LENNAR CORP /NEW/ — Director's Dealing 2016

Sep 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2016-07-05

Reporting Person: BOLOTIN IRVING (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-31	Class A Common Stock	A	343	$0.00	Acquired	15677	Direct
2016-07-05	Class A Common Stock	S	63274	$34.46	Disposed	0	Indirect
2016-07-05	Class B Common Stock	S	11954	$27.99	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	8225	Indirect
Class B Common Stock	3334	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$39.62	2017-04-09	Class A Common Stock (2500)	2500	Direct
Stock Option (Right to Buy)	$51.26	2018-04-08	Class A Common Stock (2500)	2500	Direct

Footnotes

F1: These shares were issued in accordance with the Issuer's outside directors' compensation program based on $47.30 per share which was the last reported sale price of the Issuer's Class A common stock on August 31, 2016, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until August 31, 2019, subject to specified exceptions.

F2: The limited partnership interest was sold for estate planning purposes to a trust in exchange for a note. The beneficiaries of the trust are the reporting person's daughters. The shares were sold at an approximate 25% discount to the market price of the shares.