AI assistant
LENNAR CORP /NEW/ — Director's Dealing 2010
Dec 2, 2010
30122_dirs_2010-12-02_34b1c780-6382-4657-a1cd-739f42349aee.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2010-11-30
Reporting Person: JAFFE JONATHAN M (Vice President/COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-30 | Class A Common Stock | A | 250000 | $0.00 | Acquired | 487500 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 618779 | Indirect |
| Class B Common Stock | 50505 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $18.32 | 2011-03-06 | Class A Common Stock (20000) | 20000 | Direct |
| Stock Option (Right to Buy) | $26.32 | 2012-01-25 | Class A Common Stock (4000) | 4000 | Direct |
| Stock Option (Right to Buy) | $62.675 | 2011-01-05 | Class A Common Stock (100000) | 100000 | Direct |
| Stock Option (Right to Buy) | $13.54 | 2013-07-23 | Class A Common Stock (500000) | 500000 | Direct |
| Stock Option (Right to Acquire) | $0.00 | 2011-03-06 | Class B Common Stock (2000) | 2000 | Direct |
| Stock Option (Right to Acquire) | $0.00 | 2012-01-25 | Class B Common Stock (400) | 400 | Direct |
Footnotes
F1: 25% of the restricted shares granted on 11/30/10 vested on 11/30/10 and the remaining shares vest, subject to forfeiture in the event of failure to achieve performance goals established in connection with the grant, in equal intervals on each of the first three anniversaries of the grant date.
F2: 616,238 shares are held in a family trust. 106,088 shares were held through a financial intermediary and reported on previous filings, and were transferred to the family trust on July 12, 2010. 2,516 shares are held through an ESOP trust and 25 shares are owned by Mr. Jaffe's son of which Mr. Jaffe disclaims beneficial ownership.
F3: 50,250 shares are held in a family trust. 1,500 shares were held through a financial intermediary and reported on previous filings and were transferred to the family trust on July 12, 2010. 255 shares are held through an ESOP trust.
F4: These stock options become exercisable in installments of 25% on each of the first four anniversaries of the grant date.
F5: Represents shares of Class B Common Stock to be issued upon the exercise of certain options to purchase Class A Common Stock.