0001225208-21-009436.txt : 20210615 0001225208-21-009436.hdr.sgml : 20210615 20210615185433 ACCESSION NUMBER: 0001225208-21-009436 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210611 FILED AS OF DATE: 20210615 DATE AS OF CHANGE: 20210615 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOVNANIAN ARA K CENTRAL INDEX KEY: 0000938549 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-32447 FILM NUMBER: 211020051 MAIL ADDRESS: STREET 1: 90 MATAWAN ROAD, FIFTH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HOVNANIAN ENTERPRISES INC CENTRAL INDEX KEY: 0000357294 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 221851059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 BUSINESS ADDRESS: STREET 1: 90 MATAWAN ROAD, 5TH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 BUSINESS PHONE: 7327477800 MAIL ADDRESS: STREET 1: 90 MATAWAN ROAD, 5TH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 4 1 doc4.xml X0306 4 2021-06-11 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K 90 MATAWAN ROAD, FIFTH FLOOR MATAWAN NJ 07747 1 1 1 Chairman of Bd., Pres. & CEO Performance Share Units (2021) 2021-06-11 4 A 0 22400.0000 0.0000 A Class A Common Stock 22400.0000 22400.0000 D Class B Common Stock 2021-06-14 4 M 0 18000.0000 0.0000 A Class A Common Stock 18000.0000 125993.0000 D Class B Common Stock 2021-06-14 4 F 0 7083.0000 88.6900 D Class A Common Stock 7083.0000 118910.0000 D Market Share Units 2021-06-14 4 M 0 9000.0000 0.0000 D 2024-06-14 Class A Common Stock 9000.0000 27000.0000 D Class B Common Stock Class A Common Stock 5328.4000 5328.4000 I Held as trustee for daughter Serena Class B Common Stock Class A Common Stock 5328.4000 5328.4000 I Held as trustee for son Alexander Class B Common Stock Class A Common Stock 160.0000 160.0000 I Held as trustee of the Alexander Hovnanian Trust Class B Common Stock Class A Common Stock 160.0000 160.0000 I Held as trustee of the Alton Hovnanian Trust Class B Common Stock Class A Common Stock 163220.1600 163220.1600 I Held as trustee of trust for Reporting Person's family Class B Common Stock Class A Common Stock 31067.1600 31067.1600 I Held as trustee of trusts for Esther K. Barry's family Class B Common Stock Class A Common Stock 31067.1600 31067.1600 I Held as trustee of trusts for Lucy K. Kalian's family Class B Common Stock Class A Common Stock 31067.1600 31067.1600 I Held as trustee of trusts for Nadia K. Rodriguez's family Class B Common Stock Class A Common Stock 31067.1600 31067.1600 I Held as trustee of trusts for Sossie K. Najarian's family Class B Common Stock Class A Common Stock 56786.4536 56786.4536 I Held by Ara K. Hovnanian Family 1994 long-term trusts Class B Common Stock Class A Common Stock 5125.2800 5125.2800 I Held by Reporting Person through partnership interests in the Limited Partnership. Class B Common Stock Class A Common Stock 38736.6940 38736.6940 I Held by trusts for Esther K. Barry's family Class B Common Stock Class A Common Stock 42034.9200 42034.9200 I Held by trusts for Kevork S. Hovnanian's family Class B Common Stock Class A Common Stock 38777.8564 38777.8564 I Held by trusts for Lucy K. Kalian's family Class B Common Stock Class A Common Stock 22849.1972 22849.1972 I Held by trusts for Nadia K. Rodriguez's family Class B Common Stock Class A Common Stock 33256.3364 33256.3364 I Held by trusts for Sossie K. Najarian's family Class B Common Stock Class A Common Stock 812.0000 812.0000 I Held by wife Vested Performance Share Units convert into Class B Common Stock (as defined below) on a one-for-one basis These Performance Share Units vest based on satisfaction of service vesting conditions through June 11, 2024 to the extent of the achievement of specified performance criteria over a performance period ending on April 30, 2022 Upon, and to the extent of, vesting of the Performance Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock (as defined below) on a one-for-one basis. The number of shares of Class B Common Stock that would be received upon vesting of the Performance Share Units will vary from 50% to 200% of the number shown depending on the achievement of certain performance criteria during the relevant performance period The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") On June 14, 2021, 9,000 Market Share Units vested and converted into 18,000 shares of Class B Common Stock pursuant to the terms of the award granted on June 14, 2019 No expiration date Shares of Class B Common Stock received upon vesting convert 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 beginning on June 14, 2021 Upon, and to the extent of, vesting of the Market Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock. The number of shares of Class B Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC") The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Nancy A. Marrazzo Attorney-in-Fact 2021-06-15