Smith Lucian T. 4
4 · HOVNANIAN ENTERPRISES INC · Filed Dec 18, 2019
Insider Transaction Report
Form 4
Smith Lucian T.
Chief Operating Officer
Transactions
- Award
Market Share Units (Performance)
2019-12-16+800→ 800 totalExp: 2022-06-09→ Class A Common Stock (800 underlying)
Footnotes (4)
- [F1]Converts to Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis
- [F2]The date of the transaction represents the date on which the financial performance criteria of previously granted Market Share Units were determined to have been satisfied
- [F3]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 on the following vesting dates: January 1, 2020, June 9, 2020, June 9, 2021 and June 9, 2022
- [F4]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 175% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period