC #1
Class A Common Stock								21,458⁽⁷⁾	I	Held by Five Queens, Inc.⁽⁸⁾⁽⁹⁾
Class A Common Stock								105,740⁽¹⁰⁾	I	Held by the Geaton and Josephine DeCesaris Family Trust⁽⁹⁾
Class A Common Stock								3,876⁽⁴⁾	I	Held as custodian under UTMA for the Reporting Person's minor children⁽⁹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 55,000 additional shares of Class A Common Stock deemed indirectly held by the Reporting Person.

2. The Reporting Person is trustee and beneficiary of the Geaton A. DeCesaris 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 of his pecuniary interest therein.

3. N/A

4. 150,000 shares previously reported as directly owned were transferred to DeCesaris Family LLC #1 On December 30, 2003, each of his children contributed additional shares to the LLC including 5,143 shares contributed by a minor child from an account for which the Reporting Person was custodian under the UTMA and which were previously reported as indirectly owned by the Reporting Person in that capacity. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 7,081 additional shares of Class A Common Stock deemed indirectly held by the Reporting Person. The Reporting Person disclaims beneficial ownership of the shares held by the LLC attributable to his childeren.

5. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 182,010 additional shares of Class A Common Stock held by the Reporting Person.

6. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 150,000 additional shares of Class A Common Stock deemed indirectly held by the Reporting Person.

7. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 10,729 additional shares of Class A Common Stock deemed indirectly held by the Reporting Person.

8. Five Queens, Inc. is a subchapter S corporation owned by the Reporting Person's children and of which he is the President.

9. The Reporting Person disclaims beneficial ownership of these shares.

10. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 52,870 additional shares of Class A Common Stock deemed indirectly held by the Reporting Person.

Remarks:

	Nancy A. Marrazzo	09/14/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.