X0304 4 2012-01-01 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 A Common Stock 2011-11-22 5 G 0 45000.0000 0.0000 D 3793554.0000 D Class A Common Stock 2012-01-03 4 F 0 66043.0000 1.5500 D 3727511.0000 D Class A Common Stock 30737.0000 I Held as trustee of trust for Esther K. Barry's family Class A Common Stock 32237.0000 I Held as trustee of trust for Lucy K. Kalian's family Class A Common Stock 30487.0000 I Held as trustee of trust for Nadia K. Rodriguez's family Class A Common Stock 32237.0000 I Held as trustee of trust for Sossie K. Najarian's family Class A Common Stock 6700.0000 I Held by daughter Serena Class A Common Stock 7127392.0000 I Held by executors for the Estate of Kevork S. Hovnanian Class A Common Stock 13974.0000 I Held by son Alexander Class A Common Stock 18000.0000 I Held by the Ara K. Hovnanian Family 1994 Long-Term Trust Class A Common Stock 89099.0000 I Held by trust for Esther K. Barry's family Class A Common Stock 103319.0000 I Held by trust for Lucy K. Kalian's family Class A Common Stock 18000.0000 I Held by trust for Nadia K. Rodriguez's family Class A Common Stock 18000.0000 I Held by trust for Sossie K. Najarian's family Class A Common Stock 16700.0000 I Held by wife Class B Common Stock 2011-12-20 5 G 0 43000.0000 0.0000 D Class A Common Stock 43000.0000 333302.0000 D Class B Common Stock 2012-01-01 4 M 0 117399.0000 0.0000 A Class A Common Stock 117399.0000 450701.0000 D Phantom Stock Units Payout 2012 Class B 2012-01-01 4 M 0 117399.0000 0.0000 D Class A Common Stock 117399.0000 0.0000 D Class B Common Stock 2011-12-20 5 G 0 21500.0000 0.0000 A Class A Common Stock 21500.0000 75150.0000 I Held by daughter Serena Class B Common Stock 2011-12-20 5 G 0 21500.0000 0.0000 A Class A Common Stock 21500.0000 89824.0000 I Held by son Alexander Class B Common Stock 2011-12-20 5 G 0 59719.5300 0.0000 A Class A Common Stock 59719.5300 1174923.4700 I Held by the Ara K. Hovnanian Family 1994 Long-Term Trust Class B Common Stock 2011-12-20 5 G 0 104509.1800 0.0000 A Class A Common Stock 104509.1800 573118.9600 I Held by trust for Esther K. Barry's family Class B Common Stock 2011-12-20 5 G 0 89579.3000 0.0000 A Class A Common Stock 89579.3000 647217.7600 I Held by trust for Lucy K. Kalian's family Class B Common Stock 2011-12-20 5 G 0 58902.9100 0.0000 A Class A Common Stock 58902.9100 326492.0700 I Held by trust for Nadia K. Rodriguez's family Class B Common Stock 2011-12-20 5 G 0 89579.3000 0.0000 A Class A Common Stock 89579.3000 465249.8400 I Held by trust for Sossie K. Najarian's family Class B Common Stock Class A Common Stock 133210.0000 133210.0000 I Held as trustee for daughter Serena Class B Common Stock Class A Common Stock 133210.0000 133210.0000 I Held as trustee for son Alexander 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 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 51445.0000 51445.0000 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 On November 22, 2011, 200,000 shares of Class A Common Stock were distributed from the Ara K. Hovnanian 2010 Grantor Retained Annuity Trust to the Reporting Person's direct ownership. The Reporting Person's beneficial interest in such shares was not changed by such distribution. 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 the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest Held by a trust for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest Held by a trust for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest Held by a trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a 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. Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee 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 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 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 a trustee and has a potential remainder interest 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 ("Class A Common Stock") No expiration date On November 22, 2011 48,555 shares of Class B Common Stock were distributed from the Ara K. Hovnanian 2010 Grantor Retained Annuity Trust to the Reporting Person's direct ownership. The Reporting Person's beneficial interest in such shares was not changed by such distribution. Converts to Class B Common Stock on a one-for-one basis Payout to be made on January 1, 2012, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan Upon 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. 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") 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 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 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 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 Nancy A. Marrazzo Attorney-in-Fact 2012-01-04