LENNAR CORP /NEW/ — Director's Dealing 2020

Jul 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2020-07-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-02	Class A Common Stock	S	5000	$61.01	Disposed	277775	Direct
2020-07-02	Class A Common Stock	F	2230	$60.17	Disposed	275545	Direct
2020-07-02	Class A Common Stock	F	2542	$60.17	Disposed	273003	Direct
2020-07-02	Class A Common Stock	F	4081	$60.17	Disposed	268922	Direct
2020-07-02	Class B Common Stock	F	45	$44.92	Disposed	69	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3475	Indirect
Class A Common Stock	3475	Indirect
Class B Common Stock	3511	Indirect
Class B Common Stock	3511	Indirect

Footnotes

F1: The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $61.00 to $61.02 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.

F2: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 27, 2017.

F3: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 26, 2018.

F4: Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 25, 2019.

F5: 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.

F6: 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.

F7: 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.