Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 3
TO
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Rule 13d-101)
LENNAR CORPORATION
(Name of Issuer)
CLASS B COMMON STOCK, PAR VALUE $0.10 PER SHARE
(Title of Class of Securities)
526057302
(CUSIP Number)
David W. Bernstein, Esq.
Goodwin Procter LLP
620 Eighth Avenue
New York, NY 10018
(212) 813 -8800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 27, 2017
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐.
CUSIP No. 526057302 | 13D | Page 2 of 10 pages |
1. | NAME OF REPORTING PERSON
MP ALPHA HOLDINGS LLLP | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCES OF FUNDS
NOT APPLICABLE | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
| |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
0 | ||||
8. | SHARED VOTING POWER
21,097,327 | |||||
9. | SOLE DISPOSITIVE POWER
0 | |||||
10. | SHARED DISPOSITIVE POWER
21,097,327 |
11. A0; |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,097,327 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.6% | |||||
14. | TYPE OF REPORTING PERSON
PN |
CUSIP No. 526057302 | 13D | Page 3 of 10 pages |
1. | NAME OF REPORTING PERSON
MP ALPHA HOLDINGS LLLP INVESTMENT TRUST | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCES OF FUNDS
NOT APPLICABLE | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
| |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
0 | ||||
8. | SHARED VOTING POWER
0 | |||||
9. | SOLE DISPOSITIVE POWER
0 | |||||
10. | SHARED DISPOSITIVE POWER
0 |
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14. | TYPE OF REPORTING PERSON
OO |
CUSIP No. 526057302 | 13D | Page 4 of 10 pages |
1. | NAME OF REPORTING PERSON
THE MILLER CHARITABLE FUND, LLLP | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCES OF FUNDS
NOT APPLICABLE | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
| |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
0 | ||||
8. | SHARED VOTING POWER
531,073 | |||||
9. | SOLE DISPOSITIVE POWER
0 | |||||
10. | SHARED DISPOSITIVE POWER
531,073 |
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,073 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5% | |||||
14. | TYPE OF REPORTING PERSON
PN |
CUSIP No. 526057302 | 13D | Page 5 of 10 pages |
1. | NAME OF REPORTING PERSON
THE MILLER CHARITABLE FUND, LLLP INVESTMENTS TRUST | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCES OF FUNDS
NOT APPLICABLE | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
| |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
0 | ||||
8. | SHARED VOTING POWER
0 | |||||
9. | SOLE DISPOSITIVE POWER
0 | |||||
10. | SHARED DISPOSITIVE POWER
0 |
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14. | TYPE OF REPORTING PERSON
OO |
CUSIP No. 526057302 | 13D | Page 6 of 10 pages |
1. | NAME OF REPORTING PERSON
LMM FAMILY CORP. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCES OF FUNDS
NOT APPLICABLE | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
| |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
0 | ||||
8. | SHARED VOTING POWER
21,628,400 | |||||
9. | SOLE DISPOSITIVE POWER
0 | |||||
10. | SHARED DISPOSITIVE POWER
21,628,400 |
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,628,400 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.1% | |||||
14. | TYPE OF REPORTING PERSON
CO |
CUSIP No. 526057302 | 13D | Page 7 of 10 pages |
1. | NAME OF REPORTING PERSON
MARITAL TRUST I CREATED UNDER LEONARD MILLER AMENDED AND RESTATED REVOCABLE TRUST AGREEMENT DATED JUNE 8, 2001 | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCES OF FUNDS
NOT APPLICABLE | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
| |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
0 | ||||
8. | SHARED VOTING POWER
0 | |||||
9. | SOLE DISPOSITIVE POWER
0 | |||||
10. | SHARED DISPOSITIVE POWER
0 |
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14. | TYPE OF REPORTING PERSON
CO |
CUSIP No. 526057302 | 13D | Page 8 of 10 pages |
Item 5. | Interest in Securities of the Issuer. |
Item 5 is amended by adding at the end of the text responding to paragraphs (a) - (b) the following:
MP Alpha Holdings LLLP Investments Trust and The Miller Charitable Fund, LLLP Investments Trust each has been dissolved in accordance with its terms and the shares it owned have been retransferred to the applicable one of MP Alpha Holdings LLLP and The Miller Charitable Fund, LLLP. This did not affect the number of shares beneficially owned by MP Alpha Holdings LLLP or The Miller Charitable Fund, LLLP, because they were treated as beneficial owners of the shares while they were held by MP Alpha Holdings LLLP Investments Trust and The Miller Charitable Fund, LLLP Investments Trust.
In 2016, Marital Trust I transferred the voting interest in LMM Family Corp. to Stuart Miller, who already shared voting power with regard to Lennar Corporation Class B common stock indirectly owned by LMM Family Corp. As a result of that transfer, Marital Trust I is no longer the beneficial owner of any Class B common stock.
On November 27, 2017, Lennar Corporation issued a stock dividend of one share of Class B common stock for each share of Class A common stock or Class B common stock that was outstanding on November 10, 2017. That stock dividend had the effect of increasing the number of shares, but reducing the percentage of the class, beneficially owned by each of MP Alpha Holdings LLLP, The Miller Charitable Fund LLLP and LMM Family Corp. as follows:
Reporting person |
Shares beneficially owned before stock dividend |
Shares beneficially owned after stock dividend |
Percentage of class beneficially owned before stock dividend |
Percentage of class beneficially owned after stock dividend |
||||||||||||
MP Alpha |
20,683,654 | 21,097,327 | 66.1 | % | 58.6 | % | ||||||||||
Miller Charitable Fund |
520,660 | 531,073 | 1.7 | % | 1.5 | % | ||||||||||
LMM Family Corp. |
21,204,314 | 21,628,400 | 67.7 | % | 60.1 | % |
CUSIP No. 526057302 | 13D | Page 9 of 10 pages |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David W. Bernstein, his true and lawful attorney-in-fact and agent, with full power of substitution, to sign in any and all capacities any and all amendments to this Statement on Schedule 13D and to file those amendments and all exhibits to them and other documents to be filed in connection with them with the Securities and Exchange Commission.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: November 29, 2017
MP ALPHA HOLDINGS LLLP | ||
By: | LMM Family Corp. | |
its general partner | ||
By: | /s/ Stuart A. Miller | |
Stuart A. Miller | ||
President | ||
MP ALPHA HOLDINGS LLLP INVESTMENTS TRUST | ||
By: | /s/ Stuart A. Miller | |
Stuart A. Miller | ||
Trustee | ||
LMM FAMILY CORP. | ||
By: | /s/ Stuart A. Miller | |
Stuart A. Miller | ||
President |
CUSIP No. 526057302 | 13D | Page 10 of 10 pages |
MARITAL TRUST I CREATED UNDER THE LEONARD MILLER AMENDED AND RESTATED REVOCABLE TRUST AGREEMENT DATED JUNE 8, 2001 | ||
By: | /s/ Stuart A. Miller | |
Stuart A. Miller | ||
Trustee | ||
THE MILLER CHARITABLE FUND, LLLP | ||
By: | LLM Family Corp. | |
its general partner | ||
By: | /s/ Stuart A. Miller | |
Stuart A. Miller | ||
President | ||
THE MILLER CHARITABLE FUND LLLP | ||
INVESTMENTS TRUST | ||
By: | /s/ Stuart A. Miller | |
Stuart A. Miller | ||
Trustee |