X0303 4 2011-06-10 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K 110 WEST FRONT STREET RED BANK NJ 07701 1 1 1 Chairman of Bd., Pres. & CEO Class B Common Stock 2011-06-10 4 A 0 12500.0000 0.0000 A Class A Common Stock 12500.0000 327747.0000 D Option to purchase Class B Common Stock 1.9300 2011-06-10 4 A 0 337500.0000 0.0000 A 2021-06-09 Class A Common Stock 337500.0000 337500.0000 D Class B Common Stock 2010-12-28 5 G 0 99631.0000 0.0000 A Class A Common Stock 99631.0000 133210.0000 I Held as trustee for daughter Serena Class B Common Stock 2010-12-28 5 G 0 99631.0000 0.0000 A Class A Common Stock 99631.0000 133210.0000 I Held as trustee for son Alexander Class B Common Stock 2010-12-30 5 G 0 15642.2900 0.0000 A Class A Common Stock 15642.2900 1115203.9400 I Held by the Ara K. Hovnanian Family 1994 Long-Term Trust Class B Common Stock 2010-12-30 5 G 0 23463.4400 0.0000 A Class A Common Stock 23463.4400 468609.7800 I Held by trust for Esther K. Barry's family Class B Common Stock 2010-12-30 5 G 0 23463.4400 0.0000 A Class A Common Stock 23463.4400 557638.4600 I Held by trust for Lucy K. Kalian's family Class B Common Stock 2010-12-30 5 G 0 15642.2900 0.0000 A Class A Common Stock 15642.2900 267589.1600 I Held by trust for Nadia K. Rodriguez's family Class B Common Stock 2010-12-30 5 G 0 19552.8700 0.0000 A Class A Common Stock 19552.8700 375670.5400 I Held by trust for Sossie K. Najarian's family Class B Common Stock 2010-12-28 5 G 0 199262.0000 0.0000 D Class A Common Stock 199262.0000 0.0000 I Held by trust for the Reporting Person and his family Class B Common Stock Class A Common Stock 4000.0000 4000.0000 I Held as trustee of the Alexander Hovnanian Trust Class B Common Stock Class A Common Stock 4000.0000 4000.0000 I Held as trustee of the Alton Hovnanian Trust Class B Common Stock Class A Common Stock 53650.0000 53650.0000 I Held by daughter Serena Class B Common Stock Class A Common Stock 7138646.0000 7138646.0000 I Held by executors for the Estate of Kevork S. Hovnanian Class B Common Stock Class A Common Stock 128132.0000 128132.0000 I Held by Reporting Person through partnership interests in the Limited Partnership. Class B Common Stock Class A Common Stock 68324.0000 68324.0000 I Held by son Alexander Class B Common Stock Class A Common Stock 100000.0000 100000.0000 I Held by the Ara K. Hovnanian 2010 Grantor Retained Annuity Trust Class B Common Stock Class A Common Stock 20300.0000 20300.0000 I Held by wife The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately converted into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative Represents a grant of restricted stock units which vests in four equal annual installments beginning on June 10, 2013. No expiration date N/A The option vests in four equal annual installments beginning on June 10, 2013 Upon 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. 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 (the "Limited Partnership") 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 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 Kevork S. Hovnanian Family Limited Partnership 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 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, including shares held through a partnership interest in the Kevork S. Hovnanian Family 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 Kevork S. Hovnanian Family Limited Partnership 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. Nancy A. Marrazzo Attorney-in-Fact 2011-06-14