X0306 4 2016-01-04 0 0000920760 LENNAR CORP /NEW/ LEN, LEN.B 0001245946 JAFFE JONATHAN M 700 NW 107TH AVENUE SUITE 400 MIAMI FL 33172 0 1 0 0 Vice President/COO Class A Common Stock 101500 D Class A Common Stock 2015-12-28 5 G 0 E 30877 0.00 D 513496 I By Trust Class A Common Stock 2016-01-04 4 S 0 20000 48.10 D 493496 I By Trust Class A Common Stock 2581 I By ESOP Trust Class A Common Stock 25 I See Footnote Class B Common Stock 37560 I By Trust Class B Common Stock 263 I By ESOP Trust The reporting person transferred these shares as a gift to The Jaffe Family Foundation, a charitable foundation. The reporting person has no pecuniary interest in any of the shares held by the foundation. These shares are held in a family trust. The sale occurred pursuant to a Rule 10b5-1 plan adopted by the reporting person. The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $48.00 to $48.25 per share. The reporting person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. These shares are held by the reporting person's son. The reporting person disclaims beneficial ownership of the shares. /s/ Mark Sustana as Attorney-in-Fact for Jonathan M. Jaffe 2016-01-05