Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2022-01-05 00:00:00 ET · period of report 2021-12-02 · accession 0001225208-22-000461 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-01-05 | 2022-01-03 | HOV | SORSBY J LARRY | EVP, CFO, Dir, 10% | F - Tax | $121.10 | -1,477 | 110.4K | -1% | -$178.9K |
| DM | 2022-01-05 | 2022-01-03 | HOV | SORSBY J LARRY | EVP, CFO, Dir, 10% | M - OptEx | $0.00 | +5,100 | 109.4K | +5% | $0 |
| D | 2022-01-05 | 2021-12-02 | HOV | SORSBY J LARRY | EVP, CFO, Dir, 10% | G - Gift | $0.00 | -15.9K | 106.8K | -13% | $0 |
| DM | 2022-01-05 | 2022-01-03 | HOV | SORSBY J LARRY | EVP, CFO, Dir, 10% | M - OptEx | $0.00 | -2,550 | 8,925 | -22% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-01-03 | F | D | 1,477 | $121.10 | 110,433 | D | — | — | |
| 2 | Common | Class A Common Stock | 2022-01-03 | M | A | 2,550 | $0.00 | 111,910 | D | — | — | |
| 3 | Common | Class A Common Stock | 2022-01-03 | M | A | 2,550 | $0.00 | 109,360 | D | — | — | |
| 4 | Common | Class A Common Stock | 2021-12-02 | G | D | 15,903 | $0.00 | 106,810 | D | — | — | (F1) In connection with the long-term estate planning of the reporting person, 15,903 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), were transferred to the reporting person's spouse and the reporting person and his spouse each contributed 15,903 shares of Class A Common Stock into separate grantor retained annuity trusts, of which the reporting person and his spouse are each the respective sole trustee and sole annuitant. |
| 5 | Derivative | Market Share Units (Performance) | 2022-01-03 | M | D | 1,275 | $0.00 | 7,650 | D | — · — to 2024-06-14 | 1,275 Class A Common Stock | (F5) 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 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period. (F3) Convers to Class A Common stock on a one-for-one basis. (F4) 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, 2022, June 14, 2022, June 14, 2023, and June 14, 2024. |
| 6 | Derivative | Market Share Units (Performance) | 2022-01-03 | M | D | 1,275 | $0.00 | 8,925 | D | — · — to 2024-06-14 | 1,275 Class A Common Stock | (F5) 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 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period. (F3) Convers to Class A Common stock on a one-for-one basis. (F4) 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, 2022, June 14, 2022, June 14, 2023, and June 14, 2024. |