HOVNANIAN SIRWART 5
5 · HOVNANIAN ENTERPRISES INC · Filed Nov 30, 2017
Insider Transaction Report
Form 5
HOVNANIAN SIRWART
10% Owner
Transactions
- Will/Inheritance
Class A Common Stock
2016-12-23+1,705,259→ 3,521,405 total
Footnotes (2)
- [F1]On December 23, 2016, the executors of the estate of Kevork S. Hovnanian transferred 1,705,259 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") to the Reporting Person pursuant to the terms of the Will of Kevork S. Hovnanian, deceased.
- [F2]Reflects annuity payments to the Reporting Person from a grantor retained annuity trust of which the Reporting Person was the sole trustee and annuitant (the "GRAT"). The GRAT terminated on October 28, 2017.