0001193125-17-355789.txt : 20171129 0001193125-17-355789.hdr.sgml : 20171129 20171129165602 ACCESSION NUMBER: 0001193125-17-355789 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171129 DATE AS OF CHANGE: 20171129 GROUP MEMBERS: LMM FAMILY CORP. GROUP MEMBERS: MARITAL TRUST I CREATED UNDER LEONARD MILLER AMENDED & RESTATED REVOCABLE TRUST AGREEMENT DATED JUNE 8, 2001 GROUP MEMBERS: MILLER CHARITABLE FUND, LLLP GROUP MEMBERS: MILLER CHARITABLE FUND, LLLP INVESTMENTS TRUST GROUP MEMBERS: MP ALPHA HOLDINGS LLLP INVESTMENT TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LENNAR CORP /NEW/ CENTRAL INDEX KEY: 0000920760 STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520] IRS NUMBER: 954337490 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49015 FILM NUMBER: 171228992 BUSINESS ADDRESS: STREET 1: 700 NW 107TH AVENUE STREET 2: SUITE 400 CITY: MIAMI STATE: FL ZIP: 33172 BUSINESS PHONE: 3055594000 MAIL ADDRESS: STREET 1: 700 NW 107TH AVENUE STREET 2: SUITE 400 CITY: MIAMI STATE: FL ZIP: 33172 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC GREYSTONE CORP /DE/ DATE OF NAME CHANGE: 19940323 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MP Alpha Holdings LLLP CENTRAL INDEX KEY: 0000931318 IRS NUMBER: 650523705 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 700 NORTHWEST 107TH AVENUE CITY: MIAMI STATE: FL ZIP: 33172 BUSINESS PHONE: 3055594000 MAIL ADDRESS: STREET 1: 700 NORTHWEST 107TH AVENUE CITY: MIAMI STATE: FL ZIP: 33172 FORMER COMPANY: FORMER CONFORMED NAME: MP Alpha Holdings LLLLP DATE OF NAME CHANGE: 20051216 FORMER COMPANY: FORMER CONFORMED NAME: LMM FAMILY PARTNERSHIP L P DATE OF NAME CHANGE: 19941013 SC 13D/A 1 d472648dsc13da.htm SC 13D AMENDMENT NO. 3 SC 13D Amendment No. 3

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

AMENDMENT NO. 3

TO

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Rule 13d-101)

 

 

LENNAR CORPORATION

(Name of Issuer)

 

 

CLASS B COMMON STOCK, PAR VALUE $0.10 PER SHARE

(Title of Class of Securities)

 

 

526057302

(CUSIP Number)

 

 

David W. Bernstein, Esq.

Goodwin Procter LLP

620 Eighth Avenue

New York, NY 10018

(212) 813 -8800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

November 27, 2017

(Date of event which requires filing of this statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box  ☐.

 

 

 

CUSIP No. 526057302   13D   Page 2 of 10 pages

 

  1.   

NAME OF REPORTING PERSON

 

MP ALPHA HOLDINGS LLLP

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

SOURCES OF FUNDS

 

NOT APPLICABLE

  5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6.    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7.    

SOLE VOTING POWER

 

0

     8.   

SHARED VOTING POWER

 

21,097,327

     9.   

SOLE DISPOSITIVE POWER

 

0

   10.   

SHARED DISPOSITIVE POWER

 

21,097,327

11.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

21,097,327

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐

 

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

58.6%

14.  

TYPE OF REPORTING PERSON

 

PN

CUSIP No. 526057302   13D   Page 3 of 10 pages

 

  1.   

NAME OF REPORTING PERSON

 

MP ALPHA HOLDINGS LLLP INVESTMENT TRUST

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

SOURCES OF FUNDS

 

NOT APPLICABLE

  5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6.    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7.    

SOLE VOTING POWER

 

0

     8.   

SHARED VOTING POWER

 

0

     9.   

SOLE DISPOSITIVE POWER

 

0

   10.   

SHARED DISPOSITIVE POWER

 

0

11.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐

 

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14.  

TYPE OF REPORTING PERSON

 

OO

CUSIP No. 526057302   13D   Page 4 of 10 pages

 

  1.   

NAME OF REPORTING PERSON

 

THE MILLER CHARITABLE FUND, LLLP

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

SOURCES OF FUNDS

 

NOT APPLICABLE

  5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6.    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7.    

SOLE VOTING POWER

 

0

     8.   

SHARED VOTING POWER

 

531,073

     9.   

SOLE DISPOSITIVE POWER

 

0

   10.   

SHARED DISPOSITIVE POWER

 

531,073

11.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

531,073

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐

 

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

1.5%

14.  

TYPE OF REPORTING PERSON

 

PN

CUSIP No. 526057302   13D   Page 5 of 10 pages

 

  1.   

NAME OF REPORTING PERSON

 

THE MILLER CHARITABLE FUND, LLLP INVESTMENTS TRUST

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

SOURCES OF FUNDS

 

NOT APPLICABLE

  5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6.    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7.    

SOLE VOTING POWER

 

0

     8.   

