SEC Filing | Hovnanian Enterprises, Inc.

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SEC FORM 5 SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

HOVNANIAN ARA K

(Last)

(First)

(Middle)

10 HIGHWAY 35

(Street)

RED BANK

07701

(City)

(State)

(Zip)

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)
President and CEO

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
10/31/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	12/23/2002		G⁽²⁾		750	⁽¹⁾	⁽³⁾	Class A Common Stock	750	750	931,099	D
Class B Common Stock	⁽¹⁾	12/23/2002		G⁽²⁾	750		⁽¹⁾	⁽³⁾	Class A Common Stock	750	750	26,687	I	Held by son Alexander
Class B Common Stock	⁽¹⁾	12/23/2002		G⁽²⁾		750	⁽¹⁾	⁽³⁾	Class A Common Stock	750	750	930,349	D
Class B Common Stock	⁽¹⁾	12/23/2002		G⁽²⁾	750		⁽¹⁾	⁽³⁾	Class A Common Stock	750	750	19,350	I	Held by daughter Serena
Class B Common Stock	⁽¹⁾						⁽¹⁾	⁽³⁾	Class A Common Stock	10,150		10,150	I	Held by wife
Class B Common Stock	⁽¹⁾						⁽¹⁾	⁽³⁾	Class A Common Stock	35,480		35,480	I	Held by estate of son Alton
Class B Common Stock	⁽¹⁾						⁽¹⁾	⁽³⁾	Class A Common Stock	75,000		75,000	I	Held by the Family Limited Partnership ⁽⁵⁾
Class B Common Stock	⁽¹⁾	01/09/2003		G	4,728.64		⁽¹⁾	⁽³⁾	Class A Common Stock	4,728.64	4,728.64	535,087.33	I	Held by the Limited Partnership⁽⁶⁾
Class B Common Stock	⁽¹⁾	01/09/2003		G	4,728.64		⁽¹⁾	⁽³⁾	Class A Common Stock	4,728.64	4,728.64	191,804.84	I	Held by the Limited Partnership⁽⁷⁾
Class B Common Stock	⁽¹⁾	01/09/2003		G	5,910.8		⁽¹⁾	⁽³⁾	Class A Common Stock	5,910.8	5,910.8	239,755.8	I	Held by the Limited Partnership⁽⁸⁾
Class B Common Stock	⁽¹⁾	01/09/2003		G	7,092.96		⁽¹⁾	⁽³⁾	Class A Common Stock	7,092.96	7,092.96	287,706.77	I	Held by the Limited Partnership⁽⁹⁾
Class B Common Stock	⁽¹⁾	01/09/2003		G	4,728.64		⁽¹⁾	⁽³⁾	Class A Common Stock	4,728.64	4,728.64	130,829.94	I	Held by the Limited Partnership⁽¹⁰⁾
Class B Common Stock	⁽¹⁾						⁽¹⁾	⁽³⁾	Class A Common Stock	2,000		2,000	I	Held by reporting person as trustee ⁽¹¹⁾
Class B Common Stock	⁽¹⁾						⁽¹⁾	⁽³⁾	Class A Common Stock	2,000		2,000	I	Held by reporting person as trustee⁽¹²⁾

Explanation of Responses:

1. The Class B Common Stock, par value $.01 per share, non-cumulative, is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative.

2. Represents gifts to minor children

3. No expiration date.

4. Not applicable.

5. Held by the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership")

6. Held by the Limited Partnership through the partnership interest held by the Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee

7. Held by the Limited Partnership through the partnership interest held by the Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is trustee

8. Held by the Limited Partnership through the partnership interest held by the Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is trustee

9. Held by the Limited Partnership through the partnership interest held by the Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is trustee

10. Held by the Limited Partnership through the partnership interest held by the Nadia K. Rodriquez Family 1994 Long-Term Trust, of which the reporting person is trustee

11. Held by reporting person as trustee of the Alton Hovnanian Trust

12. Held by reporting person as trustee of the Alexander Hovnanian Trust

Remarks:

	Nancy Marrazzo	12/05/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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