SEC Form 4 · accession 0001209191-17-037308
LENNAR CORP /NEW/ · LEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Irving Bolotin
Director
Period of report
May 31, 2017
Accepted (ET)
Jun 2, 2017 · 4:41 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 | Apr 27, 2017 | G | 8,125 | $0.00 | A | 29,116 | D | |
| Class A Common StockF2 | May 31, 2017 | A | 316 | $0.00 | A | 29,432 | D | |
| Class A Common StockF1 | Apr 27, 2017 | G | 8,125 | $0.00 | D | 0 | I | By GRAT |
| Class B Common Stock | holding | — | — | — | 3,334 | 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) | $51.26 | holding | — | — | — | Oct 8, 2015 | Apr 8, 2018 | Class A Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1On April 27, 2017, 8,125 shares were transferred pursuant to an annuity payment from the 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.
- F2These shares were issued in accordance with the Issuer's outside directors' compensation program based on $51.31 per share which was the last reported sale price of the Issuer's Class A common stock on May 31, 2017, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until May 31, 2020, subject to specified exceptions.