ISTAR FINANCIAL INC 4
4 · ISTAR FINANCIAL INC · Filed Jun 25, 2015
Insider Transaction Report
Form 4
HOLMAN ROBERT W JR
Director
Transactions
- Award
Common Stock, par value $.001 per share
2015-06-01−8,993→ 34,938 total
Holdings
- 40,240(indirect: By Partnership)
Common Stock, par value $.001 per share
- 43,591
Common Stock Equivalents
Exercise: $0.00→ Common Stock (43,591 underlying)
Footnotes (3)
- [F1]On June 1, 2015, the Reporting Person, Robert W. Holman, Jr., was awarded a total of 8,993 restricted shares of Common Stock of iStar Financial Inc. (NYSE:STAR) in accordance with the provisions of the iStar Financial Inc. Non-Employee Directors' Deferral Plan (Plan), which are owned directly. These shares are restricted and may not be sold or otherwise transferred until they vest on June 1, 2016.
- [F2]Following this transaction, the Reporting Person is the beneficial owner of 75,178 shares of iStar Common Stock, of which 34,938 shares are owned directly and 40,240 shares are owned indirectly through a partnership.
- [F3]The Reporting Person also holds a total of 43,591 Common Stock Equivalents (CSEs) awarded pursuant to the iStar Financial Inc. Non-Employee Directors' Deferral Plan (Plan), all of which are vested, which are owned directly. 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. The "regular distribution date" for distributions to Plan 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.