Edgar Filing: HOVNANIAN ENTERPRISES INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

DECESARIS GEATON A JR

2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [HOV]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

10 HIGHWAY 35

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2006

(Street)

RED BANK, NJ 07701

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/24/2006		S		6,400	D	$ 45.8	193,600	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		8,300	D	$ 45.81	185,300	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		13,600	D	$ 45.82	171,700	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		2,000	D	$ 45.83	169,700	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		13,000	D	$ 45.84	156,700	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		22,700	D	$ 45.85	134,000	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		6,300	D	$ 45.86	127,700	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		2,000	D	$ 45.88	125,700	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		2,300	D	$ 45.89	123,400	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		4,700	D	$ 45.9	118,700	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		3,900	D	$ 45.91	114,800	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		7,000	D	$ 45.92	107,800	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		200	D	$ 45.93	107,600	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		700	D	$ 46	106,900	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		1,700	D	$ 46.01	105,200	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		4,300	D	$ 46.02	100,900	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		700	D	$ 46.03	100,200	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		200	D	$ 46.04	100,000	I	Held by the DeCesaris Family LLC #1 ⁽¹⁾
Class A Common Stock	03/24/2006		S		334	D	$ 45.15	19,666	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		377	D	$ 45.16	19,289	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		291	D	$ 45.19	18,998	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		376	D	$ 45.2	18,622	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		41	D	$ 45.21	18,581	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		209	D	$ 45.24	18,372	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		84	D	$ 45.25	18,288	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		376	D	$ 45.27	17,912	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		209	D	$ 45.29	17,703	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		291	D	$ 45.3	17,412	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		1,379	D	$ 45.34	16,033	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust ⁽²⁾
Class A Common Stock	03/24/2006		S		16,033 ⁽³⁾	D	$ 45.8145	0 ⁽⁴⁾ ⁽⁵⁾	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder UniTrust ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DECESARIS GEATON A JR 10 HIGHWAY 35 RED BANK, NJ 07701	X

Signatures

Nancy A. Marrazzo Attorney-in-Fact		03/28/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Reporting Person disclaims beneficial ownership of these shares held by the family LLC except to the extent of his pecuniary interest therein
(2)	The Reporting Person is trustee and beneficiary of the Geaton A. DeCesaris Charitable Remainder Unitrust; the Reporting Person continues to report beneficial ownership of all of the Class A Common Stock held by the unitrust but disclaims beneficial ownership except to the extent of his pecuniary interest therein
(3)	16,033 consists of the following trades: 752@$45.35; 753@45.36; 378@45.37; 167@45.39; 125@45.40; 752@45.48; 168@45.50; 418@45.51; 530@45.55; 167@45.56; 625@45.57; 167@45.58; 126@45.59; 125@45.60; 125@45.61; 126@45.62; 251@45.63; 167@45.64; 252@45.65; 125@45.68; 250@45.70; 209@45.71; 167@45.72; 209@45.74; 210@45.75; 125@45.81; 293@45.82; 208@45.85; 125@45.87; 125@45.90; 209@45.91; 710@45.93; 292@45.95; 209@45.96; 167@45.97; 836@46.00; 42@46.04; 417@46.08; 209@46.09; 543@46.10; 670@46.11; 418@46.12; 292@46.13; 251@46.14; 1129@46.15; 209@46.16; 167@46.17; 250@46.18; 291@46.19; 375@46.21; 127@46.22;
(4)	In addition, the Reporting Person holds directly 162,101 shares of Class A Common Stock and indirectly (i) 289,566 shares of Class A Common Stock, which are held by the DeCesaris Family LLC #3 for which he disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein, (ii) 21,458 shares of Class A Common stock which are held by Five Queens, Inc., a subchapter S corporation owned by the Reporting Person's children and of which he is the President
(5)	In addition, 183,826 shares previously reported as directly owned and 105,740 shares previously reported as indirectly held by The Geaton and Josephine DeCesaris Family Trust were transferred to DeCesaris Family LLC #3.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.