LENNAR CORP /NEW/ — Director's Dealing 2020

Oct 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2020-10-16

Reporting Person: BESSETTE DIANE J (VP/CFO/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-16	Class A Common Stock	F	2542	$84.68	Disposed	245495	Direct
2020-10-16	Class A Common Stock	F	8161	$84.68	Disposed	237334	Direct
2020-10-16	Class A Common Stock	F	5707	$84.68	Disposed	231627	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3475	Indirect
Class A Common Stock	3475	Indirect
Class B Common Stock	69	Direct
Class B Common Stock	3511	Indirect
Class B Common Stock	3511	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 26, 2018. On October 16, 2020, 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 25, 2019. On October 16, 2020, 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 February 28, 2020. On October 16, 2020, 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: Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F5: Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.