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/OMB Approval /
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FORM 4 U. S. SECURITIES AND EXCHANGE COMMISSION /OMB Number: 3235-0287 /
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Washington, D. C. 20549 /Estimated average burden /
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Check this box if no /hours per response....0.5 /
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longer subject to
Section 16. Form 4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may continue.
See Instruction 1(b)
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 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting
Person to Issuer
Bilzin Brian L. LNR Property Corporation / LNR (Check all applicable)
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(Last) (First) (Middle) 3. IRS Identification 4. Statement for X Director ____ 10% Owner
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2500 First Union Financial Center Number of Month/Year ____ Officer (give ____ Other
(specify
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(Street) Reporting Person, if Apr-02 title below) below)
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Miami FL 33131 an entity 5. If Amendment, Date
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(City) (State) (Zip) (voluntary) of Original (Mo./Yr.) 7. Individual of Joint/Group
Filing
X Form filed by One
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Reporting Person
___ 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 of Security 2. Trans- 3. Transaction Code 4. Securities Acquired
(Instr. 3) saction (Instruction 8) (A) or Disposed of (D)
Date (Instr. 3, 4, and 5)
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(Mo/Day/Yr) Code / V Amount / A or D / Price
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Common Stock 04/10/02 X 1,000 / A / 19.78125
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Common Stock N/A N/A N/A
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Common Stock N/A N/A N/A
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Common Stock N/A N/A N/A
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5 . Amount of Securities 6. Ownership 7. Nature of
Beneficially Owned at Form: Direct Indirect
End of Month (D) or Indirect Beneficial
(Instr. 3 and 4) (Instr. 4) Owner (4)
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14,700 D
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415 I By Spouse (1)
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1,000 I By Son (1)
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405 I By Son (1)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Resources)
(1) Reporting person denies beneficial ownership of these securities.
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 of Year)
Security (D)
Instr. 3,4,5
Code / V (A) (D) Exer/Expir.
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Common Stock Options 19.78125 4/10/2002 X 1,000 (D) 04-14-00 / 04-13-02
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Common Stock Options 20.6875 N/A N/A N/A 04-12-01 / 04-11-03
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Common Stock Options 27.96 N/A N/A N/A 04-11-02 / 04-10-04
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Common Stock Options 36.37 4/10/2002 A 1,000 (A) 04-10-03 / 04-09-05
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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 Beneficially
at End Owned at
of Month End of
Title/Amt. (Instr. 4) Month
or # of shares (Instr. 4)
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Common Stock Options/ 1,000 N/A - D
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Common Stock Options/ 1,000 N/A 1,000 D
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Common Stock Options/ 1,000 N/A 1,000 D
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Common Stock Options/ 1,000 N/A 1,000 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/ Brian L. Bilzin 5/10/2002
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** Signature of Reporting Persons Date
Brian L. Bilzin
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See instruction 6 for procedure.
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