FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [ LEN, LEN.B ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/01/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 07/01/2003 | M | 13,787 | A | 9.201 | 0 | D | |||
Class A Common Stock | 07/01/2003 | M | 1,000 | A | 52.64 | 0 | D | |||
Class A Common Stock | 07/01/2003 | S | 3,919 | D | 71.45 | 41,817 | D(1) | |||
Class B Common Stock | 07/01/2003 | M | 1,477 | A | 0 | 0 | D | |||
Class B Common Stock | 07/01/2003(4) | 07/02/2003(4) | S | 391 | D | 70.6635 | 4,180 | D(2) | ||
Class A Common Stock | 08/08/1988(3) | J(3) | 0 | D | 0 | 5,867 | I | By ESOP Trust | ||
Class B Common Stock | 08/08/1988(3) | J(3) | 0 | D | 0 | 586 | I | By ESOP Trust | ||
Class A Common Stock | 08/08/1988(3) | J(3) | 0 | D | 0 | 129 | I | By IRA Trust | ||
Class B Common Stock | 08/08/1988(3) | J(3) | 0 | D | 0 | 12 | I | By IRA Trust |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option | 9.201 | 07/01/2003 | X | 13,787 | 06/30/2003 | 09/28/2003 | Class A Common Stock | 13,787 | $0 | 0 | D | ||||
Option | 0(5) | 07/01/2003 | X | 1,377 | 06/30/2003 | 09/28/2003 | Class B Common Stock | 1,377 | $0 | 0 | D | ||||
Option | 52.64 | 07/01/2003 | X | 1,000 | 01/25/2003 | 01/25/2012 | Class A Common Stock | 1,000 | $0 | 0 | D | ||||
Option | 0(5) | 07/01/2003 | X | 100 | 01/25/2003 | 01/25/2012 | Class B Common Stock | 100 | $0 | 0 | D | ||||
Option | 0 | 08/08/1988(3) | J(3) | 0 | 08/08/1988(3) | 08/08/1988(3) | Class A Common Stock | 73,001 | $0 | 73,001 | D | ||||
Option | 0 | 08/08/1988(3) | J(3) | 0 | 08/08/1988(3) | 08/08/1988(3) | Class B Common Stock | 7,300 | $0 | 7,300 | D |
Explanation of Responses: |
1. Includes 18,000 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, with shares vesting at the rate of 9,000 on each of 6/22/04 and 6/22/05. |
2. Includes 1,800 shares held pursuant to a Restricted Stock Paln, subject to forfeiture, with shares vesting at the rate of 900 on each of 6/22/04 and 6/22/05. |
3. No activity is being reported. The SEC staff has designated 8/8/88 as a "dummy date." Information is included to disclose holdings following the reported transactions. |
4. The sale of the Class B Common Stock was not completed until July 2, 2003. |
5. The Class B Common Stock was issued as a result of anti-dilution provisions with regard to exercises of options that originally related to Class A Common Stock. |
David Collins as Attorney-In-Fact for Allan J. Pekor | 07/03/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |