Filing Details
- Accession Number:
- 0001225208-23-011138
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-14 18:38:06
- Reporting Period:
- 2023-12-12
- Accepted Time:
- 2023-12-14 18:38:06
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 357294 | Hovnanian Enterprises Inc | HOV | Operative Builders (1531) | 221851059 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 938549 | K Ara Hovnanian | C/O Hovnanian Enterprises, Inc. 90 Matawan Road Matawan NJ 07747 | Chairman Of Bd., Pres. & Ceo | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2023-12-12 | 2,359 | $141.84 | 17,842 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2023-12-12 | 3,462 | $141.08 | 14,380 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2023-12-12 | 14,380 | $139.71 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | Acquisiton | 2023-12-13 | 59,005 | $0.00 | 59,005 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 350,375 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 63,515 | Indirect | Held as trustee of trusts for Esther K. Barry's family |
| Class A Common Stock | 51,075 | Indirect | Held as trustee of trusts for Lucy K. Kalian's family |
| Class A Common Stock | 63,505 | Indirect | Held as trustee of trusts for Nadia K. Rodriguez's family |
| Class A Common Stock | 62,475 | Indirect | Held as trustee of trusts for Sossie K. Najarian's family |
| Class A Common Stock | 3,564 | Indirect | Held by trusts for Esther K. Barry's family |
| Class A Common Stock | 4,133 | Indirect | Held by trusts for Lucy K. Kalian's family |
| Class A Common Stock | 720 | Indirect | Held by trusts for Nadia K. Rodriguez's family |
| Class A Common Stock | 720 | Indirect | Held by trusts for Sossie K. Najarian's family |
| Class A Common Stock | 668 | Indirect | Held by wife |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | $0.00 | 5,328 | 5,328 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 5,328 | 5,328 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 160 | 160 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 160 | 160 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 157,435 | 157,435 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 25,281 | 25,281 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 25,281 | 25,281 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 25,281 | 25,281 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 25,281 | 25,281 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 50,508 | 50,508 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 5,125 | 5,125 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 38,737 | 38,737 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 42,035 | 42,035 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 38,778 | 38,778 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 22,849 | 22,849 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 33,256 | 33,256 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 812 | 812 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 5,328 | 5,328 | Indirect | |
| 5,328 | 5,328 | Indirect | |
| 160 | 160 | Indirect | |
| 160 | 160 | Indirect | |
| 157,435 | 157,435 | Indirect | |
| 25,281 | 25,281 | Indirect | |
| 25,281 | 25,281 | Indirect | |
| 25,281 | 25,281 | Indirect | |
| 25,281 | 25,281 | Indirect | |
| 50,508 | 50,508 | Indirect | |
| 5,125 | 5,125 | Indirect | |
| 38,737 | 38,737 | Indirect | |
| 42,035 | 42,035 | Indirect | |
| 38,778 | 38,778 | Indirect | |
| 22,849 | 22,849 | Indirect | |
| 33,256 | 33,256 | Indirect | |
| 812 | 812 | Indirect |
Footnotes
- Represents the weighted average sales price for price increments ranging from $141.565 to $142.535. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- Represents the weighted average sales price for price increments ranging from $140.55 to $141.55. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- Represents the weighted average sales price for price increments ranging from $139.50 to $140.48. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- 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 trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the Hovnanian Family 2012 LLC (the "2012 LLC").
- Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- Held by trusts for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- 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. Rodriguez 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 convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
- The date of the transaction represents the date on which the financial performance criteria of a previously granted long-term incentive plan ("LTIP") award were determined to have been satisfied.
- The LTIP award vests as follows: (a) 35,405 shares vest on October 31, 2023, (b) 11,803 shares vest on October 31, 2024, and (c) 11,797 shares vest on October 31, 2025, which shares shall be delivered two years after the respective vesting dates.
- No expiration date
- Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
- Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- Held by 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, through a limited liability company interest in the 2012 LLC
- Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
- Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
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