SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
AMENDMENT NO. 6
TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
--------------------------
LNR PROPERTY CORPORATION
(Name of Issuer)
--------------------------
COMMON STOCK, PAR VALUE $0.10 PER SHARE
(Title of Class of Securities)
--------------------------
501940100
(CUSIP Number)
--------------------------
DAVID W. BERNSTEIN, ESQ.
CLIFFORD CHANCE US LLP
31 WEST 52ND STREET
NEW YORK, NEW YORK 10019
(212) 878-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
--------------------------
NOVEMBER 16, 2004
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
Page 1 of 12
CUSIP No. 501940100 13D Page 2 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
MFA LIMITED PARTNERSHIP
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCES OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 7,188,631
---------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
---------------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER
7,188,631
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,188,631
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.3%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Page 2 of 12
CUSIP No. 501940100 13D Page 3 of 12 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
LMM FAMILY CORP.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCES OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
--------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 8,437,831
--------------------------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER
8,437,831
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,437,831
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Page 3 of 12
CUSIP No. 501940100 13D Page 4 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
MARITAL TRUST I CREATED UNDER AMENDED AND RESTATED REVOCABLE TRUST
AGREEMENT DATED JUNE 8, 2001
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCES OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
--------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 8,437,831
--------------------------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER
8,437,831
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,437,831
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Page 4 of 12
CUSIP No. 501940100 13D Page 5 of 12 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE MILLER CHARITABLE FUND, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCES OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
--------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 1,249,200
--------------------------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER
1,249,200
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,249,200
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Page 5 of 12
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
Item 5 is amended by adding at the end of the text responding to paragraphs (a)
and (b) the following:
On November 16, 2004, Stuart Miller transferred 200,000 shares of common
stock to the Fund and in exchange the Fund transferred 200,000 shares of Class B
common stock to Stuart Miller. Immediately thereafter, the Fund transferred
those 200,000 shares of common stock to The Miller Family Foundation. Therefore,
for purposes of Section 13 under the Securities Exchange Act of 1934, as
amended, (i) the Partnership is the beneficial owner, with shared voting and
dispositive power, with regard to a total of 7,188,631 shares of Class B common
stock of the Company, (ii) the Fund is the beneficial owner, with shared voting
and dispositive power, with regard to a total of 1,249,200 shares of Class B
common stock of the Company, and (iii) each of the Corporation and Marital Trust
I is the beneficial owner, with shared voting and dispositive power, with regard
to a total of 8,437,831 shares of Class B common stock of the Company. Stuart
Miller has reported his ownership on a separate Schedule 13D.
Giving effect to the conversion into common stock of all the shares of
Class B common stock beneficially owned, respectively, by the Partnership, the
Fund, the Corporation and Marital Trust I, and based upon the information as to
outstanding shares contained in the Company's Quarterly Report on Form 10-Q for
the quarter ended August 31, 2004 (20,094,779 shares of common stock), (i) the
shares of common stock of which the Partnership is the beneficial owner
constitute 26.3% of the outstanding shares of common stock, (ii) the shares of
common stock of which the Fund is the beneficial owner constitute 5.9% of the
outstanding shares of common stock, and (iii) the shares of common stock of
which each of the Corporation and Marital Trust I is the beneficial owner
constitute 29.6% of the outstanding shares of common stock.
Each share of Class B common stock entitles the holder to cast 10 votes,
while each share of common stock entitles the holder to cast one vote.
Therefore, the 8,437,831 shares of Class B common stock with regard to which the
Corporation and Marital Trust I have shared voting power entitles the holder to
cast a total of 84,378,310 votes, which is 71.6% of all the votes that may be
cast at a meeting of the Company's stockholders.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A -- Amended Joint Filing Agreement dated November 16, 2004.
Page 6 of 12
SIGNATURE
After reasonable inquiry and to the best of knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
Dated: November 16, 2004
MARITAL TRUST I UNDER LEONARD MILLER AMENDED
AND RESTATED REVOCABLE TRUST AGREEMENT DATED
JUNE 8, 2001
By /s/ Stuart A. Miller
-------------------------------------------
Stuart A. Miller, Trustee
LMM FAMILY CORPORATION
By /s/ Stuart A. Miller
-------------------------------------------
Stuart A. Miller, President
MFA LIMITED PARTNERSHIP
By LMM FAMILY CORPORATION, General Partner
By /s/ Stuart A. Miller
-------------------------------------------
Stuart A. Miller, President
THE MILLER CHARITABLE FUND, L.P.
By: LMM Family Corp.
its Sole General Partner
By: /s/ Stuart A. Miller
------------------------------------------
Name: Stuart A. Miller
Title: President
Page 7 of 12