LENNAR CORP /NEW/ — Director's Dealing 2010

Feb 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2010-01-28

Reporting Person: SUSTANA MARK (General Counsel/Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-28	Class A Common Stock	F	2985	$15.39	Disposed	85986	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$56.905	2010-03-31	Class A Common Stock (25000)	25000	Direct
Stock Option (Right to Buy)	$62.675	2011-01-05	Class A Common Stock (30000)	30000	Direct
Stock Option (Right to Buy)	$13.54	2013-07-23	Class A Common Stock (30000)	30000	Direct

Footnotes

F1: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan.

F2: These stock options become exercisable in installments of 25% on each of the first four anniversaries of the grant date.