Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2022-06-16 00:00:00 ET · period of report 2022-06-14 · accession 0001225208-22-008179 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-06-16 | 2022-06-14 | HOV | SORSBY J LARRY | EVP, CFO, Dir | M - OptEx | $0.00 | +10.2K | 121.4K | +9% | $0 |
| D | 2022-06-16 | 2022-06-14 | HOV | SORSBY J LARRY | EVP, CFO, Dir | F - Tax | $45.81 | -4,015 | 117.4K | -3% | -$183.9K |
| DM | 2022-06-16 | 2022-06-14 | HOV | SORSBY J LARRY | EVP, CFO, Dir | M - OptEx | $0.00 | -5,100 | 5,100 | -50% | $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 | 2022-06-14 | M | A | 5,100 | $0.00 | 116,310 | D | — | — | |
| 2 | Common | Class A Common Stock | 2022-06-14 | M | A | 5,100 | $0.00 | 121,410 | D | — | — | |
| 3 | Common | Class A Common Stock | 2022-06-14 | F | D | 4,015 | $45.81 | 117,395 | D | — | — | |
| 4 | Derivative | Market Share Units (Performance) | 2022-06-14 | M | D | 2,550 | $0.00 | 5,100 | D | — · — to 2024-06-14 | 2,550 Class A Common Stock | (F4) 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) Converts to Class A Common stock on a one-for-one basis. (F7) 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. |
| 5 | Derivative | Market Share Units | 2022-06-14 | M | D | 2,550 | $0.00 | 5,100 | D | — · — to 2024-06-14 | 2,550 Class A Common Stock | (F4) 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) Converts to Class A Common stock on a one-for-one basis. (F5) 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 beginning on June 14, 2021 |