X0202 4 2004-05-05 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000900565 HOVNANIAN KEVORK S 10 HIGHWAY 35 RED BANK NJ 07701 1 1 1 0 Chairman of the Board Class A Common Stock 2003-12-12 5 G 0 56113 D 4846962 D Class A Common Stock 2004-05-05 4 J 0 36500 36.50 A 9730424 D Class A Common Stock 2004-05-05 4 J 0 36500 36.50 D 0 I Held by the 1991 Exclusion Trust Class A Common Stock 190000 I Held by wife Class B Common Stock 2004-01-14 5 G 0 11597.52 D Class A Common Stock 11597.52 2565261.6 I Held by the Family Limited Partnership Class B Common Stock 2004-05-05 4 J 0 110900 D Class A Common Stock 110900 0 I Held by the 1991 Exclusion Trust Class B Common Stock 2004-05-05 4 J 0 110900 A Class A Common Stock 110900 5499724 D Class B Common Stock Class A Common Stock 30000 30000 I Held by the Limited Partnership Class B Common Stock Class A Common Stock 529124 529124 I Held by wife as trustee for daughter. Not applicable. On May 5, 2004, the Reporting Person acquired 36,500 shares of Class A Common Stock and 110, 900 of Class B Common Stock from the Kevork S. Hovnanian 1991 Exclusion Trust, which shares were previously reported as indirectly beneficially owned. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 4,846,962 additional shares of Class A Common Stock held directly by the reporting person. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 18,250 additional shares of Class A Common Stock deemed indirectly held by the reporting person. Held by the Kevork S. Hovnanian 1991 Exclusion Trust of which the Reporting Person's spouse is trustee. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 95,000 additional shares of Class A Common Stock deemed indirectly held by the reporting person. The Class B Common Stock, par value $.01 per share, non-cumulative, is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative. No expiration date. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 1,282,630.80 additional shares of Class B Common Stock deemed indirectly held by the reporting person. Held by the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 55,450 additional shares of Class B Common Stock deemed indirectly held by the reporting person. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 2,694,412 additional shares of Class B Common Stock held directly by the reporting person. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 15,000 additional shares of Class B Common Stock deemed indirectly held by the reporting person. Held by the Limited Partnership through the partnership interest held by the Sirwart Hovnanian 1994 Martial Trust. On March 19, 2004, the common stock of Hovnanian Enterprises, Inc. split 2-for-1, resulting in 264,562 additional shares of Class B Common Stock deemed indirectly held by the reporting person. Nancy A. Marazzo 2004-05-07