BJERKE STEVE 4
4 · LNR PROPERTY CORP · Filed Sep 30, 2003
Insider Transaction Report
Form 4
BJERKE STEVE
Controller
Transactions
- Exercise of In-Money
Common Stock
2003-09-29$19.44/sh+15,000$291,563→ 15,000 total - Sale
Common Stock
2003-09-29$40.80/sh−8,750$357,021→ 6,250 total - Exercise of In-Money
Common Stock Options
2003-09-29−15,000→ 0 totalExercise: $19.44From: 2000-05-10Exp: 2004-05-09→ Common Stock (15,000 underlying)
Holdings
- 15,000
Common Stock Options
Exercise: $39.50Exp: 2008-07-06→ Common Stock (15,000 underlying) - 506(indirect: By Savings Plan)
Common Stock
- 10,000
Common Stock Options
Exercise: $18.25Exp: 2005-02-23→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Mr. Bjerke directly owns 6,250 shares without restrictions following the reported transactions. The SEC suggests keeping a tally if the securities involved in each transaction reported were owned in the same form.
- [F2]These stock options will vest in four annual installments. 1,000 stock options will vest on February 24, 2001 and 3,000 stock options will vest on each of February 24, 2002, February 24, 2003 and February 24, 2004.
- [F3]These stock options will vest in four annual installments. 1,500 stock options will vest on July 7, 2004 and 4,500 stock options will vest on each of July 7, 2005, July 7, 2006 and July 7, 2007.