Adriana Lima has split from her husband Marko Jaric.
The Victoria's Secret model and the NBA star, who tied the knot in a private civil ceremony in Jackson Hole, Wyoming on Valentine's Day in 2009, plan to continue co-parenting their two daughters, Valentina, four, and 19-month-old Sienna.
In a joint statement to PEOPLE.com on Friday (02.05.14), the former couple said: "After long and careful consideration, we have decided to separate after five years of marriage.
"We are grateful to be the parents of two incredible young daughters that we will continue to co-parent. We would greatly appreciate your respect for our family's privacy as we begin this delicate next chapter for all members of our family."
The 32-year-old Brazilian beauty met the Serbian professional basketball player at a party in Los Angeles in 2006, and Adriana previously claimed they lived every day like it was their "honeymoon."
Shortly after they married, she said: "Our life, we live in a honeymoon. I never saw myself being married. But after I met him, everything changed. I knew he was the one and I could see myself married with him and with a big family."
The brunette model, who lives in Miami, also gushed about her love of motherhood in the past and said: "The best job in the world for me is being a mom."

Kim Kardashian is determined to work out almost every day before her wedding.
The 'Keeping Up with the Kardashians' star will marry rapper Kanye West, 36, in a lavish ceremony in Paris later this month and is relying on a variety of hard-core exercises to help her get in shape for their big day.
A source close to the 33-year-old beauty told PEOPLE.com that Kim is taking classes at both Barry's Boot Camp and SoulCycle in Los Angeles, and she is also pounding the pavements with her 10-month-old daughter, North West, in a stroller several times a week in the Hidden Hills area of the city.
The insider said: "She alternates between different types of workouts for a better result."
The reality TV star recently enjoyed a short break to Santa Barbara, California for Easter, but refused to relax her routine.
The insider said: "She kept up with her workouts. She's very focused and dedicated to her routine.
"It's obvious she wants to look her best for the wedding. And she looks amazing!"
Kim lost the 50 pounds she gained while pregnant with North by sticking to a high protein Atkins-base diet, but wants to lose even more.
Despite wanting to look her best when she walks down the aisle for the third time, Kim plans to relax once she and Kanye jet off to a secret location on honeymoon, as she is hoping to get pregnant again.
A source previously said: "She would like to get pregnant again right after the wedding. She wants her kids to be close in age."

Jennifer Aniston and Justin Theroux are waiting for the right time to have a baby.
The 45-year-old actress and the 42-year-old actor, who got engaged in 2012, are reportedly very open to starting a family together in the future.
A source dismissed new rumours that the former 'Friends' star is almost four months pregnant with a baby girl, but said: "I know that they would like to have a family if the time was right. At the moment they have been enjoying the engagement."
Justin's best friend, tattoo artist Scott Campbell and his actress wife, Lake Bell, recently announced they are expecting their first child, and the 'Wanderlust' star is planning to offer to babysit.
He said: "Of course I will [babysit]! If they ask me to... but I don't know if they trust me."
He jokingly added: "I might drop it on its head."
Last year, Jennifer indicated that she didn't have an overwhelming desire to experience motherhood.
She said: "I surround myself with my amazing work, my amazing friends, my amazing partner, my beautiful dogs, and I tune that noise out. I mean, I think it's very sweet that people want everything for me, (but) I'm so content and happy."

Kerry Washington has given birth to a baby girl.
The 'Scandal' star - who revealed her pregnancy last October - secretly welcomed her first child, Isabella Amarachi, with husband Nnamdi Asomugha into the world at a hospital in Los Angeles on April 21, according to gossip website TMZ.com.
A source also told PEOPLE.com: "Kerry is at home with the baby."
Nnamdi, 32, signed the birth certificate more than a week after the birth.
The 37-year-old actress married the former San Francisco 49ers in a secret ceremony last July and previously admitted she was thrilled to be expecting their first baby.
She said: "I feel really, really blessed. It just feels like a really good time."
The actress, who celebrated her baby shower with 40 friends at producer and writer Shonda Rhimes' mansion in late February, recently said that being pregnant had made her a better actress.
She said: "I work very physically as an actor. The biggest thing for me has been the challenge of how to be this person with the personal transformation that's going on for me physically and how to stay true to this character. That hasn't been easy."
But Kerry, who won praise for her maternity style, added: "It's been an awesome challenge for me as an actor because so much of how I access character is through my body. It's definitely been complicated, to say the least."

