X0303 4 2009-10-27 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K 110 WEST FRONT STREET RED BANK NJ 07701 1 1 1 President and CEO Class A Common Stock 2009-10-27 4 M 0 150000 3 A 3726747 D Class A Common Stock 2009-10-27 4 F 0 121181 4.3 D 3605566 D Class A Common Stock 30737 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 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 6700 I Held by daughter Serena Class A Common Stock 7127392 I Held by executors for the Estate of Kevork S. Hovnanian Class A Common Stock 13974 I Held by son Alexander Class A Common Stock 18000 I Held by the Ara K. Hovnanian Family 1994 Long-Term Trust Class A Common Stock 89099 I Held by trust for Esther K. Barry's family Class A Common Stock 103319 I Held by trust for Lucy K. Kalian's family Class A Common Stock 18000 I Held by trust for Nadia K. Rodriguez's family Class A Common Stock 18000 I Held by trust for Sossie K. Najarian's family Class A Common Stock 16700 I Held by wife Employee Stock Option (right to buy) 3 2009-10-27 4 M 0 150000 0 D 2009-10-27 Class A Common Stock 150000 0 D 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 the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose Held by a trust for Esther K. Barry and her family, of which the reporting person is trustee and has a potential remainder interest Held by a trust for Lucy K. Kalian and her family, of which the reporting person is trustee and has a potential remainder interest Held by a trust for Nadia K. Rodriguez and her family, of which the reporting person is trustee and has a potential remainder interest Held by a trust for Sossie K. Najarian and her family, of which the reporting person is trustee and has a potential remainder interest Held by Sirwart Hovnanian, Ara K. Hovnanian, Sossie K. Najarian, Esto K. Barry, Lucy K. Kalian and Nadia K. Rodriguez, Executors of the Estate of Kevork S. Hovnanian, Deceased (the "Executors"). The reporting person is special purpose Executor with respect to investments in securities of the Issuer. Transactions by the Executors are currently exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-2(d)(1). 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 Kevork S. Hovnanian Family Limited Partnership Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is trustee and has a potential remainder interest Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is trustee and has a potential remainder interest Held by The Nadia K. Rodriquez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is trustee and has a potential remainder interest The exercise price of, and the number of shares of Class A Common Stock underlying, the option have been adjusted to reflect stock splits The option vests in four equal annual installments beginning on October 28, 2002 Nancy A. Marrazzo Attorney-in-Fact 2009-10-29