X0202 4 2005-12-06 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K 10 HIGHWAY 35 RED BANK NJ 07701 1 1 1 0 President and CEO Phantom Stock Units 2005-12-06 4 A 0 124922 A Class A Common Stock 124922 124922 D 1-for-1 Grant of Deferred Share Award subject to vesting. Subject to continued employment through January 15, 2006, payout to be made on January 1, 2009 or upon occurrence of certain other events set forth under the terms of the Deferred Compensation Plan. Upon the distribution of the Phantom Stock Units, shares of Class B Common Stock would be distributed. 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 2005-12-08