<SEC-DOCUMENT>0001225208-22-007986.txt : 20220610
<SEC-HEADER>0001225208-22-007986.hdr.sgml : 20220610
<ACCEPTANCE-DATETIME>20220610202359
ACCESSION NUMBER:		0001225208-22-007986
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220608
FILED AS OF DATE:		20220610
DATE AS OF CHANGE:		20220610

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SORSBY J LARRY
		CENTRAL INDEX KEY:			0001211054

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08551
		FILM NUMBER:		221010463

	MAIL ADDRESS:	
		STREET 1:		90 MATAWAN ROAD, FIFTH FLOOR
		CITY:			MATAWAN
		STATE:			NJ
		ZIP:			07747

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOVNANIAN ENTERPRISES INC
		CENTRAL INDEX KEY:			0000357294
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				221851059
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	BUSINESS ADDRESS:	
		STREET 1:		90 MATAWAN ROAD, 5TH FLOOR
		CITY:			MATAWAN
		STATE:			NJ
		ZIP:			07747
		BUSINESS PHONE:		7327477800

	MAIL ADDRESS:	
		STREET 1:		90 MATAWAN ROAD, 5TH FLOOR
		CITY:			MATAWAN
		STATE:			NJ
		ZIP:			07747
</SEC-HEADER>
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<SEQUENCE>1
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            <rptOwnerName>SORSBY J LARRY</rptOwnerName>
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            <rptOwnerStreet1>C/O HOVNANIAN ENTERPRISES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>90 MATAWAN ROAD</rptOwnerStreet2>
            <rptOwnerCity>MATAWAN</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07747</rptOwnerZipCode>
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            <isOfficer>1</isOfficer>
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    <footnotes>
        <footnote id="F1">On June 8, 2022, 850 Market Share Units vested and converted into 862 shares of Class A Common Stock, par value $.01 per share, non-cumulative (&quot;Class A Common Stock&quot;), pursuant to the terms of the award granted on June 8, 2018</footnote>
        <footnote id="F2">On June 8, 2022, 850 Market Share Units vested and converted into 862 shares of Class A Common Stock pursuant to the terms of the award granted on June 8, 2018 that was subject to additional performance criteria that was determined to have been satisfied on December 15, 2020</footnote>
        <footnote id="F3">On June 9, 2022, 850 Market Share Units vested and converted into 708 shares of Class A Common Stock, par value $.01 per share, non-cumulative (&quot;Class A Common Stock&quot;), pursuant to the terms of the award granted on June 9, 2017</footnote>
        <footnote id="F4">On June 9, 2022, 425 Market Share Units vested and converted into 354 shares of Class A Common Stock pursuant to the terms of the award granted on June 9, 2017 that was subject to additional performance criteria that was determined to have been satisfied on December 16, 2019</footnote>
        <footnote id="F5">Converts to Class A Common stock on a one-for-one basis.</footnote>
        <footnote id="F6">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</footnote>
        <footnote id="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 beginning on June 8, 2020</footnote>
        <footnote id="F8">On June 8, 2022, 850 Market Share Units vested and converted into 862 shares of Class A Common Stock pursuant to the terms of the award granted on June 8, 2018. 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.</footnote>
        <footnote id="F9">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.  This amount also reflects the forfeiture of Market Share Units, without any vesting, that occurred in previous years pursuant to the terms of the award.</footnote>
        <footnote id="F10">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</footnote>
        <footnote id="F11">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.</footnote>
        <footnote id="F12">Converts to Class A Common Stock on a one-for-one basis</footnote>
        <footnote id="F13">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 9, 2019</footnote>
        <footnote id="F14">On June 9, 2022, 850 Market Share Units vested and converted into 708 shares of Class A Common Stock pursuant to the terms of the award granted on June 9, 2017. 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.</footnote>
        <footnote id="F15">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, 2020, June 9, 2020, June 9, 2021 and June 9, 2022</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Elizabeth D. Tice Attorney-in-Fact</signatureName>
        <signatureDate>2022-06-10</signatureDate>
    </ownerSignature>
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</SEC-DOCUMENT>
