Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2022-01-11 00:00:00 ET · period of report 2022-01-07 · accession 0001225208-22-000671 · 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 | 2022-01-11 | 2022-01-07 | HOV | HOVNANIAN ARA K | Pres, CEO, COB of Bd, Dir, 10% | M - OptEx | $0.00 | +78.3K | 200.6K | +64% | $0 |
| D | 2022-01-11 | 2022-01-07 | HOV | HOVNANIAN ARA K | Pres, CEO, COB of Bd, Dir, 10% | D - Sale to Iss | $112.43 | -78.3K | 122.3K | -39% | -$8.80M |
| D | 2022-01-11 | 2022-01-07 | HOV | HOVNANIAN ARA K | Pres, CEO, COB of Bd, Dir, 10% | F - Tax | $112.43 | -3,836 | 239.9K | -2% | -$431.3K |
| D | 2022-01-11 | 2022-01-07 | HOV | HOVNANIAN ARA K | Pres, CEO, COB of Bd, Dir, 10% | M - OptEx | $0.00 | -78.3K | 69.1K | -53% | $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 | 2022-01-07 | M | A | 78,300 | $0.00 | 200,618 | D | — | — | (F1) Represents the settlement of Phantom Shares in an amount of cash equal to the value of a share of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") at the time of payout, as calculated pursuant to the applicable aware agreement. |
| 2 | Common | Class A Common Stock | 2022-01-07 | D | D | 78,300 | $112.43 | 122,318 | D | — | — | |
| 3 | Derivative | Class B Common Stock | 2022-01-07 | F | D | 3,836 | $112.43 | 239,864 | D | — · — to — | 3,836 Class A Common Stock | (F12) 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") (F13) No expiration date |
| 4 | Derivative | Phantom Shares | 2022-01-07 | M | D | 78,300 | $0.00 | 69,110 | D | — · — to — | 78,300 Class A Common Stock | (F14) Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the Class A Common Stock. Following vesting, each Phantom Share will be paid in an amount of cash equal to the value of a share of Class A Common Stock at the time of payout, as calculated pursuant to the applicable award agreement. (F15) The remaining Phantom Shares vest as follows: (a) 34,556 shares vest on October 31, 2022 and (b) 34,554 shares vest on October 31, 2023 and settle in cash in the January following vesting. |