4//SEC Filing
Sambamurthy Sridhar 4
Accession 0001179110-11-009019
CIK 0001273801other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 4:15 PM ET
Size
6.8 KB
Accession
0001179110-11-009019
Insider Transaction Report
Form 4
Sambamurthy Sridhar
Director
Transactions
- Award
LTIP Units
2011-05-27+13,856→ 23,856 total→ Common Stock (13,856 underlying)
Footnotes (3)
- [F1]Represents units of partnership interest which are structured as profits interest ("LTIP Units") in NorthStar Realty Finance Limited Partnership ("NRFLP"), a majority-owned subsidiary and the operating partnership of NorthStar Realty Finance Corp. (the "Company"). Conditioned on minimum allocations to the capital accounts of the LTIP Unit for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into one common unit of partnership interest in NRFLP ("OP Units"). Each of the OP Units underlying these LTIP Units are redeemable at the election of the OP Unit holder for cash equal to the then fair market value of one (1) share of common stock, par value $0.01 per share of the Company (the "Common Stock") or, at the option of the Company in its capacity as general partner of NRFLP, one (1) share of Common Stock. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
- [F2]These LTIP Units were granted pursuant to the Company's 2004 Omnibus Stock Incentive Plan and are immediately vested. The amount of LTIP Units was determined by dividing the fixed grant value of approximately $60,000 by the closing sale price of the Company's common stock on the New York Stock Exchange on the grant date.
- [F3]Of these 23,856 LTIP Units, 10,000 vest quarterly over a three year vesting period beginning April 29, 2011 and 13,856 were immediately vested.
Documents
Issuer
NORTHSTAR REALTY
CIK 0001273801
Entity typeother
Related Parties
1- filerCIK 0001518626
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 4:15 PM ET
- Size
- 6.8 KB