Sec Form 4 Filing - AMES MARSHALL H @ LENNAR CORP /NEW/ - 2007-12-27

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 AMES MARSHALL H 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) LENNAR CORPORATION, 700 NW 107TH AVENUE SUITE 400 3. Date of Earliest Transaction (MM/DD/YY) 12/27/2007 (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 12/27/2007 S 30,000 D $ 18.0058 138,815 D Class A Common Stock 712 I By IRA Trust Class A Common Stock 10,067 I By ESOP Trust Class B Common Stock 20,440 D Class B Common Stock 70 I By IRA Trust Class B Common Stock 1,010 I By ESOP 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 Acqu ired (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 Stock Option (Right to Buy) $ 18.32 03/06/2005 03/06/2011 Class A Common Stock 4,200 4,200 D Stock Option (Right to Buy) $ 26.32 01/25/2006 01/25/2012 Class A Common Stock 4,200 4,200 D Stock Option (Right to Buy) $ 27.845 01/23/2007 01/23/2008 Class A Common Stock 36,000 36,000 D Stock Option (Right to Buy) $ 46.42 12/17/2004( 1 ) 12/17/2008 Class A Common Stock 18,000 18,000 D Stock Option (Right to Buy) $ 55 12/16/2005( 1 ) 12/16/2009 Class A Common Stock 10,000 10,000 D Stock Option (Right to Buy) $ 62.675 01/05/2007( 1 ) 01/05/2011 Class A Common Stock 10,000 10,000 D Class A Common Stock ( 3 ) $ 0 08/08/1988( 4 ) 08/08/1988( 4 ) Class A Common Stock 16,000 16,000 D Stock Option (Right to Acquire) $ 0 03/06/2005 03/06/2011 Class B Common Stock 420 ( 2 ) 420 D Stock Option (Right to Acquire) $ 0 01/25/2006 01/25/2012 Class B Common Stock 420 ( 2 ) 420 D Stock Option (Right to Acquire) $ 0 01/23/2007 01/23/2008 Class B Common Stock 3,600 ( 2 ) 3,600 D Class B Common Stock ( 3 ) $ 0 08/08/1988( 4 ) 08/08/1988( 4 ) Class B Common Stock 1,600 1,600 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other AMES MARSHALL H LENNAR CORPORATION 700 NW 107TH AVENUE SUITE 400 MIAMI, FL33172 Vice President Signatures Marshall H. Ames 12/28/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Stock options granted become exercisable in four annual installments. 10% of the stock options become exercisable on the first anniversary of the grant date and 30% of the stock options become exercisable on each of the next three anniversaries of the grant date. ( 2 )Represents shares of Class B Common Stock to be issued upon the exercise of certain options to purchase Class A Common Stock. ( 3 )Contractual right to receive shares in the future. ( 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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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