HOVNANIAN ENTERPRISES INC 4

4 · HOVNANIAN ENTERPRISES INC · Filed Nov 5, 2007

Form 4

Period: 2007-11-01

Sr VP Finance & Treasurer

Transactions

Exercise/Conversion
Class A Common Stock
2007-11-01+1,058→ 3,823 total
Exercise/Conversion
Phantom Stock Units 2004
2007-11-01−321→ 1,280 total
Exercise: $0.00→ Class A Common Stock (321 underlying)
Tax Payment
Class A Common Stock
2007-11-01$10.45/sh−363$3,793→ 3,460 total
Exercise/Conversion
Phantom Stock Units 2005
2007-11-01−273→ 1,635 total
Exercise: $0.00→ Class A Common Stock (273 underlying)
Exercise/Conversion
Phantom Stock Units 2003
2007-11-01−464→ 928 total
Exercise: $0.00→ Class A Common Stock (464 underlying)

Footnotes (5)

[F1]N/A
[F2]Converts to Class A Common Stock on a one-for-one basis
[F3]The stock units vest in 25% increments beginning on November 1, 2004. The reporting person has already elected to defer 50% of such distributions with respect to the portion of each Phantom Stock Unit vesting on November 1, 2007. Payout of such deferred amounts will be made on January 1, 2010 or upon occurrence of certain other events set forth under the terms of the Deferred Compensation Plan.
[F4]The stock units vest in 25% increments beginning on November 1, 2005. The reporting person has already elected to defer 50% of such distributions with respect to the portion of each Phantom Stock Unit vesting on November 1, 2007. Payout of such deferred amounts will be made on January 1, 2010 or upon occurrence of certain other events set forth under the terms of the Deferred Compensation Plan.
[F5]The stock units vest in 25% increments beginning on November 1, 2006. The reporting person has already elected to defer 50% of such distributions with respect to the portion of each Phantom Stock Unit vesting on November 1, 2007. Payout of such deferred amounts will be made on January 1, 2010 or upon occurrence of certain other events set forth under the terms of the Deferred Compensation Plan.

Documents

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