SEC Form 4 · accession 0001209191-17-048427
LENNAR CORP /NEW/ · LEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart A Miller
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 4:35 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 | Aug 8, 2017 | F | 14,543 | $54.43 | D | 1,157,229 | D | |
| Class A Common StockF2 | Aug 8, 2017 | F | 29,086 | $54.43 | D | 1,128,143 | D | |
| Class B Common Stock | holding | — | — | — | 97,630 | D | ||
| Class A Common StockF3 | holding | — | — | — | 36,850 | I | By Trust | |
| Class A Common Stock | holding | — | — | — | 18,871 | I | By ESOP Trust | |
| Class B Common Stock | holding | — | — | — | 1,932 | I | By ESOP Trust | |
| Class B Common StockF3 | holding | — | — | — | 21,207,996 | I | By Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 23, 2015. On August 8, 2017, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.
- F2The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 22, 2016. On August 8, 2017, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.
- F3Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.