SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
AMENDMENT NO. 2
TO
SCHEDULE 13D
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.
Clifford Chance US LLP
31 West 52nd Street
New York, New York 10019
(212) 878-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
--------------------------
December 16, 2005
(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 |_|.
1
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CUSIP No. 526057302 13D Page 2 of 10 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
MP ALPHA HOLDINGS LLLP
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 20,683,654
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
20,683,654
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,683,654
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.7%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
2
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CUSIP No. 526057302 13D Page 3 of 10 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
MP ALPHA HOLDINGS LLLP INVESTMENTS TRUST
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 20,683,654
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
20,683,654
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,683,654
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.7%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
3
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CUSIP No. 526057302 13D Page 4 of 10 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
LMM FAMILY CORP.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 21,204,314
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
21,204,314
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,204,314
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.3%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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4
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CUSIP No. 526057302 13D Page 5 of 10 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
MATERIAL 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) |X|
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 21,204,314
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
21,204,314
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,204,314
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.3%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
0O
--------------------------------------------------------------------------------
5
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CUSIP No. 526057302 13D Page 6 of 10 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE MILLER CHARITABLE FUND, LLLP
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 520,660
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
520,660
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
520,660
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
6
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CUSIP No. 526057302 13D Page 7 of 10 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE MILLER CHARITABLE FUND, LLLP INVESTMENTS TRUST
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 520,660
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
520,660
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
520,660
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
7
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:
On January 20, 2004, MP Alpha Holdings LLLP (then named "LLM Family
Partnership, L.P.") received 10,341,827 shares of Class B common stock, and The
Miller Charitable Fund, LLLP received 260,330 shares of Class B common stock, as
a result of a two-for-one stock split in the form of a 100% stock dividend.
On April 1, 2005, the name of LMM Family Partnership, L.P. was changed
to MP Alpha Holdings LP. Also on April 1, 2005, MP Alpha Holdings LP became a
limited liability limited partnership and is referred to as MP Alpha Holdings
LLLP. The Miller Charitable Fund, L.P. is also now a limited liability limited
partnership and is referred to as The Miller Charitable Fund, LLLP.
On December 16, 2005, MP Alpha Holdings LLLP transferred all of its
20,683,654 shares of Class B common stock to MP Alpha Holdings LLLP Investments
Trust. A copy of the MP Alpha Holdings LLLP Investments Trust Agreement is
attached as Exhibit 7.02. As a result of this transaction, on December 16,
2005, MP Alpha Holdings LLLP Investments Trust became a beneficial owner of,
with voting and dispositive power over, a total of 20,683,654 shares of Class B
common stock of the Company.
On December 16, 2005, The Miller Charitable Fund, LLLP transferred
520,660 shares to the Miller Charitable Fund LLLP Investments Trust. A copy of
the Miller Charitable Fund LLLP Investments Trust Agreement is attached as
Exhibit 7.03. As a result of this transaction, on December 16, 2005, the
Miller Charitable Fund LLLP Investments Trust became a beneficial owner of, with
voting and dispositive power over, a total of 520,660 shares of Class B common
stock of the Company.
8
Item 7. Materials to be filed as Exhibits
7.01 Agreement relating to filing Joint Aquisition Statement Pursuant to Rule
13d(1)(k)(1).
7.02 MP Alpha Holdings LLLP Investments Trust Agreement.
7.03 The Miller Charitable Fund LLLP Investments Trust Agreement.
9
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: December 16, 2005
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
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
10