George Clooney's friends credit Stacy Keibler for helping him to get over his fear of commitment.
The 'Gravity' star, who proposed to British lawyer Amal Alamuddin on April 22 after just a few months of dating, amicably split from the former wrestler last July after two years together but his pals believe she taught him a lot about relationships.
A source told PEOPLE magazine: "She was one of the first women he's dated who had her own life. She was sweet and had a very good heart, and he was attracted to that."
The insider explained that George was "relieved" when he started dating the 34-year-old blonde beauty because "he didn't seem completely happy" after ending his two-year relationship with Italian presenter Elisabetta Canalis in 2011.
And after his split from Stacy, the actor, who previously swore off marriage following his divorce from Talia Balsam in 1993, "was calmer and seemed more open."
The insider added: "He was in a place to meet the woman he would be with for the rest of his life.
"He has matured and evolved, and he has found someone who can keep up with him.
"He respects that she is not remotely involved in his world. She seems to have no interest in a Hollywood life in the spotlight."
Stacy has also moved on and is expecting her first child with her new husband, Jared Pobre, later this year.
Meanwhile, George, 52, was an instant hit with Amal's family and they weren't surprised by their whirlwind engagement.
A friend said: "(They) weren't surprised that this is such a lightning relationship. They found George very easy to get a long with, cool. They felt at ease with him immediately."
The couple are in "no rush" to tie the knot and neither of them "has ever talked about wanting kids," but a family member said they are toying with the idea of a September wedding.

Deadmau5 is set to perform at this year's Gumball 3000 launch party next month. The superstar music producer - real name Joel Thomas Zimmerman - has confirmed he will make his debut at the star-studded iconic rally on June 4th at Miami's Ocean Drive i...

Billy Ray Cyrus says Miley Cyrus is "feeling much better."
The 21-year-old singer was hospitalised on April 15 after suffering a severe allergic reaction to Cephalexin, an antibiotic prescribed for the flu, and was forced to reschedule a number of 'Bangerz' world tour dates, but is finally ready to get back on stage.
Her father told reporters backstage at the iHeart Radio Music Awards on Thursday (01.05.14), where he picked up the Best Lyrics prize for her song 'Wrecking Ball' on her behalf: "She's doing much better, thank you for asking. You know, right now we're just getting her back, healthy. She had an allergic reaction to antibiotics. She's feeling much, much better. The tour resumes this weekend, and the 'Bangerz' train is back on track."
The 'Adore You' hitmaker will take to the stage in London next Tuesday night (06.05.14) for the first time since being hospitalised.
Miley rescheduled the final six dates of the US leg of her tour, and the first two dates of the European leg after her doctors advised her not to travel.
Earlier this week, the star admitted her health issues had really scared her.
She said: "I was on this medicine for five days and everything was all good and on the sixth day, I just woke up, it was so scary. I had basically been poisoning myself with something I didn't know I was really scary allergic to.
"I couldn't breathe and my skin - everything - was going insane."

Matt Smith has joined the cast of 'Terminator: Genesis'.
The former 'Doctor Who' star is set to play a new character, with a strong connection to central character John Connor, in the upcoming reboot, alongside Arnold Schwarzenegger, 'Game of Thrones' star Emilia Clarke and 'Lawless' actor Jason Clarke.
The fifth instalment in the series, which is being directed by Alan Taylor, went into production last month and will be released in July 2015, according to Paramount Pictures and Skydance Productions.
The cast also includes Jai Courtney, J.K. Simmons, Dayo Okeniyi and Byung Hun Lee.
The 31-year-old British actor, who can be seen next on the big screen in 'Lost River,' directed by Ryan Gosling, alongside Christina Hendricks, Saoirse Ronan and Eva Mendes, quit his role as the titular Time Lord on the BBC sci-fi series at the end of last year, and previously admitted he was eager to explore bigger opportunities.
He said: "I'd always talked about leaving after the 50th anniversary. It's a very intense process to play the Doctor. The line learning is really hard, and you have to live away from home for nine or 10 months a year. I love the show, and it wasn't an easy choice to come to, but it's the right time for both of us."

