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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
---------- WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Saiontz Steven J.
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(Last) (First) (Middle)
760 N.W. 107th Avenue
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(Street)
Miami FL 33172
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol LNR Property Corporation / LNR
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3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary)
4. Statement for Month/Year Mar-02
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5. If Amendment, Date of Original (Mo./Yr.)
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6. Relationship of Reporting Person to Issuer (Check all applicable)
_X_ Director _X_ Officer ___ 10% Owner ___ Other
(give title below) (specify below)
Chief Executive Office
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7. Individual or Joint/Group Filing
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4, and 5) Beneficially Form: direct
(Instr. 3) (Mo./ (Instruction Owned at Direct Bene-
Day/ 8) End of (D) or ficial
Yr.) ----------------------------------------------- Issuer's Fiscal Indirect Owner (4)
Code V Amount / A or D / Price Year (Instr. 4)
(Instr. 3 and 4)
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Common Stock N/A N/A N/A 1,945 I By Savings Plan
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Common Stock N/A N/A N/A 4,799 I By IRA Trust
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Common Stock 3/15/2002 J 50,000 / (D) / $32.93 282,394 D
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Restricted Common
Stock (1) N/A N/A N/A 150,000 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
(1) Represents shares of restricted stock. The shares vest with respect to
one-quarter of the total number of shares on January 19, 2002 (200,000), and the
remainder will vest on each of January 19, 2003, January 19, 2004 and January
19, 2005 to the extent of one-quarter of the total number of shares.
(J) Represents a sale to LNR Property Corporation of stock upon which
restrictions have lapsed.
FORM 4 (continued) Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. Transac- 4. Transac- 5. Number of 6. Date 7. Title/Amt. 8. Price of
Derivative sion or tion Date tion Code Derivative Exercisable of Derivative
Security Exercise (Month/Day (Instr. 8) Securities and Exp- Underlying Security
(Instr. 3) Price of Year) Acquired iration Date Securities (Instr. 5)
Deriv- (A) or (Month/Day (Instr 3 & 4)
ative Disposed Year)
Security of (D)
Instr. 3,4,5 Title/Amt.
Code / V (A) (D) Exer/Expir. or # of shares
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Common Stock Options 24.8125 N/A N/A N/A 10-31-98 / 10-30-07 Common Stock N/A
Options/ 200,000
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Common Stock Options 18.15625 N/A N/A N/A 01-28-01 / 01-27-10 Common Stock N/A
Options/ 20,000
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Common Stock Options 26.84375 N/A N/A N/A 01-17-02 / 01-16-11 Common Stock N/A
Options/ 20,000
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Common Stock Options 31.30 N/A N/A N/A 01-02-03 / 01-01-12 Common Stock N/A
Options/ 20,000
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9. Number 10. Owner- 11. Nature
of Deriv- ship Form of Indirect
ative of Beneficial
Securities Derivative Ownership
Beneficially Security (Instr. 4)
Owned at Direct (D)
End of or
Year Indirect (I)
(Instr. 4) Instr. 4)
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200,000 D
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20,000 D
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20,000 D
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20,000 D
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Explanation of Responses:
* Reporting person denies beneficial ownership of these securities
/s/ Steven J. Saiontz 3/10/2002
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** International misstatements or ommissions of facts constitute ** Signature of Reporting Person Date
Federal Criminal Violations. Steven J. Saiontz
See 18 U. S. C. 1001 and 15 U. S. C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See instruction 6 for procedure.