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: BECKWITT RICHARD (Director, Co-CEO & Co-President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Class A Common Stock	A	136624	$0.00	Acquired	1694188	Direct
2021-02-26	Class A Common Stock	A	57749	$0.00	Acquired	1751937	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	11382	Indirect
Class A Common Stock	6000	Indirect
Class B Common Stock	21501	Direct
Class B Common Stock	227	Indirect
Class B Common Stock	120	Indirect

Footnotes

F1: 68,312 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 68,312 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: On February 14, 2018, the reporting person was granted a target award of 69,078 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2020. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 26, 2021, the 69,078 shares of Class A common stock vested and the reporting person was granted an additional 57,749 shares of Class A common stock.

F3: The shares are held in trusts for the benefit of the reporting person's children.

F4: The shares are held in a trust for the benefit of the reporting person's spouse.