ISTAR FINANCIAL INC 4
4 · ISTAR FINANCIAL INC · Filed May 2, 2005
Insider Transaction Report
Form 4
WEBER JEFFREY A
Director
Transactions
- Award
Common Stock Equivalents
2003-06-03+2,500→ 2,500 totalExercise: $0.00→ Common Stock (2,500 underlying) - Award
Common Stock Equivalents
2004-05-25+2,500→ 5,000 totalExercise: $0.00→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Under the iStar Financial Inc. Non-Employee Directors Deferral Plan ("Plan"), the reporting person receives an annual grant of 2,500 common stock equivalents commencing with the 2003 annual meeting of shareholders. Each annual award vests on the date of the next following annual meeting after the date of grant, except the 2003 award vested 18 months after the date of grant.
- [F2]Vested common stock equivalents will be distributed to the holder following the earlier of (i) the holder's ceasing to be a non-employee director or (ii) the holder's death, or upon a change of control. Distributions will be in the form of an equal number of shares of common stock, unless the holder elects to receive payment in cash.