X0202 4 2005-05-20 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K 10 HIGHWAY 35 RED BANK NJ 07701 1 1 1 0 President and CEO Option to purchase Class B Common Stock 56.82 2005-05-20 4 A 0 145834 A 2015-05-20 Class A Common Stock 145834 145834 D The option vests in four equal annual installments beginning on May 20, 2008. Upon the exercise of the option, shares of Class B Common Stock would be purchased. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock. Not applicable Nancy A. Marrazzo 2005-05-24