Statement of Changes in Beneficial Ownership (4)
March 02 2022 - 4:48PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
BECKWITT RICHARD |
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)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Co-CEO & Co-President |
(Last)
(First)
(Middle)
700 NW 107TH AVENUE, SUITE 400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/28/2022 |
(Street)
MIAMI, FL 33172
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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 | 2/28/2022 | | A | | 184780 (1) | A | $0.00 | 1803774 | D | |
Class A Common Stock | 2/28/2022 | | F | | 36356 (2) | D | $89.88 | 1767418 | D | |
Class A Common Stock | 2/28/2022 | | A | | 104891 (3) | A | $0.00 | 1872309 | D | |
Class A Common Stock | 2/28/2022 | | F | | 85231 (4) | D | $89.88 | 1787078 | D | |
Class A Common Stock | | | | | | | | 6000 | I | By Trust (5) |
Class B Common Stock | | | | | | | | 21501 | D | |
Class B Common Stock | | | | | | | | 120 | I | By Trust (5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Explanation of Responses: |
(1) | 92,390 of the shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period, and the other 92,390 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2023, February 14, 2024 and February 14, 2025. The grants are subject to forfeiture in accordance with their terms. |
(2) | Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on February 28, 2022. |
(3) | On June 25, 2019, the reporting person was granted a target award of 111,706 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2021. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 28, 2022, the 111,706 shares of Class A common stock vested and the reporting person was granted an additional 104,891 shares of Class A common stock. |
(4) | Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on June 25, 2019. |
(5) | The shares are held in a trust for the benefit of the reporting person's spouse. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
BECKWITT RICHARD 700 NW 107TH AVENUE SUITE 400 MIAMI, FL 33172 | X |
| Co-CEO & Co-President |
|
Signatures
|
/s/ Mark Sustana as attorney-in-fact for Richard Beckwitt | | 3/2/2022 |
**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 control number. |
Lennar (NYSE:LEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lennar (NYSE:LEN)
Historical Stock Chart
From Jul 2023 to Jul 2024