SEC Form 4 · accession 0001209191-18-010868
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
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 4:29 pm EST
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 | Feb 14, 2018 | A | 154,356 | $0.00 | A | 1,243,571 | D | |
| Class B Common Stock | holding | — | — | — | 121,323 | D | ||
| Class A Common StockF2 | holding | — | — | — | 36,850 | I | By Trust | |
| Class A Common Stock | holding | — | — | — | 18,885 | I | By ESOP Trust | |
| Class B Common Stock | holding | — | — | — | 2,350 | I | By ESOP Trust | |
| Class B Common StockF2 | holding | — | — | — | 21,632,892 | I | By Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F177,178 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 77,178 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2019, February 14, 2020 and February 14, 2021. The grants are subject to forfeiture in accordance with their terms.
- F2Mr. 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.