Edgar Filing: JOHNSON CRAIG M

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

JOHNSON CRAIG M

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

(Last)

(First)

(Middle)

10707 CLAY ROAD

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2004

(Street)

HOUSTON, TX 77041

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	12/17/2004		M		6,542	A	$ 18.32	0	D
Class A Common Stock	12/17/2004		M		1,400	A	$ 20.768	0	D
Class A Common Stock	12/17/2004		M		8,000	A	$ 26.32	0	D
Class A Common Stock	12/17/2004		M		6,000	A	$ 27.845	0	D
Class A Common Stock	12/17/2004		S		21,942	D	$ 55.1369	24,000	D ⁽¹⁾
Class B Common Stock	12/17/2004		M		2,194	A	$ 0	2,400	D ⁽²⁾
Class A Common Stock								121,081	I	Held by Trust
Class B Common Stock								7,738	I	Held by Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option

$ 18.32

12/17/2004

1,084

03/06/2003

03/06/2011

Class A Common Stock

1,084

$ 0

Option

$ 18.32

12/17/2004

5,458

03/06/2004

03/06/2011

Class A Common Stock

5,458

$ 0

Option

$ 20.768

12/17/2004

1,400

08/08/2002

08/08/2011

Class A Common Stock

1,400

$ 0

Option

$ 26.32

12/17/2004

2,000

01/25/2003

01/25/2012

Class A Common Stock

2,000

$ 0

Option

$ 26.32

12/17/2004

6,000

01/25/2004

01/25/2012

Class A Common Stock

6,000

$ 0

Option

$ 27.845

12/17/2004

6,000

01/23/2004

01/23/2008

Class A Common Stock

6,000

$ 0

Option

$ 0 ⁽³⁾

12/17/2004

108

03/06/2003

03/06/2011

Class B Common Stock

108

$ 0

Option

$ 0 ⁽³⁾

12/17/2004

546

03/06/2004

03/06/2011

Class B Common Stock

546

$ 0

Option

$ 0 ⁽³⁾

12/17/2004

140

08/08/2002

08/08/2011

Class B Common Stock

140

$ 0

Option

$ 0 ⁽³⁾

12/17/2004

200

01/25/2003

01/25/2012

Class B Common Stock

200

$ 0

Option

$ 0 ⁽³⁾

12/17/2004

600

01/25/2004

01/25/2012

Class B Common Stock

600

$ 0

Option

$ 0 ⁽³⁾

12/17/2004

600

01/23/2004

01/23/2008

Class B Common Stock

600

$ 0

Option

$ 55

12/16/2004

1,000

12/16/2005

12/16/2009

Class A Common Stock

1,000

$ 0

Option

$ 55

12/16/2004

3,000

12/16/2006

12/16/2009

Class A Common Stock

3,000

$ 0

Option

$ 55

12/16/2004

3,000

12/16/2007

12/16/2009

Class A Common Stock

3,000

$ 0

Option

$ 55

12/16/2004

3,000

12/16/2008

12/16/2009

Class A Common Stock

3,000

$ 0

Class A Common Stock ⁽⁵⁾

$ 0 ⁽⁴⁾

08/08/1988⁽⁴⁾

Class A Common Stock

8,000

Class B Common Stock ⁽⁵⁾

$ 0 ⁽⁴⁾

08/08/1988⁽⁴⁾

Class B Common Stock

800

Option

$ 0 ⁽⁴⁾

08/08/1988⁽⁴⁾

Class A Common Stock

102,600

Option

$ 0 ⁽⁴⁾

08/08/1988⁽⁴⁾

Class B Common Stock

7,260

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
JOHNSON CRAIG M 10707 CLAY ROAD HOUSTON, TX 77041			Vice President

Signatures

Craig M. Johnson		12/20/2004
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes 24,000 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05.
(2)	Includes 2,400 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05.
(3)	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.
(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)	Contractual right to receive shares in the future.

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