SEC Form 4 · accession 0001209191-18-033505
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 23, 2018
Accepted (ET)
May 25, 2018 · 4:12 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,F2 | May 23, 2018 | M | 50,887 | $21.05 | A | 190,052 | D | |
| Class A Common StockF1,F3 | May 23, 2018 | S | 49,864 | $50.69 | D | 140,188 | D | |
| Class A Common StockF1 | May 23, 2018 | S | 1,023 | $51.33 | D | 139,165 | D | |
| Class B Common StockF1,F2 | May 23, 2018 | M | 1,018 | $21.05 | A | 4,492 | D | |
| Class B Common Stock | May 23, 2018 | F | 588 | $41.69 | D | 3,904 | 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 | May 23, 2018 | M | 50,887 | D | Feb 12, 2018 | Jun 1, 2018 | Class A common stock | 50,887 | 0 | D |
| Stock Appreciation RightF4,F5 | $50.34 | holding | — | — | — | Feb 12, 2018 | Apr 1, 2020 | Class A common stock | 39,224 | 39,224 | D |
| Stock Appreciation RightF4,F5 | $46.51 | holding | — | — | — | Feb 12, 2018 | Oct 1, 2020 | Class A common stock | 12,931 | 12,931 | D |
Explanation of responses
- F1This transaction occurred pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- 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.
- F3The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $50.26 to $51.21 per share. The reporting person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F4Appreciation is capped at $22.60 per stock appreciation right.
- F5For 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.