4//SEC Filing
HOVNANIAN ENTERPRISES INC 4
Accession 0001225208-07-008385
$HOVCIK 0000357294operating
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 7:53 PM ET
Size
15.5 KB
Accession
0001225208-07-008385
Insider Transaction Report
Form 4
HOVNANIAN KEVORK S
DirectorChairman of the Board10% Owner
Transactions
- Gift
Class B Common Stock
2007-03-09−23,576.2→ 27,476.54 total(indirect: By Partnership)Exercise: $0.00→ Class A Common Stock (23,576.2 underlying) - Disposition to Issuer
Class A Common Stock
2007-09-13−395,873→ 7,040,710 total - Award
Class B Common Stock
2007-09-13+395,873→ 4,966,228 totalExercise: $0.00→ Class A Common Stock (395,873 underlying)
Holdings
- 1,000,000(indirect: By Trust)
Class A Common Stock
- 1,000,000(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (1,000,000 underlying) - 2,504,521.6(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (2,504,521.6 underlying) - 190,000(indirect: By Spouse)
Class A Common Stock
Footnotes (7)
- [F1]On September 13, 2007, in transactions approved in accordance with Rule 16b-3 under the Securities Exchange Act of 1934, as amended, the Issuer (i) exchanged 395,873 shares of Class B Common Stock held by Ara K. Hovnanian for an equal number of shares of Class A Common Stock and (ii) immediately thereafter exchanged the 395,873 shares of Class B Common Stock received from Ara K. Hovnanian for an equal number of shares of Class A Common Stock held by the Reporting Person. The aggregate Hovnanian family holdings of shares, both of Class A Common Stock and Class B Common Stock, remain unchanged by such exchanges.
- [F2]On September 25, 2006, the Reporting Person transferred 1,000,000 shares of Class B Common Stock from his direct ownership to the Kevork S. Hovnanian 2006 Grantor Retained Annuity Trust. The Reporting Person's beneficial interest in such shares was not changed by such transfer.
- [F3]The Class B Common Stock, par value $.01 per share, non-cumulative, is immediately converted into an equal number of shares of Class A Common Stock, per value $.01 per share, non-cumulative
- [F4]No expiration date
- [F5]N/A
- [F6]On November 27, 2006, partnership interests in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") representing 40,000 shares of Class B Common Stock were distributed to the Reporting Person's Spouse by the Marital Trust. The Reporting Person's Spouse's beneficial interest in such shares was not changed by such distribution
- [F7]Held by the Marital Trust, including shares held through partnership interests the Limited Partnership
Documents
Issuer
HOVNANIAN ENTERPRISES INC
CIK 0000357294
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000357294
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 7:53 PM ET
- Size
- 15.5 KB