4//SEC Filing
BURNS JAMES D 4
Accession 0001179110-09-008863
CIK 0001095651other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 7:16 PM ET
Size
6.7 KB
Accession
0001179110-09-008863
Insider Transaction Report
Form 4
BURNS JAMES D
Chief Financial Officer
Transactions
- Purchase
Restricted Stock Units
2009-05-29+100,000→ 155,459 total
Footnotes (3)
- [F1]On May 27, 2009, iStar's shareholders approved the iStar Financial Inc. 2009 Long Term Incentive Plan, under which iStar had granted an incentive award to the Reporting Person in the amount of 100,000 Restricted Stock Units (Units) on December 19, 2008. The Units represent the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for applicable taxes and other withholdings) if and when the Units vest, subject to shareholder approval of the 2009 Long Term Incentive Plan at the 2009 annual meeting of shareholders. These Units will vest only if a specified price target for iStar common stock is achieved within three years of the award date and if the Reporting Person is employed on subsequent vesting date(s) after the price target has been achieved. The performance and vesting conditions of this award are described in more detail in iStar's definitive proxy statement dated April 23, 2009, as filed with the SEC on April 27, 2009.
- [F2]Following these awards, the Reporting Person owns a total of 155,459 Restricted Stock Units, representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for applicable taxes and other withholdings) if and when the Units vest.
- [F3]In addition to these Restricted Stock Units, the Reporting Person is the beneficial owner of a total of 7,435 shares of iStar common stock, 6,180 shares of which are owned directly and 1,255 shares of which are owned indirectly through an individual retirement account.
Documents
Issuer
ISTAR FINANCIAL INC
CIK 0001095651
Entity typeother
Related Parties
1- filerCIK 0001458997
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 7:16 PM ET
- Size
- 6.7 KB