FORM 4 |
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 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). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [ HOV ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/24/2006 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 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 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 | ||||||
Class A Common Stock | 03/24/2006 | S | 6,400 | D | $45.8 | 193,600 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 8,300 | D | $45.81 | 185,300 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 13,600 | D | $45.82 | 171,700 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 2,000 | D | $45.83 | 169,700 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 13,000 | D | $45.84 | 156,700 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 22,700 | D | $45.85 | 134,000 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 6,300 | D | $45.86 | 127,700 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 2,000 | D | $45.88 | 125,700 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 2,300 | D | $45.89 | 123,400 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 4,700 | D | $45.9 | 118,700 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 3,900 | D | $45.91 | 114,800 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 7,000 | D | $45.92 | 107,800 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 200 | D | $45.93 | 107,600 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 700 | D | $46 | 106,900 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 1,700 | D | $46.01 | 105,200 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 4,300 | D | $46.02 | 100,900 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 700 | D | $46.03 | 100,200 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 200 | D | $46.04 | 100,000 | I | Held by the DeCesaris Family LLC #1(1) | ||
Class A Common Stock | 03/24/2006 | S | 334 | D | $45.15 | 19,666 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 377 | D | $45.16 | 19,289 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 291 | D | $45.19 | 18,998 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 376 | D | $45.2 | 18,622 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 41 | D | $45.21 | 18,581 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 209 | D | $45.24 | 18,372 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 84 | D | $45.25 | 18,288 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 376 | D | $45.27 | 17,912 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 209 | D | $45.29 | 17,703 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 291 | D | $45.3 | 17,412 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 1,379 | D | $45.34 | 16,033 | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2) | ||
Class A Common Stock | 03/24/2006 | S | 16,033(3) | D | $45.8145 | 0(4)(5) | I | Held by the Geaton A. DeCesaris, Jr. Charitable Remainder UniTrust(2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. The Reporting Person disclaims beneficial ownership of these shares held by the family LLC except to the extent of his pecuniary interest therein |
2. The Reporting Person is trustee and beneficiary of the Geaton A. DeCesaris Charitable Remainder Unitrust; the Reporting Person continues to report beneficial ownership of all of the Class A Common Stock held by the unitrust but disclaims beneficial ownership except to the extent of his pecuniary interest therein |
3. 16,033 consists of the following trades: 752@$45.35; 753@45.36; 378@45.37; 167@45.39; 125@45.40; 752@45.48; 168@45.50; 418@45.51; 530@45.55; 167@45.56; 625@45.57; 167@45.58; 126@45.59; 125@45.60; 125@45.61; 126@45.62; 251@45.63; 167@45.64; 252@45.65; 125@45.68; 250@45.70; 209@45.71; 167@45.72; 209@45.74; 210@45.75; 125@45.81; 293@45.82; 208@45.85; 125@45.87; 125@45.90; 209@45.91; 710@45.93; 292@45.95; 209@45.96; 167@45.97; 836@46.00; 42@46.04; 417@46.08; 209@46.09; 543@46.10; 670@46.11; 418@46.12; 292@46.13; 251@46.14; 1129@46.15; 209@46.16; 167@46.17; 250@46.18; 291@46.19; 375@46.21; 127@46.22; |
4. In addition, the Reporting Person holds directly 162,101 shares of Class A Common Stock and indirectly (i) 289,566 shares of Class A Common Stock, which are held by the DeCesaris Family LLC #3 for which he disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein, (ii) 21,458 shares of Class A Common stock which are held by Five Queens, Inc., a subchapter S corporation owned by the Reporting Person's children and of which he is the President |
5. In addition, 183,826 shares previously reported as directly owned and 105,740 shares previously reported as indirectly held by The Geaton and Josephine DeCesaris Family Trust were transferred to DeCesaris Family LLC #3. |
Remarks: |
Nancy A. Marrazzo Attorney-in-Fact | 03/28/2006 | |
** 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. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |