Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934
March
3, 2006
Date
of Report (Date of earliest event reported)
LENNAR
CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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1-11749
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95-4337490
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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700
Northwest 107th
Avenue, Miami, Florida 33172
(Address
of principal executive offices) (Zip Code)
(305)
559-4000
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
8.01. Other Events.
On
March
3, 2006, Lennar Corporation (the “Company”) provided notice to J.P. Morgan Trust
Company, N.A. (the “Trustee”), that the Company will redeem all of its
outstanding 5.125% Zero-Coupon Convertible Senior Subordinated Notes due 2021
(the “Notes”), in accordance with the terms of the Indenture, dated December 31,
1997, between the Company and the Trustee, as supplemented by the Fifth
Supplemental Indenture dated April 4, 2001 (together, the
“Indenture”).
The
redemption date will be April 4, 2006 (the “Redemption Date”). Under the terms
of the Indenture, the redemption price is $468.10 per $1,000 principal amount
at
maturity (the “Redemption Price”), which represents the original issue price
plus accrued original issue discount to the Redemption Date. The Notes are
currently convertible at a rate of 14.1754 shares of the Company’s Class A
common stock per $1,000 principal amount at maturity. The conversion deadline
is
April 4, 2006. As of February 28, 2006, $299 million in aggregate principal
amount of the Notes was outstanding.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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| Date:
March 9, 2006 |
Lennar
Corporation |
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By: |
/s/
Bruce E. Gross |
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Name: Bruce
E. Gross |
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Title:
Vice
President and Chief Financial Officer
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