Hovnanian Shant S 4
4 · SPEEDUS CORP · Filed Sep 21, 2009
Insider Transaction Report
Form 4
SPEEDUS CORPSPDE
Hovnanian Shant S
DirectorChairman10% Owner
Transactions
- Sale
Common Stock
2009-09-17$7.74/sh−5,000$38,700→ 15,124 total(indirect: See Footnote)
Holdings
- 17,797(indirect: See Footnote)
Common Stock
- 489,158
Common Stock
- 390,000(indirect: See Footnote)
Common Stock
- 34,375(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]The shares are held by an IRA established for the benefit of the reporting person.
- [F2]The shares were donated as gifts to and held in equal portions by (i) the Vahak W. Hovnanian Asset Trust, (ii) the Paris J. Hovnanian Asset Trust and (iii) the Charentz J. Hovnanian Asset Trust (collectively, the "Trusts"), which were established for the benefit of the reporting person's minor children. Pursuant to Rule 16a-1(a)(2)(ii)(A), the reporting person may be deemed to have an indirect beneficial ownership in the shares owned by the Trusts due to the fact that his wife is the trustee of the Trusts.
- [F3]The shares are held by a corporation wholly-owned by the reporting person.
- [F4]The shares were donated as gifts to trusts established for the benefit of the reporting person's minor children for which the reporting person, as custodian, has sole voting power.