SAIONTZ STEVEN J 5

5 · LNR PROPERTY CORP · Filed Jan 12, 2005

Form 5

Period: 2004-11-30

Director

Transactions

Holdings

Common Stock
(indirect: By Trust)
4,799
Common Stock
283,594
Common Stock
[F2]
40,000
Common Stock Options
[F3]
Exercise: $24.81From: 1998-10-31Exp: 2007-10-30→ Common Stock (195,896 underlying)
195,896
Common Stock Options
[F4]
Exercise: $18.16From: 2001-01-28Exp: 2010-01-27→ Common Stock (20,000 underlying)
20,000
Common Stock Options
[F4]
Exercise: $26.84From: 2002-01-17Exp: 2011-01-16→ Common Stock (20,000 underlying)
20,000
Common Stock Options
[F4]
Exercise: $31.30From: 2003-01-02Exp: 2012-01-01→ Common Stock (20,000 underlying)
20,000
Common Stock Options
[F5]
Exercise: $34.80From: 2004-04-09Exp: 2006-04-08→ Common Stock (1,000 underlying)
1,000
Common Stock Options
[F5]
Exercise: $51.58From: 2005-04-21Exp: 2007-04-20→ Common Stock (1,000 underlying)
1,000
Common Stock
[F6][F7]
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (20,000 underlying)
20,000

Footnotes (7)

[F1]Shares were acquired through dividend reinvestments in the LNR Property Corporation Savings Plan during the fiscal year ended 11/30/2004. The shares were purchased at an average price of $54.34.
[F2]Restricted shares held pursuant to the 2000 Stock Option and Restricted Stock Plan, with 40,000 shares vesting on 1/19/05.
[F3]135,896 stock options are exercisable as of 11/30/04. 20,000 stock options become exercisable on 10/31/05. 40,000 stock options become exercisable on 10/31/06.
[F4]These stock options vest over five years at 20% per annum on each anniversary of the grant date.
[F5]These stock options become 100% exercisable on the first anniversary of the grant date.
[F6]Contractual right to receive shares in the future.
[F7]The SEC staff has designated 8/8/88 as a "dummy date".

Signature

Steve Bjerke as Attorney-In-Fact|2005-01-12

Documents

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