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 *
MILLER STUART A
   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)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President/CEO
(Last)
(First)
(Middle)
700 NW 107TH AVENUE, SUITE 400		 3. Date of Earliest Transaction (Month/Day/Year)
01/26/2010
(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 01/26/2010   M   8,000 A $ 8.25 1,423,963 D  
Class A Common Stock 01/26/2010   M   12,000 A $ 9.075 1,435,963 D  
Class A Common Stock               36,850 I By Trust (1)
Class A Common Stock               18,097 I By ESOP Trust
Class B Common Stock 01/26/2010   M   2,000 A $ 0 96,827 D  
Class B Common Stock               1,834 I By ESOP Trust
Class B Common Stock               21,207,996 I By Family Trust (1)

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 01/26/2010   M     8,000 02/07/2004 02/07/2010 Class A Common Stock 8,000 $ 8.25 0 D  
Stock Option (Right to Buy) $ 9.075 01/26/2010   M     12,000 02/07/2004 02/07/2010 Class A Common Stock 12,000 $ 9.075 0 D  
Stock Option (Right to Buy) $ 18.32             03/06/2005 03/06/2011 Class A Common Stock 9,030   9,030 D  
Stock Option (Right to Buy) $ 26.32             01/25/2006 01/25/2012 Class A Common Stock 16,202   16,202 D  
Stock Option (Right to Buy) $ 62.675             01/05/2007(2) 01/05/2011 Class A Common Stock 196,810   196,810 D  
Stock Option (Right to Buy) $ 68.9425             01/05/2009(2) 01/05/2011 Class A Common Stock 3,190   3,190 D  
Stock Option (Right to Acquire) $ 0 01/26/2010   M     800 02/07/2004 02/07/2010 Class B Common Stock 800 (3) $ 0 0 D  
Stock Option (Right to Acquire) $ 0 01/26/2010   M     1,200 02/07/2004 02/07/2010 Class B Common Stock 1,200 (3) $ 0 0 D  
Stock Option (Right to Acquire) $ 0             03/06/2005 03/06/2011 Class B Common Stock 903 (3)   903 D  
Stock Option (Right to Acquire) $ 0             01/25/2006 01/25/2012 Class B Common Stock 1,620 (3)   1,620 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MILLER STUART A
700 NW 107TH AVENUE
SUITE 400
MIAMI, FL 33172		   X   X   President/CEO  

Signatures

 Mark Sustana as Attorney-in-fact for Stuart A. Miller   01/27/2010
**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) Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.
(2) Stock Options granted become exercisable in four annual installments. 10% 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.
(3) 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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