Safehold Inc. — Director's Dealing 2019

Jun 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ISTAR INC. (STAR)
CIK: 0001095651
Period of Report: 2019-05-16

Reporting Person: JOSEPHS ROBIN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	Common Stock, par value $.001 per share	G	19323	—	Disposed	0	Direct
2019-05-16	Common Stock, par value $.001 per share	J	19323	—	Acquired	0	Indirect
2019-06-07	Common Stock, par value $.001 per share	G	19323	—	Disposed	0	Indirect
2019-06-07	Common Stock, par value $.001 per share	G	95457	—	Disposed	0	Indirect
2019-06-07	Common Stock, par value $.001 per share	J	95457	—	Acquired	114780	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.001 per share	13140	Indirect
Common Stock, par value $.001 per share	22934	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Equivalents	$0		Common Stock (77609)	77609	Direct

Footnotes

F1: On May 16, 2019, the Reporting Person made a gift of 19,323 shares of common stock of iStar Inc.(NYSE:STAR), which were owned by her directly, to a revocable family trust. As noted in Footnote 2 below, on June 7, 2019, the revocable family trust made a gift of these shares to an irrevocable family trust.

F2: On June 7, 2019, the Reporting Person made gifts in the total amount of 114,780 shares of common stock of iStar Inc.(NYSE:STAR), which were owned by her indirectly in a revocable family trust, to an irrevocable family trust.

F3: The Reporting Person also holds a total of 77,609 Common Stock Equivalents (CSEs) awarded pursuant to the iStar Inc. Non-Employee Directors Deferral Plan, all of which are vested. Under the Plan, on the regular distribution date, vested CSEs will be settled by the transfer of shares of iStar Common Stock to the participant. The "regular distribution date" for distributions to Plan participants is the earlier of: (1) January 1 on or next following the earlier of (i) the date the participant ceases to be a non-employee director; and (ii) the date of the participant's death; and (2) a change of control (as defined in the Plan). A participant, under certain limited circumstances, is permitted to elect to receive distributions at times other than the regular distribution date.