UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549










FORM 10-K










ANNUAL REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934



(Mark One)



| | x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ------------------------------------------------------------------------------------



For the fiscal
year ended March 31, 2016



OR



| |  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ----------------------------------------------------------------------------------------



For the transition period from 
to












333-183223-09(Commission File Number of issuing entity)

Honda Auto Receivables 2014-4 Owner
Trust

(Exact name
of issuing entity specified in its charter)Central Index Key Number of issuing entity: 0001624873



333-183223(Commission File Number of depositor)

American Honda Receivables LLC

(Exact name
of depositor as specified in its charter)Central Index Key Number of depositor: 0000890975



American Honda Finance Corporation

(Exact name
of sponsor as specified in its charter)Central Index Key Number of sponsor: 0000864270



|Delaware                                                           | 47-6527817                          
|------------------------------------------------------------------ | ------------------------------------
|(State or other jurisdiction of organizationof the issuing entity) | (I.R.S. Employer Identification No.)



|c/o American Honda Receivables LLC
        20800 Madrona Avenue
        Torrance, CA | 90503     
|------------------------------------------------------------------------------------ | ----------
|(Address of principal executive offices of the issuing entity)                       | (Zip Code)



(310) 972-2511

(Telephone number, including area code)










Securities registered pursuant to Section
12(b) of the Act: None



Securities registered pursuant to Section
12(g) of the Act: None



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.    Yes  ̈
No x



Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or Section 15(d) of the Act. Yes  ̈
No x



Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.   Yes x No  ̈



Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit
and post such files).   Yes  ̈ No  ̈



Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.   x



Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of
“large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule
12b-2 of the Exchange Act.     (Check one):



|Large Accelerated Filer  ̈ | Accelerated Filer  ̈        
|------------------------- | ---------------------------
|                          |                            
|Non-Accelerated Filer x   | Smaller Reporting Company  ̈



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).   Yes  ̈ No x



Registrant has no voting or non-voting class of common equity
outstanding and held by nonaffiliates as of the date of this report.


















PART I



The following items have been omitted in accordance with
General Instruction J to Form 10-K:



| | (a) | Item 1, Business
| | --- | ----------------

| | (b) | Item 1A, Risk Factors
| | --- | ---------------------

| | (c) | Item 2, Properties
| | --- | ------------------

| | (d) | Item 3, Legal Proceedings
| | --- | -------------------------



| | Item 1B. | Unresolved Staff Comments.
| | -------- | --------------------------



Not applicable



| | Item 4. | Mine Safety Disclosures.
| | ------- | ------------------------



Not applicable



Substitute information provided in accordance with General
Instruction J to Form 10-K:



Item 1112(b) of Regulation AB.   Significant Obligors of Pool
Assets (Financial Information).



No single obligor represents more than 10% of the pool assets
held by Honda Auto Receivables 2014-4 Owner Trust (the “Trust”).



Item 1114(b)(2) of Regulation AB.   Credit Enhancement and
Other Support, Except for Certain Derivatives Instruments (Information Regarding Significant Enhancement Providers).



No entity or group of affiliated entities provides any external
credit enhancement or other support with respect to either payment on the pool assets held by the Trust or payments on the notes
(the “Notes”) or certificates (the “Certificates”) issued by the Trust.



Item 1115(b) of Regulation AB.   Certain Derivatives Instruments
(Financial Information).



No entity or group of affiliated entities provides any derivative
instruments that are used to alter the payment characteristics of the cashflows from the Trust.



Item 1117 of Regulation AB.   Legal Proceedings.



No legal proceedings are pending, and no proceedings are known
to be contemplated by governmental authorities, against any of the following companies: American Honda Finance Corporation (the
“Sponsor”), American Honda Receivables LLC (the “Depositor”), U.S. Bank Trust National Association (the
“Owner Trustee”) or the Trust that are or would be material to holders of the Notes or the Certificates.



Citibank, N.A. (the “Indenture Trustee”) has provided
the additional information contained in the following paragraphs for purposes of compliance with Regulation AB.



