LENNAR CORP /NEW/ — Director's Dealing 2017

Aug 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2017-08-08

Reporting Person: MILLER STUART A (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-08	Class A Common Stock	F	14543	$54.43	Disposed	1157229	Direct
2017-08-08	Class A Common Stock	F	29086	$54.43	Disposed	1128143	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	97630	Direct
Class A Common Stock	36850	Indirect
Class A Common Stock	18871	Indirect
Class B Common Stock	1932	Indirect
Class B Common Stock	21207996	Indirect

Footnotes

F1: The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 23, 2015. On August 8, 2017, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.

F2: The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 22, 2016. On August 8, 2017, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.

F3: Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.