X0202 4 2005-08-12 0000039677 AVATAR HOLDINGS INC AVTR 0001253611 LEVY MICHAEL F 201 ALHAMBRA CIRCLE 12TH FLOOR CORAL GABLES FL 33134 0 1 0 0 EVP & COO, Avatar Properties 4.50% Convertible Senior Notes due 2024 52.63 2005-08-12 4 P 0 250000.00 277812.50 A 2024-04-01 Common Stock, $1.00 par value 4750 250000.00 D At any time during any calendar quarter (but only during such calendar quarter) if the closing price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of the preceding calendar quarter is more than 120% of the conversion price on such last day and under certain other circumstances as described in the Indenture dated March 30, 2004. Michael F. Levy 2005-08-16