SEC Form 4 · accession 0001209191-17-023547
LENNAR CORP /NEW/ · LEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney Lapidus
Director
Period of report
Mar 28, 2017
Accepted (ET)
Mar 29, 2017 · 5:15 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 | Jan 4, 2017 | G | 33,107 | $0.00 | A | 96,266 | D | |
| Class A Common Stock | Mar 28, 2017 | M | 2,500 | $39.62 | A | 98,766 | D | |
| Class A Common StockF1 | Jan 4, 2017 | G | 33,107 | $0.00 | D | 26,893 | 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) | $39.62 | Mar 28, 2017 | M | 2,500 | D | Oct 9, 2014 | Apr 9, 2017 | Class A Common Stock | 2,500 | 0 | 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
- F1On January 4, 2017, 33,107 shares were transferred pursuant to an annuity payment from the Sidney Lapidus 2015 GRAT to the reporting person. The reporting person is the trustee and sole beneficiary of the GRAT, therefore the transaction did not result in a change in beneficial ownership.