Smith Lucian T. 4
4 · HOVNANIAN ENTERPRISES INC · Filed Jun 18, 2019
Insider Transaction Report
Form 4
Smith Lucian T.
Chief Operating Officer
Transactions
- Award
Employee Stock Option (right to buy)
2019-06-14+30,000→ 30,000 totalExercise: $9.81Exp: 2029-06-13→ Class A Common Stock (30,000 underlying) - Award
Market Share Units
2019-06-14+10,200→ 10,200 totalExp: 2024-06-14→ Class A Common Stock (10,200 underlying)
Footnotes (5)
- [F1]The option vests in four equal annual installments beginning on June 14, 2021
- [F2]N/A
- [F3]Converts to Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis
- [F4]The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 14, 2021
- [F5]The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period