Lily Allen celebrated her birthday with a family meal at home today (02.05.14).
The 'Hard Out Here' singer, who has turned 29, took to Twitter to tell her followers she was leaving the social networking site alone to celebrate her birthday weekend.
However, it appears she couldn't stay away for long as she later posted a number of photographs of her gifts and a yummy buffet lunch laid across her dining room table.
She showed off gifts from friends and family, along with a Chanel backpack from designer Karl Lagerfeld, which is accompanied with the caption: "Thanks uncle Karl !!!!! @chanelofficial I LOVE it. (sic)"
To start the day, Lily, who has two children Ethel, two, and Marnie, 15 months, with husband Sam Cooper, posted a snap of herself in bed, with the message: "Birthday lie in", before setting up her kitchen table with Disney plastic plates and party food to share with her daughters.
Her favourite birthday gift so far has been a yellow smiley face plastic bracelet, which she showed off to her 340,000 followers on her Instagram account.
Meanwhile, the pop star, who has launched her comeback album 'Sheezus' following a four-year hiatus, admits she missed the perks of fame during her brief break.
She said: "I missed the rush of performing. I missed the free clothes and handbags and the good tables in posh restaurants. I did!''

Justin Theroux has "drunken tattoo nights" with Scott Campbell.
The 42-year-old actor, who has a number of inkings across his body, has etched a few designs on the famous artist in the past but he admits he was under the influence of alcohol, so the artwork didn't go according to plan.
Speaking to Vanity Fair magazine, he explained: "We became friends first, and then we had a couple drunken tattoo nights. And I've tattooed him, too, by the way ...
"I've done a bunch of them. I did a really great wolf's head. I did an amazing skull and crossbones. I did a stunning yin-yang on him. I messed every single one of them up. But he kind of likes it. I did a yin-yang, which is probably one of the worst yin-yangs. We laughed so hard. It might be one of the worst yin-yangs ever made. A little bit egg-shaped."
The hunky star's tattoos are plastered across his back and legs, but he insists he doesn't regret any of them.
He explained: "Not one [of them I regret]. I'm riddled with them; I'm ruined with tattoos."
Justin prefers to let Scott, who is married to Lake Bell, come up with the designs because he's got better ideas.
He added: "I get a couple of little ideas, but I know Scott's taste is so much better than mine ... so I usually throw out a few buckshot ideas, and then let him go back to the lab and scribble out a couple of drawings ... He did my entire back, and I've never looked back. I was just, like, 'Do whatever the hell you want. You lay it out how you want.' He's got such an incredible aesthetic."

Nicole Richie has persuaded Joel Madden to let her keep chickens.
The 32-year-old fashion designer wants to encourager her children Harlow, six, and Sparrow, four, to eat organic foods, so she's bought the feathered bird to produce eggs.
Speaking to Us Magazine, she said: "I just convinced my husband to let me get chickens so we're getting hens. They're coming in a few weeks, actually."
The purple-haired beauty has also turned her back garden into a vegetable patch to ensure that her family are consuming home-grown raw foods.
She explained: "I just started growing our own garden. I'm home a lot and we're growing our own fruits and vegetables.There's so many things in food right now and it's important for people to know and be educated on whatever they're putting into their body."
However, it's not just Nicole's determination to eat healthily that is impressive as her choice of outfit while doing the gardening couldn't be more fitting.
She said: "I love wearing my little vintage peasant dresses, but I garden in the morning and I'm really cold in the morning. I end up with a North Face [jacket], my husband's baseball cap, colourful sweatpants that I slept in the night before, and leopard slippers."

Ciara has chosen a name for her unborn son.
The 'Goodies' singer and her fiancé Future are due to welcome their first child into the world any when now, and the pair are certainly prepared for their baby's upcoming arrival as they've already selected a moniker for him.
Ciara explained: "I went with what felt right in my soul and my gut. I didn't second guess it."
The 28-year-old star admits her pregnancy has been "very easy", but she can't wait to meet her new bundle of joy.
She said: "I didn't even know what to expect [with the pregnancy], but it's been a very easy process. And it's been so much fun. Honestly, it's been the coolest experience in my life. Being able to know that I can do that is such a blessing. I'm literally obsessed with kids, so I'm excited about being able to have my own to obsess over."
The blonde beauty has been getting mothering tips from her friend Kim Kardashian, who gave birth to her daughter North last June, and she's found their conversations useful.
She told Us Magazine: "We [go] over really personal stuff from the woman's side of things. We've had great conversations and it's been really cool."