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

Page 7 of 10 – SEC Filing

	(g)	¨	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
	(i)	¨	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
	(j)	¨	A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
	(k)	¨	Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

	If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J),
	please specify the type of institution:

Item 4.	Ownership
	A.  Eminence Capital, LP
	(a)	Amount beneficially owned: 10,180,202
	(b)	Percent of class: 5.2%.  The percentages used herein and in the rest of Item 4 are calculated based upon the 196,500,243 shares of Class A Common Stock outstanding as of August 31, 2016, as set forth in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2016 filed with the Securities and Exchange Commission on October 4, 2016.
	(c)	(i) Sole power to vote or direct the vote: 0
		(ii) Shared power to vote or direct the vote: 10,180,202
		(iii) Sole power to dispose or direct the disposition: 0
		(iv) Shared power to dispose or direct the disposition: 10,180,202

	B.  Eminence GP, LLC
	(a)	Amount beneficially owned: 8,212,235
	(b)	Percent of class: 4.2%
	(c)	(i) Sole power to vote or direct the vote: 0
		(ii) Shared power to vote or direct the vote: 8,212,235
		(iii) Sole power to dispose or direct the disposition: 0
		(iv) Shared power to dispose or direct the disposition: 8,212,235

	C.  Ricky C. Sandler
	(a)	Amount beneficially owned: 10,180,202
	(b)	Percent of class: 5.2%
	(c)	(i) Sole power to vote or direct the vote: 0
		(ii) Shared power to vote or direct the vote: 10,180,202
		(iii) Sole power to dispose or direct the disposition: 0
		(iv) Shared power to dispose or direct the disposition: 10,180,202

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