JOHNSON CRAIG M 4

4 · LENNAR CORP /NEW/ · Filed Jan 9, 2006

Form 4

Period: 2006-01-05

Vice President

Transactions

Award
Option (Right to Buy)
2006-01-05+10,000→ 0 total
Exercise: $62.67From: 2007-01-05Exp: 2011-01-05→ Class A Common Stock (10,000 underlying)

Holdings

Class A Common Stock
(indirect: By Trust)
110,522
Option (Right to Buy)
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class B Common Stock (4,200 underlying)
4,200
Class B Common Stock
(indirect: By Trust)
13,136
Class B Common Stock
60
Class A Common Stock
10,000
Class A Common Stock
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class A Common Stock (8,000 underlying)
8,000
Class B Common Stock
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class B Common Stock (800 underlying)
800
Option (Right to Buy)
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Class A Common Stock (73,000 underlying)
73,000

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 vests on the first anniversary of the grant date and the remaining 90% of the restricted stock vests in three equal annual installments beginning on the second anniversary of the grant date.
[F2]Contractual right to receive shares in the future.
[F3]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.
[F4]These stock options vest in four annual installments. 10% of the stock options granted become exercisable on the first anniversary of the grant date and 30% of the stock options granted become exercisable on each of the next three anniversaries of the grant date.

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