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LENNAR CORP /NEW/ — Director's Dealing 2018
May 25, 2018
30122_dirs_2018-05-25_b8b4f3b3-9b30-4fd8-9897-dd524de159e3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2018-05-23
Reporting Person: McCall Jeffrey Joseph (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-23 | Class A Common Stock | M | 50887 | $21.05 | Acquired | 190052 | Direct |
| 2018-05-23 | Class A Common Stock | S | 49864 | $50.69 | Disposed | 140188 | Direct |
| 2018-05-23 | Class A Common Stock | S | 1023 | $51.33 | Disposed | 139165 | Direct |
| 2018-05-23 | Class B Common Stock | M | 1018 | $21.05 | Acquired | 4492 | Direct |
| 2018-05-23 | Class B Common Stock | F | 588 | $41.69 | Disposed | 3904 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-23 | Stock Option (Right to Buy) | $21.47 | M | 50887 | Disposed | 2018-06-01 | Class A common stock (50887) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $50.34 | 2020-04-01 | Class A common stock (39224) | 39224 | Direct |
| Stock Appreciation Right | $46.51 | 2020-10-01 | Class A common stock (12931) | 12931 | Direct |
Footnotes
F1: This transaction occurred pursuant to a Rule 10b5-1 plan adopted by the reporting person.
F2: For each share of Class A common stock received by the Reporting Person by exercising the option, the Reporting Person will also receive .02 shares of Class B common stock.
F3: The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $50.26 to $51.21 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.
F4: Appreciation is capped at $22.60 per stock appreciation right.
F5: For each share of Class A common stock received by the Reporting Person by exercising the stock appreciation right, the Reporting Person will also receive .02 shares of Class B common stock.