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FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
SCHRAGER, RONALD E.
(Last) (First) (Middle)
1601 Washington Avenue, 8th Floor
(Street)
Miami Beach, FL 33139
(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol LNR Property Corporation
LNR 3. I.R.S. Identification
Number of Reporting Person, if an entity (voluntary) |
4. Statement for (Month/Day/Year 04/28/2003
5. If Amendment, Date of Original (Month/Day/Year) |
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director
10% Owner
X Officer (give title below)
Other (specify below)
Description
Vice President - President, Finance & Servicing Division
7. Individual or Joint/Group
Filing (Check Applicable Line) 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 (Instr. 3) |
2.Transaction
Date (Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr. 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4, and 5) |
5. Amount of
Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) |
6. Owner-
ship Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of
Indirect Beneficial Ownership (Instr. 4) |
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Code
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V
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Amount
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A/D
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Price
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Common Stock
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298
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I
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By Savings Plan
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Common Stock
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32,213
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D
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Common Stock
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25,000 (1)
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D
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Common Stock
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100,000 (2)
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D
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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
(Instr. 3) |
2. Conver-
sion or Exercise Price of Deri- vative Security |
3. Transaction Date
(Month/ Day/ Year) |
3A. Deemed Execution Date, if any
(Month/ Day/ Year) |
4. Transaction Code (Instr.8) |
5. Number of Derivative Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
6. Date Exercisable(DE) and
Expiration Date(ED) (Month/Day/Year) |
7. Title and Amount of
Underlying Securities (Instr. 3 and 4) |
8. Price
of Derivative Security (Instr.5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.4) |
10. Owner- ship Form of Deriv- ative Securities: Direct (D) or Indirect (I) (Instr.4) |
11. Nature of Indirect Beneficial Ownership (Instr.4) |
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Code
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V
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A
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D
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DE
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ED
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Title
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Amount or Number of Shares
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| Common Stock Options | $24.8125 |
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10/31/1998
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10/30/2007
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Common Stock
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37,500
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37,500
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D
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| Common Stock Options | $17.3125 |
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01/01/1999
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12/14/2007
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Common Stock
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16,152
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16,152
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D
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| Common Stock Options | $18.15625 |
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01/28/2001
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01/27/2010
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Common Stock
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10,000
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10,000
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D
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| Common Stock Options | $26.84375 |
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01/17/2002
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01/16/2011
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Common Stock
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10,000
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10,000
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D
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| Common Stock Options | $31.30 |
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01/02/2003
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01/01/2012
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Common Stock
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10,000
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10,000
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D
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| Common Stock Options | $34.80 |
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04/09/2004
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04/08/2013
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Common Stock
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10,000
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10,000
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D
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| Stock Purchase Agreement (3) | $28.80 |
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04/01/2002
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04/01/2006
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Common Stock
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7,038
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7,038
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D
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| Stock Purchase Agreement (4) | $36.00 |
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04/01/2003
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03/30/2007
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Common Stock
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4,899
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4,899
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D
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| Stock Purchase Agreement (5) | $35.07 | 04/28/2003 |
I
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4,703 |
04/01/2004
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04/01/2008
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Common Stock
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4,703
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4,703
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D
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Explanation of Responses:
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(1) Restricted shares held pursuant to the 2000 Stock Option and Restricted Stock Plan, with 12,500 shares vesting on each of 1/19/04 and 1/19/05.
(2) Restricted shares held pursuant to the 2000 Stock Option and Restricted Stock Plan, with 20,000 shares vesting on each of 4/8/04, 4/8/05, 4/8/06, 4/8/07 and 4/8/08. (3) Represents a signed purchase agreement under the 2001 Senior Officer Stock Purchase Plan. On April 1st of each year from 2004 through 2006, Mr. Schrager will make purchases of LNR common stock. These purchases will total 7,038 shares. (4) Represents a signed purchase agreement under the 2001 Senior Officer Stock Purchase Plan. On April 1, 2004 and 2005, March 31, 2006 and March 30, 2007, Mr. Schrager will make purchases of LNR common stock. These purchases will total 4,899 shares. (5) Represents a signed purchase agreement under the 2001 Senior Officer Stock Purchase Plan. On April 1, 2004 and 2005, March 31, 2006, March 30, 2007 and April 1, 2008, Mr. Schrager will make purchases of LNR common stock. These purchases will total 4,703 shares. |
| By: | Date: |
| /s/ Steven Bjerke as Attorney-In-Fact | 04/30/2003 |
| Steven Bjerke as Attorney-In-Fact for Ronald E. Schrager | |
| ** Signature of Reporting Person | SEC 1474 (9-02) |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations 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 is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |