SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO.5
TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(RULE 13d-101)
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LNR PROPERTY CORPORATION
(Name of Issuer)
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COMMON STOCK, PAR VALUE $0.10 PER SHARE
(Title of Class of Securities)
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501940100
(Cusip Number)
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DAVID W. BERNSTEIN, ESQ.
CLIFFORD CHANCE US LLP
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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MARCH 22, 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 4 Pages
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CUSIP No. 50194100 13D Page 2 of 4 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
STUART A. MILLER
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCES OF FUNDS
NOT APPLICABLE
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
US
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7. SOLE VOTING POWER
9,942,243
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NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER
EACH
REPORTING 9,942,243
PERSON WITH ----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,942,243
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
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14. TYPE OF REPORTING PERSON
IN
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended by adding at the end of the text responding to
paragraphs (a) and (b) the following:
On March 22, 2004, Mr. Stuart A. Miller owned 449,833 shares of common
stock (including 250,000 restricted shares and 83 shares he holds through the
Company's savings plan) and 100,000 shares of Class B Common Stock, and held
options to purchase 199,855 shares of common stock, of which options to purchase
87,913 shares were exercisable or would become exercisable within 60 days.
On March 22, 2004, the Partnership transferred 333,333 shares of common
stock to The L.M. Jeffrey Miller Irrevocable Trust u/a 6/25/98. This transaction
reduced the total number of shares of common stock of which Mr. Stuart A. Miller
is the beneficial owner to 9,942,243 shares.
Giving effect to the conversion into common stock of all the shares of
Class B Common Stock held by Mr. Stuart A. Miller or of which he has the sole
power to direct the vote and the disposition and the exercise of all the options
held by Mr. Stuart A. Miller which were exercisable on March 22, 2004, or would
become exercisable within 60 days after that, and based upon the information as
to outstanding shares contained in the Company's Annual Report on Form 10-K for
the fiscal year ended November 30, 2003 (19,924,051 shares of common stock), the
shares of common stock of which Mr. Stuart A. Miller is the beneficial owner
constitute 33.8% of the outstanding shares of common stock.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: March 24, 2004
/s/ Stuart A. Miller
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Stuart A. Miller
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