Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2023-06-12 00:00:00 ET · period of report 2023-06-08 · accession 0001225208-23-006747 · 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 | 2023-06-12 | 2023-06-08 | HOV | SORSBY J LARRY | EVP, CFO, Dir | M - OptEx | $0.00 | +2,808 | 116.2K | +2% | $0 |
| D | 2023-06-12 | 2023-06-08 | HOV | SORSBY J LARRY | EVP, CFO, Dir | F - Tax | $91.00 | -1,107 | 116.5K | -0.9% | -$100.7K |
| DM | 2023-06-12 | 2023-06-08 | HOV | SORSBY J LARRY | EVP, CFO, Dir | M - OptEx | $0.00 | -1,700 | 0 | -100% | $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 | 2023-06-08 | M | A | 1,404 | $0.00 | 117,571 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-06-08 | F | D | 1,107 | $91.00 | 116,464 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-06-08 | M | A | 1,404 | $0.00 | 116,167 | D | — | — | |
| 4 | Derivative | Market Share Units | 2023-06-08 | M | D | 850 | $0.00 | 0 | D | — · — to 2023-06-08 | 850 Class A Common Stock | (F4) Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019 (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 8, 2020 |
| 5 | Derivative | Market Share Units (Performance) | 2023-06-08 | M | D | 850 | $0.00 | 0 | D | — · — to 2023-06-08 | 850 Class A Common Stock | (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, 2021, June 8, 2021, June 8, 2022 and June 8, 2023. |