LENNAR CORP /NEW/ — Director's Dealing 2019

Sep 24, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2019-09-21

Reporting Person: JAFFE JONATHAN M (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-21	Class A Common Stock	F	8181	$54.10	Disposed	322403	Direct
2019-09-21	Class A Common Stock	F	20083	$54.10	Disposed	302320	Direct
2019-09-21	Class A Common Stock	F	48635	$54.10	Disposed	253685	Direct
2019-09-21	Class B Common Stock	F	164	$54.10	Disposed	498	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	157528	Indirect
Class A Common Stock	2613	Indirect
Class B Common Stock	45807	Indirect
Class B Common Stock	325	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 27, 2017. On September 21, 2019, 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 February 14, 2018. On September 21, 2019, 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: 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 25, 2019. On September 21, 2019, 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.

F4: These shares are held in a family trust.

F5: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The reporting person received the shares of Class B common stock as a result of a dividend of Class B common stock to holders of Class A common stock and Class B common stock as of the record date, November 10, 2017, and these shares were subject to the restrictions of the underlying Class A common stock on which they were issued.