HOVNANIAN ENTERPRISES INC 4
4 · HOVNANIAN ENTERPRISES INC · Filed Jun 16, 2015
Insider Transaction Report
Form 4
Pellerito Thomas J.
Chief Operating Officer
Transactions
- Award
Market Share Units
2015-06-12+40,000→ 40,000 totalExp: 2020-06-12→ Class A Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Converts to Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis
- [F2]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 12, 2017
- [F3]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 175% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period