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FORM 4 OMB Approval
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Check this box if no ---------- OMB Number: 3235-0287
longer subject to ---------- Expires: January 31, 2005
Section 16. Form 4 Estimated average burden
or Form 5 obligations may continue. hours per response....0.5
See Instruction 1(b) ------------------------------
U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Griffith Mark
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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)
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2. Issuer Name and Ticker or Trading Symbol
LNR Property Corporation / LNR
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3. IRS Identification 4. Statement for
Number of Month/Year
Reporting Person, if Apr-02
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an entity 5. If Amendment, Date
(voluntary) of Original (Mo./Yr.)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
_________ Director ________ 10% Owner
X Officer (give ________ Other (specify
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title below) below)
Vice President
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7. Individual of Joint/Group Filing
X Form filed by One Reporting Person
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___ Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature
of action action (A) or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4, and 5) Beneficially Form: direct
(Instr. 3) (Mon/ (Instruction Owned at Direct Bene-
8)
Day/ ---------------------------------------- End of (D) or ficial
Yr) Month Indirect Owner (4)
Code/V Amount / A or D / Price (Instr. 3 and 4) (Instr. 4)
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Common Stock N/A N/A N/A 1 I By Savings Plan
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Common Stock 4/1/2002 J (2) (2) 14,600 D
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Common Stock N/A N/A N/A 347 I By IRA Trust
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Common Stock N/A N/A N/A 5 I By Son
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Restricted Common Stock (1) N/A N/A N/A 37,500 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 will vest with respect to
one-quarter of the total number of shares on January 19, 2002 (50,000), 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.
(2) Represents the purchase of 8,162 shares under the 2001 Senior Officer Stock
Purchase Plan on 4/1/02 at $29.39 per share. The 8,162 shares were sold on
4/4/02. 2,462 shares were sold at $34.80 per share and 5,700 shares were sold at
$34.56 per share.
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 Derivative Security 2. Conver- 3. Transac- 4. Transac- 5. Number of 6. Date
(Instr. 3) sion or tion Date tion Code Derivative Exercisable
Exercise (Month/Day (Instr. 8) Securities and Exp-
Price of Year) Acquired iration Date
Deriv- (A) or (Month/Day
ative Disposed Year)
Security of (D)
Instr. 3,4,5
Code / V (A) (D) Exer/Expir.
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Common Stock Options 11.97 N/A N/A N/A 10-31-97 / 06-30-03
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Common Stock Options 9.92 N/A N/A N/A 10-31-97 / 12-22-04
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Common Stock Options 24.8125 N/A N/A N/A 10-31-98 / 10-30-07
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Common Stock Options 17.3125 N/A N/A N/A 01-01-99 / 12-14-07
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Common Stock Options 18.15625 N/A N/A N/A 01-28-01 / 01-27-10
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Common Stock Options 26.84375 N/A N/A N/A 01-17-02 / 01-16-11
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Common Stock Options 31.30 N/A N/A N/A 01-02-03 / 01-01-12
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Stock Purchase Agreement (2) 29.39 4/1/2002 X 8,162 (D) 04-01-03 / 04-01-06
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Stock Purchase Agreement (3) 36.12 4/30/2002 I 11,609 (A) 04-01-03 / 04-01-07
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7. Title/Amt. 8. Price of 9. Number 10. Owner- 11. Nature
of Derivative of Deriv- ship Form of Indirect
Underlying Security ative of Beneficial
Securities (Instr. 5) Securities Derivative Ownership
(Instr 3 & 4) Beneficially Securities (Instr. 4)
Owned at Beneficially
End of Month Owned at End
Title/Amt. (Instr. 4) of Month
or # of shares (Instr. 4)
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Common Stock Options/ 14,797 N/A 14,797 D
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Common Stock Options/ 8,221 N/A 8,221 D
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Common Stock Options/ 37,500 N/A 37,500 D
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Common Stock Options/ 26,250 N/A 26,250 D
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Common Stock Options/ 10,000 N/A 10,000 D
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Common Stock Options/ 10,000 N/A 10,000 D
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Common Stock Options/ 10,000 N/A 10,000 D
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Stock Purchase Agreement/ 19,849 N/A 19,849 D
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Stock Purchase Agreement/ 11,609 N/A 11,609 D
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Explanation of Responses:
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
** International misstatements or ommissions of facts constitute Federal
Criminal Violations.
See 18 U. S. C. 1001 and 15 U. S. C. 78ff(a).
/s/ Mark A. Griffith 5/10/2002
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** Signature of Reporting Person Date
Mark A. Griffith
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient,
See instruction 6 for procedure.
(2) Represents a signed purchase agreement under the 2001 Senior Officer Stock
Purchase Plan. On April 1st of each year from 2003 through 2006, Mr. Griffith
will make purchases of LNR common stock. These purchases will total 19,849
shares.
(3) Represents a signed purchase agreement under the 2001 Senior Officer Stock
Purchase Plan. On April 1st of each year from 2003 through 2007, Mr. Griffith
will make purchases of LNR common stock. These purchases will total 11,609
shares.
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