BJERKE STEVE 4
4 · LNR PROPERTY CORP · Filed Jan 23, 2004
Insider Transaction Report
Form 4
BJERKE STEVE
Controller
Transactions
- Other
Common Stock
2004-01-23−800→ 4,200 total
Holdings
- 6,250
Common Stock
- 611(indirect: By Savings Plan)
Common Stock
- 10,000
Common Stock Options
Exercise: $18.25From: 2000-02-24Exp: 2005-02-23→ Common Stock (10,000 underlying) - 15,000
Common Stock Options
Exercise: $39.50From: 2003-07-07Exp: 2008-07-06→ Common Stock (15,000 underlying)
Footnotes (6)
- [F1]J = Surrender of non-vested restricted stock in exchange for a commitment to issue shares under LNR's Non-Qualified Deferred Compensation Plan.
- [F2]Restricted shares held pursuant to the 2000 Stock Option and Restricted Stock Plan, with 1,000 shares vesting on each of 1/15/05, 1/15/06, 1/15/07, 1/15/08 amd 1/15/09.
- [F3]These stock options vest in four annual installments. 10% of the stock options granted become exercisable on the first anniversary of the grant date. 30% of the stock options granted become exercisable on each of the next three anniversaries of the grant date.
- [F4]Contractual right to receive shares in the future.
- [F5]J = Grant of right to receive shares under LNR's Non-Qualified Deferred Compensation Plan in exchange for surrender of non-vested restricted stock.
- [F6]The SEC staff has designated 8/8/88 as a "dummy date."