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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $ 8.235 | 11/03/2006(6) | 11/03/2007 | Class A Common Stock | 10,000 | 10,000 | D | ||||||||
Stock Option (Right to Buy) | $ 8.25 | 02/07/2005(6) | 02/07/2010 | Class A Common Stock | 7,602 | 7,602 | D | ||||||||
Stock Option (Right to Buy) | $ 18.32 | 03/06/2005(6) | 03/06/2011 | Class A Common Stock | 14,000 | 14,000 | D | ||||||||
Stock Option (Right to Buy) | $ 26.32 | 01/25/2006(6) | 01/25/2012 | Class A Common Stock | 14,000 | 14,000 | D | ||||||||
Stock Option (Right to Buy) | $ 27.845 | 01/23/2004(2) | 01/23/2008 | Class A Common Stock | 60,000 | 60,000 | D | ||||||||
Stock Option (Right to Buy) | $ 46.42 | 12/17/2004(2) | 12/17/2008 | Class A Common Stock | 60,000 | 60,000 | D | ||||||||
Stock Option (Right to Buy) | $ 55 | 12/16/2005(2) | 12/16/2009 | Class A Common Stock | 30,000 | 30,000 | D | ||||||||
Stock Option (Right to Buy) | $ 62.675 | 01/05/2007(2) | 01/05/2011 | Class A Common Stock | 30,000 | 30,000 | D | ||||||||
Class A Common Stock (4) | $ 0 | 08/08/1988(5) | 08/08/1988(5) | Class A Common Stock | 28,000 | 28,000 | D | ||||||||
Stock Option (Right to Acquire) | $ 0 | 11/03/2006 | 11/03/2007 | Class B Common Stock | 1,000 (3) | 1,000 | D | ||||||||
Stock Option (Right to Acquire) | $ 0 | 02/07/2005 | 02/07/2010 | Class B Common Stock | 760 (3) | 760 | D | ||||||||
Stock Option (Right to Acquire) | $ 0 | 01/25/2006 | 01/25/2012 | Class B Common Stock | 1,400 (3) | 1,400 | D | ||||||||
Stock Option (Right to Acquire) | $ 0 | 01/23/2004 | 01/23/2008 | Class B Common Stock | 6,000 (3) | 6,000 | D | ||||||||
Stock Option (Right to Acquire) | $ 0 | 03/06/2005 | 03/06/2011 | Class B Common Stock | 1,400 (3) | 1,400 | D | ||||||||
Class B Common Stock (4) | $ 0 | 08/08/1988(5) | 08/08/1988(5) | Class B Common Stock | 2,800 | 2,800 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BESSETTE DIANE J LENNAR CORPORATION 700 NW 107 AVENUE STE 400 MIAMI, FL 33172 |
Vice President/Controller |
Michael Francis as Attorney-In-Fact for Diane J. Bessette | 04/18/2006 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Restricted shares granted on 4/14/06, subject to forfeiture. The shares vest and are no longer subject to forfeiture in three equal annual installments beginning on the first anniversary of the grant date. |
(2) | Stock options granted become exercisable in four annual installments. 10% of the stock options become exercisable on the first anniversary of the grant date and 30% of the stock options become exercisable on each of the next three anniversaries of the grant date. |
(3) | Represents shares of Class B Common Stock to be issued upon the exercise of certain options to purchase Class A Common Stock. |
(4) | Contractual right to receive shares in the future. |
(5) | No activity is being reported. The SEC staff has designated 8/8/88 as a "dummy date." Information is included to disclose holding following the reported transactions or other holdings not affected by the reported transactions. |
(6) | Stock options granted vest in nine annual installments. 10% of the stock options granted become exercisable on the first eight anniversaries of the grant date and the remaining 20% become exercisable on the ninth anniversary of the grant date. |