DigitalBridge Group, Inc. — Director's Dealing 2018

May 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Colony NorthStar, Inc. (CLNS)
CIK: 0001679688
Period of Report: 2018-05-10

Reporting Person: Metz Justin (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-10	Deferred Stock	$	A	25197	Acquired		Class A Common Stock (25197)	Direct

Footnotes

F1: Deferred stock units ("Deferred Stock") have no expiration date and are payable in shares of the Issuer's Class A Common Stock, on a one-for-one basis, after the reporting person's separation from service with the Issuer.

F2: The Deferred Stock was granted by the Issuer in respect of the reporting person's election to defer equity compensation payable in accordance with the Issuer's non-executive director compensation policy in connection with the reporting person's recent re-election to the Issuer's board of directors. The Deferred Stock is scheduled to vest on May 10, 2019.The amount of Deferred Stock was determined by dividing the fixed grant value of $160,000 by the closing price of the Issuer's common stock on the New York Stock Exchange on the business day prior to the grant date.