SEC FORM 4

SEC Form 4

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^*

PEKOR ALLAN J

(Last)

(First)

(Middle)

700 NORTHWEST 107TH AVENUE

(Street)

MIAMI

33172

(City)

(State)

(Zip)

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/21/2004		J⁽⁴⁾		28,868	A	$0	57,736	D⁽¹⁾
Class B Common Stock	01/21/2004		J⁽⁴⁾		3,680	A	$0	7,360	D⁽²⁾
Class A Common Stock	01/21/2004		J⁽⁴⁾		5,867	A	$0	11,734	I	By ESOP Trust
Class B Common Stock	01/21/2004		J⁽⁴⁾		586	A	$0	1,172	I	By ESOP Trust
Class A Common Stock	01/21/2004		J⁽⁴⁾		129	A	$0	258	I	By IRA Trust
Class B Common Stock	01/21/2004		J⁽⁴⁾		12	A	$0	24	I	By IRA Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option	$0⁽³⁾							08/08/1988⁽³⁾	08/08/1988⁽³⁾	Class A Common Stock	136,002⁽⁴⁾		136,002⁽⁴⁾	D
Option	$0.00⁽³⁾							08/08/1988⁽³⁾	08/08/1988⁽³⁾	Class B Common Stock	13,600⁽⁴⁾		13,600⁽⁴⁾	D

Explanation of Responses:

1. Includes 36,000 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, with shares vesting at the rate of 18,000 on each of 6/22/04 and 6/22/05.

2. Includes 3,600 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, with shares vesting at the rate of 1,800 on each of 6/22/04 and 6/22/05.

3. No activity is being reported. The SEC staff has designated 8/8/1988 as a "dummy date". Information is included to disclose holdings following the reported transactions or other holdings not affected by the reported transactions.

4. Adjusted for 2-for-1 stock split effective January 21, 2004.

	Benjamin P. Butterfield as Attorney-In-Fact for Allan J. Pekor	01/23/2004
	** 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).
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