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 *
Executors of the Estate of Kevork S. Hovnanian, Deceased
   2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [HOV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O LAURA M. TWOMEY, SIMPSON THACHER, & BARTLETT LLP, 425 LEXINGTON AVE		 3. Date of Earliest Transaction (Month/Day/Year)
12/18/2012
(Street)

NEW YORK, NY 10017		 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)
Code V Amount (A) or (D) Price
Class A Common Stock 12/18/2012   W V 970,849 D $ 0 0 I By LLC (1)
Class A Common Stock               6,156,543 (1) D  

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (2) 12/18/2012   W V   3,883,395   (2)   (3) Class A Common Stock 3,883,395 $ 0 0 I By LLC (1)
Class B Common Stock (2)               (2)   (3) Class A Common Stock 3,255,251   3,255,251 (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Executors of the Estate of Kevork S. Hovnanian, Deceased
C/O LAURA M. TWOMEY, SIMPSON THACHER
& BARTLETT LLP, 425 LEXINGTON AVE
NEW YORK, NY 10017		     X    

Signatures

 /s/ Sirwart Hovnanian, Sirwart Hovnanian, Executrix of the Estate of Kevork S. Hovnanian, Deceased   12/27/2012
**Signature of Reporting Person Date
 /s/ Ara K. Hovnanian, Ara K. Hovnanian, Executor of the Estate of Kevork S. Hovnanian, Deceased   12/27/2012
**Signature of Reporting Person Date
 /s/ Sossie K. Najarian, Sossie K. Najarian, Executrix of the Estate of Kevork S. Hovnanian, Deceased   12/27/2012
**Signature of Reporting Person Date
 /s/ Esto K. Barry, Esto K. Barry, Executrix of the Estate of Kevork S. Hovnanian, Deceased   12/27/2012
**Signature of Reporting Person Date
 /s/ Lucy K. Kalian, Lucy K. Kalian, Executrix of the Estate of Kevork S. Hovnanian, Deceased   12/27/2012
**Signature of Reporting Person Date
 /s/ Nadia K. Rodriguez, Nadia K. Rodriguez, Executrix of the Estate of Kevork S. Hovnanian, Deceased   12/27/2012
**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) On December 18, 2012, the Reporting Person contributed 970,849 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), and 3,883,395 shares of Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), to a limited liability company in exchange for all of the limited liability company interests. The Reporting Person's beneficial interest in such shares was not changed by such contribution. Following such contribution, the Reporting Person transferred all of the limited liability company interests pursuant to the Will of Kevork S. Hovnanian, deceased.
(2) The Class B Common Stock is immediately converted into an equal number of shares of Class A Common Stock.
(3) No expiration date.

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