4//SEC Filing
CUMMINGS STEPHEN E 4
Accession 0001179110-12-009335
CIK 0001273801other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 5:33 PM ET
Size
6.6 KB
Accession
0001179110-12-009335
Insider Transaction Report
Form 4
CUMMINGS STEPHEN E
Director
Transactions
- Award
LTIP Units
2012-05-25+11,299→ 25,155 total→ Common Stock (11,299 underlying)
Footnotes (2)
- [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 Amended and Restated 2004 Omnibus Stock Incentive Plan and are immediately vested. The amount of LTIP Units was determined by dividing the fixed grant value of $60,000 by the closing sale price of the Company's common stock on the New York Stock Exchange on the grant date.
Documents
Issuer
NORTHSTAR REALTY FINANCE CORP.
CIK 0001273801
Entity typeother
Related Parties
1- filerCIK 0001232066
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 5:33 PM ET
- Size
- 6.6 KB