LENNAR CORP /NEW/ — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2020-02-28

Reporting Person: JAFFE JONATHAN M (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-28	Class A Common Stock	A	166428	$0.00	Acquired	376779	Direct
2020-02-28	Class A Common Stock	F	41258	$60.34	Disposed	335521	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	160862	Indirect
Class A Common Stock	2620	Indirect
Class B Common Stock	166	Direct
Class B Common Stock	46139	Indirect
Class B Common Stock	326	Indirect

Footnotes

F1: 83,214 of the shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period, and the other 83,214 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2021, February 14, 2022 and February 14, 2023. The grants are subject to forfeiture in accordance with their terms.

F2: 26,696 shares previously owned directly were contributed to a family trust.

F3: Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock.

F4: These shares are held in a family trust.