Sec Form 4 Filing - PEKOR ALLAN J @ LENNAR CORP /NEW/ - 2005-03-24

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 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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1. Name and Address of Reporting Person PEKOR ALLAN 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 (Last) (First) (Middle) 700 NORTHWEST 107TH AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 03/24/2005 (Street) MIAMI, FL33172 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/24/2005 M 6,000 A $ 18.32 0 D Class B Common Stock 03/24/2005 M 600 A $ 0 ( 1 ) 0 D Class A Common Stock 03/24/2005 S 5,038 D $ 57.1286 31,104 D ( 2 ) Class B Common Stock 03/28/2005 S 503 D $ 52.4963 3,111 D ( 3 ) Class A Common Stock 11,734 I By ESOP Trust Class B Common Stock 1,172 I By ESOP Trust Class A Common Stock 258 I By IRA Trust Class B Common Stock 24 I By IRA Trust

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Option (Right to Buy) $ 18.32 03/24/2005 M 6,000 03/06/2005 03/06/2011 Class A Common Stock 6,000 $ 0 0 D Option (Right to Buy) $ 0 ( 1 ) 03/24/2005 M 600 03/06/2005 03/06/2011 Class B Common Stock 600 $ 0 0 D Option (Right to Buy) $ 0 ( 4 ) 08/08/1988( 4 ) 08/08/1988( 4 ) Class A Common Stock 72,000 72,000 D Option (Right to Buy) $ 0 ( 4 ) 08/08/1988( 4 ) 08/08/1988( 4 ) Class B Common Stock 7,200 7,200 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PEKOR ALLAN J 700 NORTHWEST 107TH AVENUE MIAMI, FL33172 Vice President Signatures Allan J. Pekor 03/28/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )Includes 18,000 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05. ( 3 )Includes 1,800 shares held pursuant to a Restricted Stock Plan, subject to forfeiture, vesting on 6/22/05. ( 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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