LENNAR CORP /NEW/ — Director's Dealing 2016

Jun 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2016-05-31

Reporting Person: BOLOTIN IRVING (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-12	Class A Common Stock	G	63274	$0.00	Disposed	7448	Direct
2016-05-26	Class A Common Stock	G	7530	$0.00	Acquired	14978	Direct
2016-05-31	Class A Common Stock	A	356	$0.00	Acquired	15334	Direct
2016-04-25	Class A Common Stock	G	7530	$0.00	Disposed	8225	Indirect
2016-05-12	Class A Common Stock	G	63274	$0.00	Acquired	63274	Indirect
2016-05-12	Class B Common Stock	G	11954	$0.00	Disposed	3334	Direct
2016-05-12	Class B Common Stock	G	11954	$0.00	Acquired	11954	Indirect

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 transferred from the reporting person's directly owned account to Bolotin Family Investments, LP. The reporting person has investment authority with respect to, and is the beneficial owner of, the shares held in Bolotin Family Investments, LP.

F2: On April 25, 2016, 2,000 shares, which were previously owned by one of the GRATs, were contributed to the reporting person's directly owned account. The reporting person is the trustee and sole lifetime beneficiary of both of the GRATs, therefore the transaction did not result in a change in beneficial ownership.

F3: On April 25, 2016, these shares were gifted from one of the GRATs to the Bolotin Family Trust, of which a third party is trustee and the reporting person's daughters are beneficiaries, for estate planning purposes. On May 26, 2016, these shares were gifted from the Bolotin Family Trust to the reporting person's directly owned account.

F4: These shares were issued in accordance with the Issuer's outside directors' compensation program based on $45.57 per share which was the last reported sale price of the Issuer's Class A common stock on May 31, 2016, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until May 31, 2019, subject to specified exceptions.