SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BESSETTE DIANE J (Last) (First) (Middle) 700 NORTHWEST 107TH AVENUE (Street) MIAMI FL 33172 (City) (State) (Zip)	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) Director 10% Owner X Officer (give title below) Other (specify below) Vice President and Controller
	3. Date of Earliest Transaction (Month/Day/Year) 01/03/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	01/03/2006		M		5,000	A	$8.25	0	D
Class A Common Stock	01/03/2006		M/K		5,000	A	$8.235	0	D
Class A Common Stock	01/03/2006		S		10,000	D	$60.537	28,279(7)	D
Class A Common Stock	01/03/2006		S		3(1)	D	$62.52	0	I	By ESOP Trust
Class B Common Stock	01/03/2006		M		1,000	A	$0(2)	0	D
Class B Common Stock	01/04/2006		S		1,000	D	$57.33	2,200	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Class A Common Stock(3)	$0							08/08/1988(4)	08/08/1988(4)	Class A Common Stock	28,000		28,000	D
Class B Common Stock(3)	$0							08/08/1988(4)	08/08/1988(4)	Class B Common Stock	2,800		2,800	D
Option (Right to Buy)	$8.25	01/03/2006		M			5,000	02/07/2001(6)	02/07/2010	Class A Common Stock	5,000	$0	0	D
Option (Right to Buy)	$0(2)	01/03/2006		M			500	02/07/2001(6)	02/07/2010	Class B Common Stock	500	$0	0	D
Option (Right to Buy)	$8.235	01/03/2006		M			5,000	11/03/1998(5)	11/03/2007	Class A Common Stock	5,000	$0	0	D
Option (Right to Buy)	$0(2)	01/03/2006		M			500	11/03/1998(5)	11/03/2007	Class B Common Stock	500	$0	0	D
Option (Right to Buy)	$0(4)							08/08/1988(4)	08/08/1988(4)	Class A Common Stock	195,602		195,602	D
Option (Right to Buy)	$0(4)							08/08/1988(4)	08/08/1988(4)	Class B Common Stock	10,560		10,560	D

Explanation of Responses:

1. Sale of shares held indirectly by ESOP Trust.

2. 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.

3. Contractual right to receive shares in the future.

4. 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.

5. These options were granted on 11/3/97 and vest in nine annual installments, 10% on each of the first eight anniversaries of the grant date and the remaining 20% on the ninth anniversary of the grant date.

6. These options were granted on 2/7/00 and vest in four annual installments, 10% on the first anniversary of the grant date and 30% on each of the following three anniversaries of the grant date.

7. 20,000 of these shares were 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.

	Michael Francis as Attorney-In-Fact for Diane J. Bessette	01/05/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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