LENNAR CORP /NEW/ — Director's Dealing 2019

Oct 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2019-10-04

Reporting Person: McCall Jeffrey Joseph (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-04	Class A Common Stock	M	6522	$50.34	Acquired	184034	Direct
2019-10-04	Class A Common Stock	F	2934	$59.49	Disposed	181100	Direct
2019-10-04	Class A Common Stock	M	2966	$46.51	Acquired	184066	Direct
2019-10-04	Class A Common Stock	F	1333	$59.49	Disposed	182733	Direct
2019-10-07	Class A Common Stock	S	10000	$59.51	Disposed	172733	Direct
2019-10-04	Class B Common Stock	S	1126	$46.82	Disposed	2772	Direct
2019-10-04	Class B Common Stock	M	167	$0.00	Acquired	2939	Direct
2019-10-04	Class B Common Stock	F	89	$47.23	Disposed	2850	Direct
2019-10-04	Class B Common Stock	M	76	$0.00	Acquired	2926	Direct
2019-10-04	Class B Common Stock	F	43	$47.23	Disposed	2883	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-04	Stock Appreciation Right	$50.34	M	39224	Disposed	2020-04-01	Class A common stock (39224)	Direct
2019-10-04	Stock Appreciation Right	$46.51	M	12931	Disposed	2020-10-01	Class A common stock (12931)	Direct

Footnotes

F1: The stock appreciation rights are stock settled and entitle Mr. McCall to shares of Class A common stock with a value based on the difference between the exercise price of $50.34 and the value of the shares at the time of exercise. The stock appreciation rights had an expiration date of April 1, 2020.

F2: The stock appreciation rights are stock settled and entitle Mr. McCall to shares of Class A common stock with a value based on the difference between the exercise price of $46.51 and the value of the shares at the time of exercise. The stock appreciation rights had an expiration date of October 1, 2020.

F3: The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $59.50 to $59.52 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: The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $46.82 to $46.84 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: For each share of Class A common stock received by the Reporting Person by exercising the stock appreciation right, the Reporting Person also received a number of shares of Class B common stock.