ISTAR FINANCIAL INC 4
4 · ISTAR FINANCIAL INC · Filed Jun 25, 2015
Insider Transaction Report
Form 4
MCDONALD JOHN G
Director
Transactions
- Award
Common Stock Equivalents
2015-06-01+8,993→ 78,529 totalExercise: $0.00→ Common Stock (8,993 underlying)
Holdings
- 28,000(indirect: By IRA)
Common Stock, par value $.001 per share
- 12,000(indirect: By Trust)
Common Stock, par value $.001 per share
Footnotes (3)
- [F1]On June 1, 2015, the Reporting Person, John G. McDonald, was awarded 8,993 Common Stock Equivalents ("CSEs") in accordance with the provisions of the iStar Financial Inc. Non-Employee Directors' Deferral Plan ("Plan"), which are owned directly. These CSEs will vest on June 1, 2016, subject to the provisions of the Plan. Following this award, the Reporting Person holds a total of 78,529 CSEs awarded under the Plan, 69,536 of which are currently vested.
- [F2]Under the Plan, on the relevant 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.
- [F3]The Reporting Person is also the beneficial owner of 40,000 shares of iStar Common Stock, of which 12,000 shares are owned indirectly through a family trust and 28,000 shares are owned indirectly through an IRA established by the Reporting Person.