“Citibank, N.A. (“Citibank”) is acting as
indenture trustee for the Honda Auto Receivables 2014-4 Owner Trust.  In the ordinary course of business, Citibank is involved
in a number of legal proceedings, including in connection with its role as trustee of certain residential mortgage-backed securities
(“RMBS”) transactions.  One such proceeding was a civil action filed against Citibank in the Supreme Court of
the State of New York on June 18, 2014 by a group of investors in 48 private-label RMBS trusts for which Citibank serves or did
serve as trustee, asserting claims for alleged violations of the Trust Indenture Act of 1939 (the “Trust Indenture Act”),
breach of contract, breach of fiduciary duty and negligence based on Citibank’s alleged failure to perform its duties as
trustee for the 48 RMBS trusts.  On November 24, 2014, plaintiffs sought leave to withdraw this action.  On the same
day, a smaller subset of similar plaintiff investors in 27 private-label RMBS trusts for which Citibank serves or did serve as
trustee, filed a new civil action against Citibank in the Southern District of New York asserting similar claims as the prior action
filed in state court. In January 2015, the court closed plaintiffs’ original state court action. Citibank’s motion
to dismiss the federal complaint was fully briefed as of May 13, 2015. On September 8, 2015, the



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federal court dismissed all claims as to 24 of the 27 trusts
and allowed certain of the claims to proceed as to the other three trusts. That case, involving the three remaining trusts, is
pending.



On November 24, 2015, the same investors that brought the federal
case brought a new civil action in the Supreme Court of the State of New York related to 25 private-label RMBS trusts for which
Citibank allegedly serves or did serve as trustee. This case includes the 24 trusts previously dismissed in the federal action,
and one additional trust. The investors assert claims for breach of contract, breach of fiduciary duty, breach of duty to avoid
conflicts of interest, and violation of New York’s Streit Act. Citibank’s motion to dismiss was fully briefed as of
April 15, 2016.



On August 19, 2015, the Federal Deposit Insurance Corporation
(“FDIC”) as Receiver for a financial institution filed a civil action against Citibank in the Southern District of
New York. This action relates to one private-label RMBS trust for which Citibank formerly served as trustee. FDIC asserts claims
for breach of contract, violation of the Streit Act, and violation of the Trust Indenture Act. Citibank briefed motion to dismiss
with two other banks, entities that have also been sued by FDIC in their capacity as trustee, and whose cases are also in front
of Judge Carter. Defendants’ joint motion to dismiss was fully briefed as of March 22, 2016.



There can be no assurances as to the outcome of litigation or
the possible impact of litigation on the trustee or the RMBS trusts.  However, Citibank denies liability and intends to vigorously
defend against the litigation.  Furthermore, neither the above-disclosed litigation nor any other pending legal proceeding
involving Citibank will materially affect Citibank’s ability to perform its duties as indenture trustee under the indenture
for the Honda Auto Receivables 2014-4 Owner Trust transaction.”



PART II



The following items have been omitted in accordance with
General Instruction J to Form 10-K:



| | (a) | Item 5, Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
| | --- | --------------------------------------------------------------------------------------------------------------------

| | (b) | Item 6, Selected Financial Data
| | --- | -------------------------------

| | (c) | Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations
| | --- | ---------------------------------------------------------------------------------------------

| | (d) | Item 7A, Quantitative and Qualitative Disclosures About Market Risk
| | --- | -------------------------------------------------------------------

| | (e) | Item 8, Financial Statements and Supplementary Data
| | --- | ---------------------------------------------------

| | (f) | Item 9, Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
| | --- | --------------------------------------------------------------------------------------------

| | (g) | Item 9A, Controls and Procedures
| | --- | --------------------------------



| | Item 9B. | Other Information.
| | -------- | ------------------



Not applicable



PART III



The following items have been omitted in accordance with
General Instruction J to Form 10-K:



| | (a) | Item 10, Directors, Executive Officers and Corporate Governance
| | --- | ---------------------------------------------------------------

| | (b) | Item 11, Executive Compensation
| | --- | -------------------------------

| | (c) | Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
| | --- | -------------------------------------------------------------------------------------------------------

| | (d) | Item 13, Certain Relationships and Related Transactions
| | --- | -------------------------------------------------------

| | (e) | Item 14, Principal Accountant Fees and Services
| | --- | -----------------------------------------------



Substitute information provided in accordance with General
Instruction J to Form 10-K:



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Item 1119 of Regulation AB.   Affiliations and Certain Relationships
and Related Transactions.



The Sponsor is the originator, as contemplated by Item 1110
of Regulation AB, of all of the pool assets owned by the Trust. The Sponsor is also the primary servicer. The Depositor is a wholly-owned
subsidiary of the Sponsor and, therefore, a wholly-owned subsidiary of the originator and the primary servicer. Through its purchase
of the Certificates, the Depositor has acquired a 100% ownership interest in the Trust; therefore, the Trust is an affiliated party
of the Depositor and, indirectly, of the Sponsor (including in its role as originator and primary servicer).



