LENNAR CORP /NEW/ — Director's Dealing 2016

Jan 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2016-01-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-28	Class A Common Stock	G	30877	$0.00	Disposed	513496	Indirect
2016-01-04	Class A Common Stock	S	20000	$48.10	Disposed	493496	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	101500	Direct
Class A Common Stock	2581	Indirect
Class A Common Stock	25	Indirect
Class B Common Stock	37560	Indirect
Class B Common Stock	263	Indirect

Footnotes

F1: 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.

F2: These shares are held in a family trust.

F3: The sale occurred pursuant to a Rule 10b5-1 plan adopted by the reporting person.

F4: The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $48.00 to $48.25 per share. The reporting person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F5: These shares are held by the reporting person's son. The reporting person disclaims beneficial ownership of the shares.