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LENNAR CORP /NEW/ — Director's Dealing 2010
Dec 2, 2010
30122_dirs_2010-12-02_0af43018-dea0-4e73-a016-7fed2bf5e9df.zip
Director's Dealing
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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: GROSS BRUCE E (Vice President/CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-30 | Class A Common Stock | A | 75000 | $0.00 | Acquired | 451428 | Direct |
| 2010-11-30 | Class A Common Stock | F | 10452 | $15.19 | Disposed | 440976 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 5211 | Indirect |
| Class B Common Stock | 10000 | Indirect |
| Class B Common Stock | 10000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $18.32 | 2011-03-06 | Class A Common Stock (11498) | 11498 | Direct |
| Stock Option (Right to Buy) | $26.32 | 2012-01-25 | Class A Common Stock (18000) | 18000 | Direct |
| Stock Option (Right to Buy) | $62.675 | 2011-01-05 | Class A Common Stock (50000) | 50000 | Direct |
| Stock Option (Right to Buy) | $13.54 | 2013-07-23 | Class A Common Stock (250000) | 250000 | Direct |
| Stock Option (Right to Acquire) | $0.00 | 2011-03-06 | Class B Common Stock (1149) | 1149 | Direct |
| Stock Option (Right to Acquire) | $0.00 | 2012-01-25 | Class B Common Stock (1800) | 1800 | 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 equal intervals on each of the first three anniversaries of the grant date.
F2: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan.
F3: Shares are held of record by the Reporting Person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
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.