LENNAR CORP /NEW/ — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2021-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Class A Common Stock	A	24110	$0.00	Acquired	255737	Direct
2021-02-26	Class A Common Stock	F	4744	$82.97	Disposed	250993	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: 12,055 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 12,055 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2022, February 14, 2023 and February 14, 2024. The grants are subject to forfeiture in accordance with their terms.

F2: Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on February 26, 2021.

F3: 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.

F4: 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.