SEC Form 4 · accession 0001209191-18-030533
LENNAR CORP /NEW/ · LEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Joseph McCall
Officer — Senior Vice President
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 4:44 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 B Common StockF1 | May 14, 2018 | F | 321 | $43.65 | D | 3,474 | D | |
| Class A Common Stock | holding | — | — | — | 139,165 | 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)F2 | $21.47 | holding | — | — | — | Feb 12, 2018 | Jun 1, 2018 | Class A common stock | 50,887 | 50,887 | D |
| Stock Appreciation RightF3,F4 | $50.34 | holding | — | — | — | Feb 12, 2018 | Apr 1, 2020 | Class A common stock | 39,224 | 39,224 | D |
| Stock Appreciation RightF3,F4 | $46.51 | holding | — | — | — | Feb 12, 2018 | Oct 1, 2020 | Class A common stock | 12,931 | 12,931 | D |
Explanation of responses
- F1Surrendered shares to the Company to satisfy a withholding obligation.
- F2For each share of Class A common stock received by the Reporting Person by exercising the option, the Reporting Person will also receive .02 shares of Class B common stock.
- F3Appreciation is capped at $22.60 per stock appreciation right.
- F4For each share of Class A common stock received by the Reporting Person by exercising the stock appreciation right, the Reporting Person will also receive .02 shares of Class B common stock.