Statement of Changes in Beneficial Ownership (4)
January 05 2021 - 4:42PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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PAGANO VINCENT JR |
2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC
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HOV
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
90 MATAWAN ROAD, FIFTH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/1/2021 |
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(Street)
MATAWAN, NJ 07747
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Class A Common Stock | 1/1/2021 | | M | | 985.0000 | A | $0.0000 | 35056.0000 | D | |
| Class A Common Stock | 1/4/2021 | | F | | 45.0000 | D | $31.8500 | 35011.0000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Phantom Stock Units Payout 2021 | (1) | 1/1/2021 | | M | | | 985.0000 (2) | (3) | (3) | Class A Common Stock | 985.0000 (2) | $0.0000 | 0.0000 | D | |
| Phantom Stock Units Payout 2022 | (4) | 1/1/2021 | | D (5) | | | 1758.0000 (2) | (6) | (6) | Class A Common Stock | 1758.0000 (2) | $0.0000 | 0.0000 | D | |
| Phantom Stock Units Payout 2027 | (4) | 1/1/2021 | | A (5) | | 1758.0000 | | (7) | (7) | Class A Common Stock | 1758.0000 | $0.0000 | 1758.0000 | D | |
| Explanation of Responses: |
| (1) | These phantom stock units converted into Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis |
| (2) | Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019 |
| (3) | Payout to be made on January 1, 2021, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan |
| (4) | Converts to Class A Common Stock on a one-for-one basis |
| (5) | Deemed disposition and acquisition of securities in connection with change to deferral period for Phantom Stock Units |
| (6) | Payout to be made on January 1, 2022, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan |
| (7) | Payout to be made on January 1, 2027, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
PAGANO VINCENT JR
90 MATAWAN ROAD, FIFTH FLOOR
MATAWAN, NJ 07747 | X |
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Signatures
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| Nancy A. Marrazzo Attorney-in-Fact | | 1/5/2021 |
| **Signature of Reporting Person | Date |
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