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 *
BESSETTE DIANE J
   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/Treasurer
(Last)
(First)
(Middle)
700 NW 107TH AVENUE, SUITE 400		 3. Date of Earliest Transaction (Month/Day/Year)
01/13/2010
(Street)

MIAMI, FL 33172		 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)
Code V Amount (A) or (D) Price
Class A Common Stock 01/13/2010   M   7,602 A $ 8.25 167,257 D  
Class A Common Stock 01/13/2010   S   7,602 D $ 16 159,655 D  
Class A Common Stock               2,400 I By spouse UTMA FL custodian for minor child (1)
Class A Common Stock               2,400 I By reporting person as UTMA FL for minor child (2)
Class B Common Stock 01/13/2010   M   760 A $ 0 2,009 D  
Class B Common Stock               2,375 I By spouse UTMA FL custodian for minor child (1)
Class B Common Stock               2,375 I By reporting person as UTMA FL for minor child (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 8.25 01/13/2010   M     7,602 02/07/2004 02/07/2010 Class A Common Stock 7,602 $ 8.25 0 D  
Stock Option (Right to Buy) $ 18.32             03/06/2005 03/06/2011 Class A Common Stock 14,000   14,000 D  
Stock Option (Right to Buy) $ 26.32             01/25/2006 01/25/2012 Class A Common Stock 14,000   14,000 D  
Stock Option (Right to Buy) $ 62.675             01/05/2007 01/05/2011 Class A Common Stock 30,000   30,000 D  
Stock Option (Right to Buy) $ 13.54             07/23/2009(3) 07/23/2013 Class A Common Stock 40,000   40,000 D  
Stock Option (Right to Acquire) $ 0 01/13/2010   M     760 02/07/2004 02/07/2010 Class B Common Stock 760 (4) $ 0 0 D  
Stock Option (Right to Acquire) $ 0             03/06/2005 03/06/2011 Class B Common Stock 1,400 (4)   1,400 D  
Stock Option (Right to Acquire) $ 0             01/25/2006 01/25/2012 Class B Common Stock 1,400 (4)   1,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BESSETTE DIANE J
700 NW 107TH AVENUE
SUITE 400
MIAMI, FL 33172		       Vice President/Treasurer  

Signatures

 Diane Bessette   01/15/2010
**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) Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
(2) Shares are held of record by the Reporting Person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
(3) These stock options become exercisable in installments of 25% on each of the first four anniversaries of the grant date.
(4) Represents shares of Class B Common Stock to be issued upon the exercise of certain options to purchase Class A Common Stock.

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