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OMB Approval
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---------------- OMB Number: 3235-0287
FORM 4 U. S. SECURITIES AND EXCHANGE COMMISSION Expires: January 31, 2005
---------------- Estimated average burden
------- Washington, D. C. 20549 hours per response....0.5
Check this box if no ------- ----------------------------
longer subject to
Section 16. Form 4 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
or Form 5 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
Cherry Robert LNR Property Corporation / LNR (Check all applicable)
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(Last) (First) (Middle) 3. IRS Identification 4. Statement for _____ Director ____ 10% Owner
760 N.W. 107th Avenue Number of Month/Year X Officer (give ____ Other
------------------------------------------------- Reporting Person, if Apr-02 ------ title below) (specify
(Street) an entity (voluntary) ------------------- below)
Miami FL 33172 5. If Amendment, Vice President
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------------------------------------------------- Date of Original ------------------------------------
(City) (State) (Zip) (Mo./Yr.) 7. Individual of Joint/Group Filing
X Form filed by One 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 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) saction (Instruction 8) Acquired (A) or Securities Form: Direct Indirect
Date Disposed of Beneficially (D) or Indirect Beneficial
(D) (Instr. 3, 4, Owned at End (Instr.4) Owner (4)
and 5) of Month
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(Mo/Day/Yr) Code / V Amount / A or D / Price
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Common Stock N/A N/A N/A 133 I By IRA Trust
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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 X 5,403 / A / 28.80 17,903 D
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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.
FORM 4 (continued) Table II Derivative Securites 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 16.20 N/A N/A N/A 02-05-98 / 02-04-03
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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) 28.80 4/1/2002 X 5,403 (D) 04-01-03 / 04-01-06
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Stock Purchase Agreement (3) 36.00 4/25/2002 I 6,771 (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 Owned at
Month End of
Title/Amt. Month
or # of shares (Instr. 4) (Instr. 4)
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Common Stock Options/ 8,221 N/A 8,221 D
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Common Stock Options/ 22,500 N/A 22,500 D
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Common Stock Options/ 36,750 N/A 36,750 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/ 12,519 N/A 12,519 D
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Stock Purchase Agreement/ 6,771 N/A 6,771 D
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Explanation of Responses:
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
/s/ Robert Cherry 5/10/2002
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** Intentional misstatements or ommissions of facts constitute Federal ** Signature of Reporting Person Date
Criminal Violations
See 18 U. S. C. 1001 and 15 U. S. C. 78ff(a). Robert Cherry
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. Cherry will
make purchases of LNR common stock. These purchases will total 12,519 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. Cherry will
make purchases of LNR common stock. These purchases will total 6,771 shares.
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