SEC Form 4 · accession 0001209191-15-066102
LENNAR CORP /NEW/ · LEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney Lapidus
Director
Period of report
Aug 13, 2015
Accepted (ET)
Aug 14, 2015 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920760
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Aug 13, 2015 | J | 28,735 | $52.23 | A | 44,003 | D | |
| Class A Common StockF3,F2 | Aug 13, 2015 | J | 28,735 | $52.23 | D | 74,656 | I | By GRAT |
| Class B Common Stock | holding | — | — | — | 39,996 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $39.51 | holding | — | — | — | Oct 10, 2013 | Apr 10, 2016 | Class A Common Stock | 2,500 | 2,500 | D |
| Stock Option (Right to Buy) | $39.62 | holding | — | — | — | Oct 9, 2014 | Apr 9, 2017 | Class A Common Stock | 2,500 | 2,500 | D |
| Stock Option (Right to Buy) | $51.26 | holding | — | — | — | Oct 8, 2015 | Apr 8, 2018 | Class A Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Represents shares which became directly owned by the reporting person through a substitution of assets in the Sidney Lapidus 2013 GRAT. If this transaction were subject to Section 16(b) of the Exchange Act, there would be no short swing profits from matching this transaction to a sale by the reporting person on March 30, 2015, because the purchase price was higher than the sale price.
- F2Represents the average of the high and the low price of the Company's Class A common stock on August 13, 2015.
- F3Represents shares which were withdrawn through a substitution of assets in the Sidney Lapidus 2013 GRAT and became directly owned by the reporting person.