X0306 4 2019-01-01 0000357294 HOVNANIAN ENTERPRISES INC HOV 0001211054 SORSBY J LARRY 90 MATAWAN ROAD, FIFTH FLOOR MATAWAN NJ 07747 1 1 Exec. VP and CFO Class A Common Stock 2019-01-01 4 M 0 4927.0000 0.0000 A 508918.0000 D Class A Common Stock 2019-01-01 4 M 0 4927.0000 0.0000 A 513845.0000 D Class A Common Stock 2019-01-02 4 F 0 3964.0000 0.7600 D 509881.0000 D Market Share Units (Performance) 2019-01-01 4 M 0 7500.0000 0.0000 D 2021-06-10 Class A Common Stock 7500.0000 52500.0000 D Market Share Units (Performance) 2019-01-01 4 M 0 7500.0000 0.0000 D 2021-06-10 Class A Common Stock 7500.0000 45000.0000 D On January 1, 2019, 7,500 Market Share Units vested and converted into 4,927 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), pursuant to the terms of the award granted on June 10, 2016 that was subject to additional financial performance criteria that was determined to have been satisfied on December 14, 2018 Converts to Class A Common Stock on a one-for-one basis The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2019, June 10, 2019, June 10, 2020 and June 10, 2021 The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 175% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period Nancy A. Marrazzo Attorney-in-Fact 2019-01-03