LENNAR CORP /NEW/ — Director's Dealing 2015

Jan 14, 2015

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

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

Reporting Person: LAPIDUS SIDNEY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-13	Class A Common Stock	G	42700	$0.00	Disposed	12028	Direct
2014-11-13	Class A Common Stock	G	42700	$0.00	Acquired	103391	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	39996	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$25.75	2015-04-11	Class A Common Stock (2500)	2500	Direct
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: On November 4, 2014, 39,309 shares were transferred pursuant to an annuity payment from the Sidney Lapidus 2013 GRAT to the reporting person. On November 13, 2014, 42,700 shares were transferred from the reporting person to the Sidney Lapidus 2014 GRAT. The reporting person is the trustee and sole beneficiary of both of the GRATs, therefore the transaction did not result in a change in beneficial ownership.