TEAM DAVID 4
4 · LNR PROPERTY CORP · Filed Jan 23, 2004
Insider Transaction Report
Form 4
TEAM DAVID
Vice President
Transactions
- Other
Common Stock
[F1][F2]2003-12-24−12,500→ 12,500 total - Other
Common Stock
[F1][F3]2003-12-24−20,000→ 80,000 total - Other
Common Stock
[F12][F13][F14]2003-12-24+32,500→ 32,500 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ 32500 (32,500 underlying)
Holdings
- 83(indirect: By Savings Plan)
Common Stock
- 26,515
Common Stock
- 12,331
Common Stock Options
[F4]Exercise: $13.73From: 1997-10-31Exp: 2006-08-15→ Common Stock (12,331 underlying) - 37,500
Common Stock Options
[F5]Exercise: $24.81From: 1998-10-31Exp: 2007-10-30→ Common Stock (37,500 underlying) - 26,250
Common Stock Options
[F6]Exercise: $17.31From: 1999-01-01Exp: 2007-12-14→ Common Stock (26,250 underlying) - 10,000
Common Stock Options
[F7]Exercise: $18.16From: 2001-01-28Exp: 2010-01-27→ Common Stock (10,000 underlying) - 10,000
Common Stock Options
[F7]Exercise: $26.84From: 2002-01-17Exp: 2011-01-16→ Common Stock (10,000 underlying) - 10,000
Common Stock Options
[F7]Exercise: $31.30From: 2003-01-02Exp: 2012-01-01→ Common Stock (10,000 underlying) - 10,000
Common Stock Options
[F7]Exercise: $34.80From: 2004-04-09Exp: 2013-04-08→ Common Stock (10,000 underlying) - 25,000
Common Stock Options
[F8][F7]Exercise: $49.33From: 2005-01-15Exp: 2014-01-14→ Common Stock (25,000 underlying) - 8,317
Stock Purchase Agreement
[F9]Exercise: $31.10From: 2002-04-01Exp: 2006-04-01→ Common Stock (8,317 underlying) - 7,362
Stock Purchase Agreement
[F10]Exercise: $36.12From: 2003-04-01Exp: 2007-03-30→ Common Stock (7,362 underlying) - 10,967
Stock Purchase Agreement
[F11]Exercise: $35.06From: 2004-04-01Exp: 2008-04-01→ Common Stock (10,967 underlying)
Footnotes (14)
- [F1]J =Surrender of non-vested restricted stock in exchange for a commitment to issue shares under LNR's Non-Qualified Deferred Compensation Plan.
- [F10]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. Team will make purchases of LNR common stock. These purchases will total 7,362 shares.
- [F11]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. Team will make purchases of LNR common stock. These purchases will total 10,967 shares.
- [F12]Contractual right to receive shares in the future.
- [F13]J = Grant of right to receive shares under LNR's Non-Qualified Deferred Compensation Plan in exchange for surrender of non-vested restricted stock.
- [F14]The SEC staff has designated 8/8/88 as a "dummy date."
- [F2]Restricted shares held pursuant to the 2000 Stock Option and Restricted Stock Plan, with 12,500 shares vesting on 1/19/05.
- [F3]Restricted shares held pursuant to the 2000 Stock Option and Restricted Stock Plan, with 20,000 shares vesting on each of 4/8/05, 4/8/06, 4/8/07 and 4/8/08.
- [F4]5,548 stock options are currently exercisable as of 1/23/04. 1,850 stock options become exercisable on each of 8/16/04 and 8/16/05. 3,083 stock options become exercisable on 5/17/06.
- [F5]22,500 stock options are currently exercisable as of 1/23/04. 3,750 stock options become exercisable on each of 10/31/04 and 10/31/05. 7,500 stock options become exercisable on 10/31/06.
- [F6]15,750 stock options are currently exercisable as of 1/23/04. 2,625 stock options become exercisable on each of 1/1/05 and 1/1/06. 5,250 stock options become exercisable on 1/1/07.
- [F7]These stock options vest over five years at 20% per annum on each anniversary of the grant date.
- [F8]These stock options were granted subsequent to the transaction reported herein.
- [F9]Represents a signed purchase agreement under the 2001 Senior Officer Stock Purchase Plan. On April 1st of each year from 2004 through 2006, Mr. Team will make purchases of LNR common stock. These purchases will total 8,317 shares.
Signature
Steve Bjerke as Attorney-In-Fact|2004-01-23