MCCAIN DAVID B 4
4 · LENNAR CORP /NEW/ · Filed Jun 24, 2005
Insider Transaction Report
Form 4
LENNAR CORP /NEW/LEN, LEN.B
MCCAIN DAVID B
Vice President
Transactions
- Tax Payment
Class A Common Stock
2005-06-22$63.31/sh−4,780$302,646→ 0 total - Exercise/Conversion
Class B Common Stock
2005-06-23+400→ 0 total - Award
Class A Common Stock
2005-06-22+30,000→ 0 total - Exercise/Conversion
Class A Common Stock
2005-06-23$18.32/sh+4,200$76,944→ 0 total - Exercise/Conversion
Class A Common Stock
2005-06-23$13.61/sh+4,000$54,440→ 0 total - Exercise/Conversion
Option (Right to Buy)
2005-06-23−400→ 0 totalExercise: $0.00From: 2005-06-01Exp: 2008-06-01→ Class B Common Stock (400 underlying) - Sale
Class B Common Stock
2005-06-23$58.55/sh−1,200$70,260→ 6,399 total - Sale
Class A Common Stock
2005-06-23$63.48/sh−15,420$978,916→ 30,000 total - Exercise/Conversion
Class B Common Stock
2005-06-23+419→ 0 total - Exercise/Conversion
Option (Right to Buy)
2005-06-23−4,200→ 0 totalExercise: $18.32From: 2004-03-06Exp: 2011-03-06→ Class A Common Stock (4,200 underlying) - Exercise/Conversion
Option (Right to Buy)
2005-06-23−419→ 0 totalExercise: $0.00From: 2004-03-06Exp: 2011-03-06→ Class B Common Stock (420 underlying) - Exercise/Conversion
Option (Right to Buy)
2005-06-23−4,000→ 0 totalExercise: $13.61From: 2005-06-01Exp: 2008-06-01→ Class A Common Stock (4,000 underlying)
Holdings
- 132,200
Option (Right to Buy)
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class A Common Stock (132,200 underlying) - 28,000
Class A Common Stock
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class A Common Stock (28,000 underlying) - 5,220
Option (Right to Buy)
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class B Common Stock (5,220 underlying) - 2,800
Class B Common Stock
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class B Common Stock (2,800 underlying)
Footnotes (4)
- [F1]Shares granted on 6/22/05 under the Issuer's 2003 Stock Option and Restricted Stock Plan, subject to forfeiture. 10% of the restricted stock is exercisable on the first anniversary of the grant date and the remaining 90% of the restricted stock is exercisable in three equal annual installments beginning on the second anniversary of the grant date.
- [F2]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.
- [F3]Contractual right to receive shares in the future.
- [F4]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 or other holdings not affected by the reported transactions.