The Indenture Trustee is not affiliated with the Sponsor (including
in its role as originator and primary servicer), the Depositor, the Owner Trustee or the Trust. The Owner Trustee is not affiliated
with the Sponsor (including in its role as originator and primary servicer), the Depositor, the Indenture Trustee or the Trust.



There are no significant obligors, external enhancement or support
providers, or other material parties related to the Notes or Certificates.



In addition, there are no business relationships, agreements,
arrangements, transactions or understandings outside the ordinary course of business or on terms other than would be obtained in
an arm’s length transaction with an unrelated party, apart from the transaction involving the issuance of the Notes and Certificates
by the Trust, among the Sponsor, the Depositor or the Trust and any of the parties mentioned in this Item.



Item 1122 of Regulation AB.   Compliance with Applicable Servicing
Criteria.



The Sponsor (in its role as servicer) and the Indenture Trustee
(together, the “Servicing Parties”) have each been identified by the registrant as a party participating in the servicing
function with respect to the asset pool held by the Trust. Each of the Servicing Parties has completed a report on an assessment
of compliance with the servicing criteria applicable to it (each, a “Servicing Report”), which Servicing Reports are
attached as exhibits to this Form 10-K. In addition, each of the Servicing Parties has provided an attestation report (each, an
“Attestation Report”) by one or more registered public accounting firms, which Attestation Reports are also attached
as exhibits to this Form 10-K. Neither of the Servicing Reports prepared by the Sponsor or the Indenture Trustee, or the Attestation
Reports provided by the Sponsor or the Indenture Trustee, has identified any material instance of noncompliance with the servicing
criteria applicable to the respective Servicing Party.



Item 1123 of Regulation AB.   Servicer Compliance Statement.



The Sponsor (in its role as servicer) has been identified by
the registrant as a servicer with respect to the asset pool held by the Trust. The Sponsor has completed a statement of compliance
with applicable servicing criteria (a “Compliance Statement”), signed by an authorized officer of the Sponsor. The
Compliance Statement is attached as an exhibit to this Form 10-K.



PART IV



| | Item 15. | Exhibits and Financial Statement Schedules.
| | -------- | -------------------------------------------



| | (a)(1) | Not applicable.
| | ------ | ---------------



| | (a)(2) | Not applicable.
| | ------ | ---------------



| | (a)(3) | The exhibits filed in response to Item 601 of Regulation
S-K are listed in Item 15(b) below.
| | ------ | --------------------------------------------------------------------------------------------



| | (b) | Exhibits required by Item 601 of Regulation S-K.
| | --- | ------------------------------------------------



The exhibits listed below are either included or incorporated
by reference as indicated:



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Exhibit 3.1 – Certificate of Formation of the Depositor,
filed with the secretary of state of Delaware on March 16, 2011, incorporated by reference to Amendment No. 1 to Registration Statement
on Form S-3 (Reg. No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 3.2 – Limited Liability Company Agreement of the
Depositor, in effect since March 28, 2011, incorporated by reference to Amendment No. 1 to Registration Statement on Form S-3 (Reg.
No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 4.1 – Indenture, dated November 26, 2014, between
Honda Auto Receivables 2014-4 Owner Trust and Citibank, N.A., as indenture trustee, incorporated by reference to Exhibit 4.1 on
Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 4.2 – Amended and Restated Trust Agreement, dated
November 26, 2014, between American Honda Receivables LLC and U.S. Bank Trust National Association, as owner trustee, incorporated
by reference to Exhibit 4.2 on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 31.1 – Certification of senior officer in charge
of the servicing function of the servicer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.



Exhibit 33.1 – Report on Assessment of Compliance with
Servicing Criteria for Asset-Backed Securities of American Honda Finance Corporation.



Exhibit 33.2 – Report on Assessment of Compliance with
Servicing Criteria for Asset-Backed Securities of Citibank, N.A.



Exhibit 34.1 – Attestation Report on Compliance with Servicing
Criteria for Asset-Backed Securities of KPMG LLP, on behalf of American Honda Finance Corporation.



Exhibit 34.2 – Attestation Report on Assessment of Compliance
with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of Citibank, N.A.



Exhibit 35.1 – Servicing Compliance Statement of American
Honda Finance Corporation.



