Eminence Capital Boosts Lennar Corporation (LEN) Stake To 5.2%

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Page 5 of 10 – SEC Filing
Item 1(a). Name of Issuer
The name of the issuer is
Lennar Corporation (the “Company”).
Item 1(b). Address of Issuer’s Principal Executive Offices
The Company’s principal
executive offices are located at 700 Northwest 107th Avenue, Miami, Florida 33172.
Item 2. Name of Person Filing:
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
(i) Eminence Capital, LP, a
Delaware limited partnership (“Eminence Capital”);
(ii) Eminence GP, LLC, a
Delaware limited liability company (“Eminence GP”); and
(iii) Ricky C. Sandler, a U.S. Citizen (“Mr. Sandler”).
This statement relates to
shares of Class A Common Stock (as defined in Item 2(d) below) held for the accounts of:
(i) Eminence Partners, L.P.,
a New York limited partnership (“Eminence I”); Eminence Partners II, L.P., a New York limited partnership
(“Eminence II”); Eminence Partners Leveraged, L.P., a Delaware limited partnership (“Eminence
Leveraged”); Eminence Eaglewood Master, L.P., a Delaware limited partnership (“Eminence Eaglewood”); Eminence
Partners Long, L.P., a Delaware limited partnership (together with Eminence I, Eminence II, Eminence Leveraged and Eminence
Eaglewood, the “Partnerships”); as well as Eminence Fund Master, Ltd. (“Eminence Offshore Master Fund”), a Cayman Islands company, and Eminence Fund Long, Ltd. (“Eminence Offshore Long”), a Cayman Islands
company.  The Partnerships, Eminence Offshore Master Fund and Eminence Offshore Long are collectively referred to
as the “Eminence Funds”; and
(ii) A separately managed account (the “SMA”).
Eminence Capital serves as
the management company to the Eminence Funds with respect to the shares of Class A Common Stock directly owned by the
Eminence Funds and the investment adviser to the SMA with respect to the shares of Class A Common Stock directly owned
by the SMA.  Eminence Capital may be deemed to have voting and dispositive power over the shares held for
the accounts of the Eminence Funds and the SMA.
Eminence GP serves as
general partner or manager with respect to the shares of Class A Common Stock directly owned by the Partnerships and
Eminence Offshore Master Fund and may be deemed to have voting and dispositive power over the shares held for the accounts of the
Partnerships and Eminence Offshore Master Fund.

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