LENNAR CORP /NEW/ — Director's Dealing 2015

Apr 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2015-04-08

Reporting Person: SONNENFELD JEFFREY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-08	Class A Common Stock	M	2500	$25.75	Acquired	24449	Direct
2015-04-08	Class A Common Stock	S	1283	$50.83	Disposed	23166	Direct
2015-04-08	Class A Common Stock	A	2000	$0.00	Acquired	25166	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-08	Stock Option (Right to Buy)	$25.75	M	2500	Disposed	2015-04-11	Class A Common Stock (2500)	Direct
2015-04-08	Stock Option (Right to Buy)	$51.26	A	2500	Acquired	2018-04-08	Class A Common Stock (2500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$39.51	2016-04-10	Class A Common Stock (2500)	2500	Direct
Stock Option (Right to Buy)	$39.62	2017-04-09	Class A Common Stock (2500)	2500	Direct

Footnotes

F1: Shares issued in accordance with the Issuer's outside directors' compensation program. Shares are fully vested and fifty percent (50%) of the shares are subject to a two-year minimum holding period from the date of issuance.