SEC Form 4 · accession 0001209191-18-034850
LENNAR CORP /NEW/ · LEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D Stowell
Director
Period of report
May 31, 2018
Accepted (ET)
Jun 1, 2018 · 6:35 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 | May 31, 2018 | A | 314 | $0.00 | A | 420,175 | D | |
| Class B Common Stock | holding | — | — | — | 8,315 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF2,F3 | $50.34 | holding | — | — | — | Feb 12, 2018 | Apr 1, 2020 | Class A Common Stock | 98,062 | 98,062 | D |
| Stock Appreciation RightF4,F3 | $46.51 | holding | — | — | — | Feb 12, 2018 | Oct 1, 2020 | Class A Common Stock | 32,329 | 32,329 | D |
Explanation of responses
- F1These shares were issued in accordance with the Issuer's outside directors' compensation program based on $51.74 per share which was the last reported sale price of the Issuer's Class A common stock on May 31, 2018, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until May 31, 2021, subject to specified exceptions.
- F2Appreciation is capped at $22.60 per stock appreciation right.
- F3For 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.
- F4Appreciation is capped at $22.60 per stock appreciation right.