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