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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
obligations may Filed pursuant to Section 16(a) of the Securities
continue. See Exchange Act of 1934, Section 17(a) of the
Instruction 1(b). 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
Cobb Charles E.
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(Last) (First) (Middle)
c/o Cobb Partners LTD 255 Aragon Avenue, Suite 333
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(Street)
Coral Gables FL 33134
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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)
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4. Statement for Month/Year Apr-02
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer (Check all applicable)
X Director ___ Officer ___ 10% Owner ___ Other
--- (give title below) (specify below)
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7. Individual or Joint/Group Filing
X Form filed by One Reporting Person
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____ 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) (Month/ (Instruc- Owned at Direct Bene-
Day/ tion 8) End of (D) or ficial
Year) ----------------------------------------------- Month Indirect Owner
Code / V Amount / A or D / Price (Instr. 3 and 4) (Instr. 4) (4)
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Common Stock N/A N/A N/A 30,000 D
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Common Stock N/A N/A N/A 37,417 I By Spouse
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
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 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
Code / V (A) (D)
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Common Stock Options 36.37 4/10/2002 A 1,000 (A)
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6. Date Exer- 7. Title/Amt. of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Securities ficial
(Instr. ficially Bene- Owner-
5) Owned ficially ship
at End Owned at (Instr.
of Month End of 4)
Exer/Expir. Title/Amt. or (Instr. 4) Month
# of shares (Instr. 4)
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04-10-03 / 04-09-05 Common Stock Options/ N/A 1,000 D
1,000
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Explanation of Responses:
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
** Intentional misstatements or ommissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Charles E. Cobb 05/10/2002
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**Signature of Reporting Person Date
Charles E. Cobb
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see instruction 6 for procedure.
Page 2