HOVNANIAN ENTERPRISES INC — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOVNANIAN ENTERPRISES INC (HOV)
CIK: 0000357294
Period of Report: 2021-01-01

Reporting Person: PAGANO VINCENT JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-01	Class A Common Stock	M	985.0000	$0.0000	Acquired	35056.0000	Direct
2021-01-04	Class A Common Stock	F	45.0000	$31.8500	Disposed	35011.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-01	Phantom Stock Units Payout 2021	$	M	985.0000	Disposed		Class A Common Stock (985.0000)	Direct
2021-01-01	Phantom Stock Units Payout 2022	$	D	1758.0000	Disposed		Class A Common Stock (1758.0000)	Direct
2021-01-01	Phantom Stock Units Payout 2027	$	A	1758.0000	Acquired		Class A Common Stock (1758.0000)	Direct

Footnotes

F1: These phantom stock units converted into Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis

F2: 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: Payout to be made on January 1, 2021, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan

F4: Converts to Class A Common Stock on a one-for-one basis

F5: Deemed disposition and acquisition of securities in connection with change to deferral period for Phantom Stock Units

F6: Payout to be made on January 1, 2022, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan

F7: Payout to be made on January 1, 2027, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan