LENNAR CORP /NEW/ — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2012-07-02

Reporting Person: SUSTANA MARK (General Counsel/Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-02	Class A Common Stock	A	15000	$0.00	Acquired	141808	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$13.54	2013-07-23	Class A Common Stock (30000)	30000	Direct

Footnotes

F1: 1/3 of the restricted shares granted on 7/2/2012 will vest on each of the first 3 anniversaries of the grant date, subject to forfeiture in accordance with the terms of the grant.

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