0001209191-18-003582.txt : 20180116
0001209191-18-003582.hdr.sgml : 20180116
20180116163507
ACCESSION NUMBER: 0001209191-18-003582
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180111
FILED AS OF DATE: 20180116
DATE AS OF CHANGE: 20180116
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MILLER STUART A
CENTRAL INDEX KEY: 0001049444
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11749
FILM NUMBER: 18528941
MAIL ADDRESS:
STREET 1: 700 NW 107TH AVE
CITY: MIAMI
STATE: FL
ZIP: 33172
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LENNAR CORP /NEW/
CENTRAL INDEX KEY: 0000920760
STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
IRS NUMBER: 954337490
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1130
BUSINESS ADDRESS:
STREET 1: 700 NW 107TH AVENUE
STREET 2: SUITE 400
CITY: MIAMI
STATE: FL
ZIP: 33172
BUSINESS PHONE: 3055594000
MAIL ADDRESS:
STREET 1: 700 NW 107TH AVENUE
STREET 2: SUITE 400
CITY: MIAMI
STATE: FL
ZIP: 33172
FORMER COMPANY:
FORMER CONFORMED NAME: PACIFIC GREYSTONE CORP /DE/
DATE OF NAME CHANGE: 19940323
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-01-11
0
0000920760
LENNAR CORP /NEW/
LEN, LEN.B
0001049444
MILLER STUART A
700 NW 107TH AVENUE
SUITE 400
MIAMI
FL
33172
1
1
1
0
Chief Executive Officer
Class A Common Stock
2018-01-11
4
F
0
38828
69.57
D
1089215
D
Class B Common Stock
2018-01-11
4
F
0
819
56.10
D
121323
D
Class A Common Stock
36850
I
By Trust
Class A Common Stock
18885
I
By ESOP Trust
Class B Common Stock
2350
I
By ESOP Trust
Class B Common Stock
21632892
I
By Family Trust
The reporting person surrendered shares to pay a tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock, which was subject to performance-based vesting conditions, was originally granted on June 27, 2017. On January 11, 2018, the Compensation Committee determined that the performance-based vesting conditions were met, and, because the reporting person is eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.
The reporting person surrendered shares to pay a tax liability on restricted stock pursuant to a 10b5-1 plan. On November 27, 2017, shares of Class B common stock were issued as a dividend to holders of the Company's common stock. The shares of Class B common stock were subject to the same performance-based vesting conditions as the Class A common stock with regard to which they were issued. On January 11, 2018, the Compensation Committee determined that the performance-based vesting conditions were met, and, because the reporting person is eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.
Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.
/s/ Mark Sustana as attorney-in-fact for Stuart Miller
2018-01-16