X0202 4 2006-10-04 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K 110 WEST FRONT STREET RED BANK NJ 07701 1 1 1 0 President and CEO Class A Common Stock 2006-10-04 4 S 0 1750 30.00 D 30487 I Held as trustee of trust for Nadia K. Rodriguez's family Class A Common Stock 32237 I Held as trustee of trust for Sossie K. Najarian's family Class A Common Stock 32237 I Held as trustee of trust for Esther K. Barry's family Class A Common Stock 32237 I Held as trustee of trust for Lucy K. Kalian's family Class A Common Stock 1694534 D Class A Common Stock 205092 I Held by the Ara K. Hovnanian 2004 GRAT Class A Common Stock 13974 I Held by son Alexander Class A Common Stock 6700 I Held by daughter Serena Class A Common Stock 16700 I Held by wife Class A Common Stock 71099 I Held by trust for Esther K. Barry's family Class A Common Stock 85319 I Held by trust for Lucy K. Kalian's family Class A Common Stock 39100 I Held by trust for Nadia K. Rodriquez's family Following the final transfer of shares to the principal beneficiary of the KSH 2004 GRAT, of which the Reporting Person was the trustee and had a potential remainder interest, the remaining 128,948 shares of Class A Common Stock held by the KSH 2004 GRAT were, pursuant to the original terms of the GRAT, transferred to individual trusts for the benefit of the Reporting Person's sisters' families. The Reporting Person is a trustee of each of these new trusts and has a remote potential remainder interest in the trusts. The Reporting Person's beneficial interest in shares was not changed by any of such transfers. On June 12, 2006 the Reporting Person received a distribution of 31,254 shares of Class A Common Stock from the Ara K. Hovnanian 2004 GRAT in which the reporting person is trustee and the principal beneficiary. The Reporting Person's beneficial interest in such shares was not changed by such distribution. Held by the Ara K. Hovnanian 2004 GRAT of which the reporting person is trustee and the principal beneficiary Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is trustee and has a potential remainder interest, including shares held through a partnership interest in the Limited Partnership Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is trustee and has a potential remainder interest, including shares held through a partnership interest in the Limited Partnership Held by The Nadia K. Rodriquez Family 1994 Long-Term Trust, of which the reporting person is trustee and has a potential remainder interest, including shares held through a partnership interest in the Limited Partnership Nancy A. Marrazzo Attorney-in-Fact 2006-10-06