X0202 5 2006-10-31 0 0 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 B Common Stock 2006-07-12 5 G 0 6600 A Class A Common Stock 6600 506498.62 I Held by trust for Lucy K. Kalian's family Class B Common Stock 2006-07-12 5 G 0 5500 A Class A Common Stock 5500 422082.67 I Held by trust for Esther K. Barry's family Class B Common Stock 2006-07-12 5 G 0 4400 A Class A Common Stock 4400 1081110.71 I Held by the Ara K. Hovnanian Family 1994 Long Term Trust Class B Common Stock 2006-07-12 5 G 0 4400 A Class A Common Stock 4400 337666.73 I Held by trust for Sossie K. Najarian's family Class B Common Stock 2006-07-12 5 G 0 4400 A Class A Common Stock 4400 233495.93 I Held by trust for Nadia K. Rodriguez's family Class B Common Stock Class A Common Stock 1688720 1688720 D Class B Common Stock Class A Common Stock 250000 250000 I Held by the Ara K. Hovnanian 2004 GRAT Class B Common Stock Class A Common Stock 128132 128132 I Held by Reporting Person THROUGH PARTNERSHIP INTERESTS IN THE Limited Partnership Class B Common Stock Class A Common Stock 20300 20300 I Held by wife Class B Common Stock Class A Common Stock 54524 54524 I Held by son Alexander Class B Common Stock Class A Common Stock 39850 39850 I Held by daughter Serena Class B Common Stock Class A Common Stock 199262 199262 I Held as trustee of the KSH 2004 GRAT in which Reporting Person has a potential remainder interest Class B Common Stock Class A Common Stock 4000 4000 I Held as trustee of the Alton Hovnanian Trust Class B Common Stock Class A Common Stock 4000 4000 I Held as trustee of the Alexander Hovnanian Trust Class B Common Stock Class A Common Stock 33579 33579 I Held as trustee for son Alexander Class B Common Stock Class A Common Stock 33579 33579 I Held as trustee for daughter Serena 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 N/A The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a partnership interest in the Limited Partnership Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee, including shares held through a partnership interest in the Limited Partnership Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a partnership interest in the Limited Partnership Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a partnership interest in the Limited Partnership Held by the Ara K. Hovnanian 2004 Grantor Retained Annuity Trust of which the reporting person is a trustee and the principal beneficiary Nancy A. Marrazzo, Attorney-in-Fact 2006-12-15