LENNAR CORP /NEW/ — Director's Dealing 2010

Apr 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2010-04-14

Reporting Person: HUDSON SHERRILL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-14	Class A Common Stock	A	2000	$0.00	Acquired	16000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-14	Stock Option (Right to Buy	$18.28	A	2500	Acquired	2013-04-14	Class A Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$13.91	2011-01-17	Class A Common Stock (2500)	2500	Direct
Stock Option (Right to Buy)	$20.00	2011-04-08	Class A Common Stock (2500)	2500	Direct
Stock Option (Right to Buy)	$8.69	2012-04-15	Class A Common Stock (2500)	2500	Direct

Footnotes

F1: Shares issued in accordance with the Issuer's outside directors' compensation program. Shares are fully vested and fifty percent (50%) of the shares are subject to a two-year minimum holding period from the date of issuance.