X0201 4 2003-12-29 0 0000038570 ORLEANS HOMEBUILDERS INC OHB 0001203114 ORLEANS JEFFREY P C/P ORLEANS HOMEBUILDERS, INC. 333 STREET ROAD, SUITE 101 BENSALEM PA 19020 1 1 1 0 Chairman and CEO Common Stock 2003-12-29 4 C 0 2000000 0 A 9893794 D Common Stock 2003-12-29 4 C 0 666666 1.50 A 10560460 D Common Stock 406282 I By Children Common Stock 42000 I By Partnership Common Stock 5000 I By Corporation Series D Preferred Stock 0 2003-12-29 4 C 0 100000 0 D 1999-02-01 1988-08-08 Common Stock 2000000 0 D Convertible Subordinated 7% Note 1.50 2003-12-29 4 C 0 1000000 0 D 1996-08-01 2005-01-01 Common Stock 666666 1000000 D The Reporting Person converted 100,000 shares of Series D Preferred Stock on December 29, 2003, at a conversion rate of 20 shares of common stock per share of Series D Preferred Stock, resulting in his acquisition of 2,000,000 shares of common stock. The Reporting Person disclaims beneficial ownership of all securities held by or in trust for the benefit of his minor children. The Reporting Person is a majority partner in 16A Associates, L.P. The Reporting Person has a 50% interest in Mainard, Inc., which holds 10,000 shares. This security has a conversion rate of 20-for-1. The securities have no expiration date. Jeffrey P. Orleans 2003-12-30