Sec Form 4 Filing - HOVNANIAN ARA K @ HOVNANIAN ENTERPRISES INC - 2021-08-31

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
HOVNANIAN ARA K
2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [ HOV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of Bd., Pres. & CEO
(Last) (First) (Middle)
90 MATAWAN ROAD, FIFTH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
08/31/2021
(Street)
MATAWAN, NJ07747
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Class B Common Stock ( 1 ) 08/31/2021( 2 ) A 190,000 ( 3 ) ( 4 ) ( 5 ) Class A Common Stock 190,000 $ 0 308,910 D
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 5,328.4 5,328.4 I Held as trustee for daughter Serena
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 5,328.4 5,328.4 I Held as trustee for son Alexander
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 160 160 I Held as trustee of the Alexander Hovnanian Trust
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 160 160 I Held as trustee of the Alton Hovnanian Trust
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 163,220.16 163,220.16 I Held as trustee of trust for Reporting Person's family ( 6 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 31,067.16 31,067.16 ( 7 ) I Held as trustee of trusts for Esther K. Barry's family ( 8 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 31,067.16 31,067.16 ( 7 ) I Held as trustee of trusts for Lucy K. Kalian's family ( 9 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 31,067.16 31,067.16 ( 7 ) I Held as trustee of trusts for Nadia K. Rodriguez's family ( 10 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 31,067.16 31,067.16 ( 7 ) I Held as trustee of trusts for Sossie K. Najarian's family ( 11 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 56,786.4536 56,786.4536 I Held by Ara K. Hovnanian Family 1994 long-term trusts ( 12 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 5,125.28 5,125.28 I Held by Reporting Person through partnership interests in the Limited Partnership.
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 38,736.694 38,736.694 ( 7 ) I Held by trusts fo r Esther K. Barry's family ( 13 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 42,034.92 42,034.92 ( 7 ) I Held by trusts for Kevork S. Hovnanian's family ( 14 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 38,777.8564 38,777.8564 ( 7 ) I Held by trusts for Lucy K. Kalian's family ( 15 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 22,849.1972 22,849.1972 ( 7 ) I Held by trusts for Nadia K. Rodriguez's family ( 16 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 33,256.3364 33,256.3364 ( 7 ) I Held by trusts for Sossie K. Najarian's family ( 17 )
Class B Common Stock ( 1 ) ( 1 ) ( 5 ) Class A Common Stock 812 812 I Held by wife
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HOVNANIAN ARA K
90 MATAWAN ROAD, FIFTH FLOOR
MATAWAN, NJ07747
X X Chairman of Bd., Pres. & CEO
Signatures
Elizabeth D. Tice Attorney-in-Fact 09/01/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
( 2 )The date of the transaction represents the date on which the financial performance criteria of a previously granted performance share unit award were determined to have been satisfied.
( 3 )Represents the number of shares determined to have been earned under the performance share unit award.
( 4 )The earned portion of the performance share unit award vests 25% on each of June 12, 2022, 2023, 2024 and 2025 and will be delivered in shares of Class B Common Stock on the date that is two years following each respective vesting date, subject to earlier vesting and delivery upon the occurrence of certain qualified termination events.
( 5 )No expiration date
( 6 )Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
( 7 )The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
( 8 )Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
( 9 )Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
( 10 )Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
( 11 )Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC
( 12 )Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership")
( 13 )Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
( 14 )Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
( 15 )Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
( 16 )Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
( 17 )Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership

Remarks:
arakhovnanianpoa08242021.txt

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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