Exhibit 99.1 – Sale and Servicing Agreement, dated November
26, 2014, among Honda Auto Receivables 2014-4 Owner Trust, American Honda Receivables LLC and American Honda Finance Corporation,
incorporated by reference to Exhibit 99.1 on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 99.2 – Receivables Purchase Agreement, dated November
26, 2014, between American Honda Finance Corporation and American Honda Receivables LLC, incorporated by reference to Exhibit 99.2
on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 99.3 – Administration Agreement, dated November
26, 2014, among Honda Auto Receivables 2014-4 Owner Trust, American Honda Finance Corporation, American Honda Receivables LLC and
Citibank, N.A., as indenture trustee, incorporated by reference to Exhibit 99.3 on Form 8-K dated November 26, 2014, and filed
by the registrant on November 26, 2014.



Exhibit 99.4 – Control Agreement, dated November 26, 2014,
among American Honda Receivables LLC, Honda Auto Receivables 2014-4 Owner Trust, American Honda Finance Corporation, and Citibank,
N.A., as indenture trustee, as assignee-secured party, and as securities intermediary, incorporated by reference to Exhibit 99.4
on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



| | (c) | Not applicable.
| | --- | ---------------



- 5 -







SIGNATURES



Pursuant to the requirements of Section
13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



|                    | Honda Auto Receivables 2014-4 Owner Trust              
|------------------- | -------------------------------------------------------
|                    |                                                        
|                    | By: American
    Honda Finance Corporation, as Servicer
|                    |                                                        
|                    | By:                                                    
|                    |                                                        
|                    |                                                        
|Date: June 15, 2016 |                                                        
|                    |                                                        
|                    |                                                        



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SUPPLEMENTAL INFORMATION TO BE FURNISHED
WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION
12 OF THE ACT.



No annual report to security holders, proxy statement, form
of proxy or other proxy soliciting material has been sent to security holders or is anticipated to be furnished to security holders
subsequent to the filing of this annual report on Form 10-K.



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EXHIBIT INDEX



| | Exhibit | Description
| | ------- | -----------



Exhibit 3.1 – Certificate of Formation of the Depositor,
filed with the secretary of state of Delaware on March 16, 2011, incorporated by reference to Amendment No. 1 to Registration Statement
on Form S-3 (Reg. No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 3.2 – Limited Liability Company Agreement of the
Depositor, in effect since March 28, 2011, incorporated by reference to Amendment No. 1 to Registration Statement on Form S-3 (Reg.
No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 4.1 – Indenture, dated November 26, 2014, between
Honda Auto Receivables 2014-4 Owner Trust and Citibank, N.A., as indenture trustee, incorporated by reference to Exhibit 4.1 on
Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 4.2 – Amended and Restated Trust Agreement, dated
November 26, 2014, between American Honda Receivables LLC and U.S. Bank Trust National Association, as owner trustee, incorporated
by reference to Exhibit 4.2 on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 31.1 – Certification of senior officer in charge
of the servicing function of the servicer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.



Exhibit 33.1 – Report on Assessment of Compliance with
Servicing Criteria for Asset-Backed Securities of American Honda Finance Corporation.



Exhibit 33.2 – Report on Assessment of Compliance with
Servicing Criteria for Asset-Backed Securities of Citibank, N.A.



Exhibit 34.1 – Attestation Report on Compliance with Servicing
Criteria for Asset-Backed Securities of KPMG LLP, on behalf of American Honda Finance Corporation.



Exhibit 34.2 – Attestation Report on Assessment of Compliance
with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of Citibank, N.A.



Exhibit 35.1 – Servicing Compliance Statement of American
Honda Finance Corporation.



Exhibit 99.1 – Sale and Servicing Agreement, dated November
26, 2014, among Honda Auto Receivables 2014-4 Owner Trust, American Honda Receivables LLC and American Honda Finance Corporation,
incorporated by reference to Exhibit 99.1 on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 99.2 – Receivables Purchase Agreement, dated November
26, 2014, between American Honda Finance Corporation and American Honda Receivables LLC, incorporated by reference to Exhibit 99.2
on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



Exhibit 99.3 – Administration Agreement, dated November
26, 2014, among Honda Auto Receivables 2014-4 Owner Trust, American Honda Finance Corporation, American Honda Receivables LLC and
Citibank, N.A., as indenture trustee, incorporated by reference to Exhibit 99.3 on Form 8-K dated November 26, 2014, and filed
by the registrant on November 26, 2014.



Exhibit 99.4 – Control Agreement, dated November 26, 2014,
among American Honda Receivables LLC, Honda Auto Receivables 2014-4 Owner Trust, American Honda Finance Corporation, and Citibank,
N.A., as indenture trustee, as assignee-secured party, and as securities intermediary, incorporated by reference to Exhibit 99.4
on Form 8-K dated November 26, 2014, and filed by the registrant on November 26, 2014.



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