LENNAR CORP /NEW/ — Director's Dealing 2014

Dec 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2014-11-30

Reporting Person: JAFFE JONATHAN M (Vice President/COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-30	Class A Common Stock	F	32613	$47.24	Disposed	159054	Direct
2014-11-20	Class A Common Stock	G	63541	$0.00	Disposed	629724	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2573	Indirect
Class A Common Stock	25	Indirect
Class B Common Stock	37560	Indirect
Class B Common Stock	262	Indirect

Footnotes

F1: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on November 30, 2011.

F2: The reporting person transferred these shares as a gift to The Jaffe Family Foundation, a charitable foundation. The reporting person has no pecuniary interest in any of the shares held by the foundation.

F3: These shares are held in a family trust.

F4: These shares are held by the reporting person's son. The reporting person disclaims beneficial ownership of the shares.