PUSKAR GEORGE R 4
4 · ISTAR FINANCIAL INC · Filed Jun 12, 2012
Insider Transaction Report
Form 4
PUSKAR GEORGE R
Director
Transactions
- Award
Common Stock Equivalents
2012-05-31+11,485→ 55,076 totalExercise: $0.00→ Common Stock (11,485 underlying)
Footnotes (2)
- [F1]The Reporting Person has been awarded 11,485 Common Stock Equivalents ("CSEs") in accordance with the provisions of the iStar Financial Inc. Non-Employee Directors' Deferral Plan ("Plan"). The effective date of the CSE award is May 31, 2012, the date of the 2012 annual meeting of shareholders. These CSEs will vest on May 31, 2013, subject to the provisions of the Plan. Following this award, the Reporting Person holds a total of 55,076 CSEs awarded under the Plan, 43,591 of which are currently vested.
- [F2]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, based upon the fair market value of iStar common stock on the date of the distribution. The "regular distribution date" for distributions to 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.