SHARED VOTING POWER

 

0

     9.   

SOLE DISPOSITIVE POWER

 

0

   10.   

SHARED DISPOSITIVE POWER

 

0

11.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐

 

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14.  

TYPE OF REPORTING PERSON

 

OO

CUSIP No. 526057302   13D   Page 6 of 10 pages

 

  1.   

NAME OF REPORTING PERSON

 

LMM FAMILY CORP.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

SOURCES OF FUNDS

 

NOT APPLICABLE

  5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6.    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7.    

SOLE VOTING POWER

 

0

     8.   

SHARED VOTING POWER

 

21,628,400

     9.   

SOLE DISPOSITIVE POWER

 

0

   10.   

SHARED DISPOSITIVE POWER

 

21,628,400

11.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

21,628,400

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐

 

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

60.1%

14.  

TYPE OF REPORTING PERSON

 

CO

CUSIP No. 526057302   13D   Page 7 of 10 pages

 

  1.   

NAME OF REPORTING PERSON

 

MARITAL TRUST I CREATED UNDER LEONARD MILLER AMENDED AND RESTATED REVOCABLE TRUST AGREEMENT DATED JUNE 8, 2001

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

SOURCES OF FUNDS

 

NOT APPLICABLE

  5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6.    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7.    

SOLE VOTING POWER

 

0

     8.   

SHARED VOTING POWER

 

0

     9.   

SOLE DISPOSITIVE POWER

 

0

   10.   

SHARED DISPOSITIVE POWER

 

0

11.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐

 

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14.  

TYPE OF REPORTING PERSON

 

CO

CUSIP No. 526057302   13D   Page 8 of 10 pages

 

Item 5. Interest in Securities of the Issuer.

Item 5 is amended by adding at the end of the text responding to paragraphs (a) - (b) the following:

MP Alpha Holdings LLLP Investments Trust and The Miller Charitable Fund, LLLP Investments Trust each has been dissolved in accordance with its terms and the shares it owned have been retransferred to the applicable one of MP Alpha Holdings LLLP and The Miller Charitable Fund, LLLP. This did not affect the number of shares beneficially owned by MP Alpha Holdings LLLP or The Miller Charitable Fund, LLLP, because they were treated as beneficial owners of the shares while they were held by MP Alpha Holdings LLLP Investments Trust and The Miller Charitable Fund, LLLP Investments Trust.

In 2016, Marital Trust I transferred the voting interest in LMM Family Corp. to Stuart Miller, who already shared voting power with regard to Lennar Corporation Class B common stock indirectly owned by LMM Family Corp. As a result of that transfer, Marital Trust I is no longer the beneficial owner of any Class B common stock.

On November 27, 2017, Lennar Corporation issued a stock dividend of one share of Class B common stock for each share of Class A common stock or Class B common stock that was outstanding on November 10, 2017. That stock dividend had the effect of increasing the number of shares, but reducing the percentage of the class, beneficially owned by each of MP Alpha Holdings LLLP, The Miller Charitable Fund LLLP and LMM Family Corp. as follows:

 

Reporting person

    Shares
beneficially
owned before
stock
dividend		      Shares
beneficially
owned after
stock
dividend		      Percentage of
class
beneficially
owned before
stock dividend		     Percentage of
class
beneficially
owned after
stock dividend		  

MP Alpha

      20,683,654        21,097,327        66.1 %      58.6 % 

Miller Charitable Fund

      520,660        531,073        1.7 %      1.5 % 

LMM Family Corp.

      21,204,314        21,628,400        67.7 %      60.1 % 

CUSIP No. 526057302   13D   Page 9 of 10 pages

 

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David W. Bernstein, his true and lawful attorney-in-fact and agent, with full power of substitution, to sign in any and all capacities any and all amendments to this Statement on Schedule 13D and to file those amendments and all exhibits to them and other documents to be filed in connection with them with the Securities and Exchange Commission.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: November 29, 2017

 

MP ALPHA HOLDINGS LLLP
By:   LMM Family Corp.
  its general partner
By:  

/s/ Stuart A. Miller

  Stuart A. Miller
  President
MP ALPHA HOLDINGS LLLP INVESTMENTS TRUST
By:  

/s/ Stuart A. Miller

  Stuart A. Miller
  Trustee
LMM FAMILY CORP.
By:  

/s/ Stuart A. Miller

  Stuart A. Miller
  President

CUSIP No. 526057302   13D   Page 10 of 10 pages

 

MARITAL TRUST I CREATED UNDER THE LEONARD MILLER AMENDED AND RESTATED REVOCABLE TRUST AGREEMENT DATED JUNE 8, 2001
        By:  

/s/ Stuart A. Miller

  Stuart A. Miller
  Trustee
        THE MILLER CHARITABLE FUND, LLLP
        By:   LLM Family Corp.
  its general partner
        By:  

/s/ Stuart A. Miller

  Stuart A. Miller
  President
        THE MILLER CHARITABLE FUND LLLP
        INVESTMENTS TRUST
        By:  

/s/ Stuart A. Miller

  Stuart A. Miller
  Trustee