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LENNAR CORP /NEW/ — Director's Dealing 2010
Jan 15, 2010
30122_dirs_2010-01-15_d7467214-19cf-4a90-8d61-f5bed1fe89df.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: 2010-01-13
Reporting Person: JAFFE JONATHAN M (Vice President/COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-01-13 | Class A Common Stock | M | 5998 | $8.25 | Acquired | 502666 | Indirect |
| 2010-01-13 | Class B Common Stock | M | 599 | $0.00 | Acquired | 50502 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-01-13 | Stock Option (Right to Buy) | $8.25 | M | 5998 | Disposed | 2010-02-07 | Class A Common Stock (5998) | Direct |
| 2010-01-13 | Stock Option (Right to Acquire) | $0.00 | M | 599 | Disposed | 2010-02-07 | Class B Common Stock (599) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 262500 | Direct |
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: 485,150 shares are held in a family trust. 15,000 shares are held through a financial intermediary. 2,491 shares are held through an ESOP trust and 25 shares are owned by Mr. Jaffe's son of which Mr. Jaffe disclaims beneficial ownership.
F2: 48,750 shares are held in a family trust. 1,500 shares are held through a financial intermediary and 252 shares are held through an ESOP trust.
F3: These stock options become exercisable in installments of 25% on each of the first four anniversaries of the grant date.
F4: Represents shares of Class B Common Stock to be issued upon the exercise of certain options to purchase Class A Common Stock.