4//SEC Filing
Alvarado Marcos 4
Accession 0001415889-23-005717
CIK 0001095651other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 8:39 PM ET
Size
20.1 KB
Accession
0001415889-23-005717
Insider Transaction Report
Form 4
ISTAR INC.SAFE
Alvarado Marcos
Chief Investment Officer
Transactions
- Tax Payment
Common Stock
2023-03-31−3,463→ 619,530 total - Award
Restricted Stock Units
2023-03-31+173,064→ 173,064 total - Tax Payment
Common Stock
2023-03-31−7,238→ 619,530 total - Award
Common Stock
2023-03-31+58,500→ 619,530 total - Tax Payment
Common Stock
2023-03-31−32,350→ 619,530 total - Award
Common Stock
2023-03-20+681,913→ 619,530 total - Tax Payment
Common Stock
2023-03-20−147,688→ 619,530 total - Award
Common Stock
2023-03-31+13,089→ 619,530 total - Award
Common Stock
2023-03-31+6,263→ 619,530 total
Footnotes (6)
- [F1]On March 31, 2023, the merger (the "Merger") of Safehold Inc. ("Safe") with and into iStar Inc. ("iStar") closed, with iStar Inc. surviving the Merger and changing its name to Safehold Inc. ("New SAFE"; NYSE: SAFE). In the Merger and related transactions, (1) each outstanding share of common stock of Safe was converted into one share of common stock of New SAFE, and (2) each outstanding share of common stock of iStar was reverse split and converted into 0.160 of a share of common stock of New SAFE. The amount of securities beneficially owned following the reported transactions represents the shares of New SAFE common stock owned on March 31, 2023, the Merger closing date.
- [F2]Retention Bonus: On March 31, 2023, in connection with the Merger, the Reporting Person was granted a retention bonus of 58,500 shares of common stock of Safe. After deducting shares for applicable tax withholding, the Reporting Person received 26,150 shares of common stock of Safe, which as described above were converted into one share of common stock of New SAFE in the merger and are reported on an as-converted basis in amounts of New SAFE shares.
- [F3]iPIP: The Reporting Person was issued 681,913 shares of common stock of Safe on March 20, 2023, subject to stop transfer restrictions, in connection with termination of the iStar Inc. Performance Incentive Plan ("iPIP") and distributions made to iPIP participants pursuant to the Merger. After deducting shares for applicable tax withholding, the Reporting Person received 534,225 shares of common stock of Safe, which as described above were converted into shares of common stock of New SAFE pursuant to the Merger and are reported on an as-converted basis in amounts of New SAFE shares.
- [F4]New SAFE RSUs: The Reporting Person has been granted 173,064 restricted stock units (Units), representing the right to receive an equivalent number of shares of common stock of New SAFE (net of applicable taxes and other withholdings) if and when the Units vest. The Units will vest proportionately over four years in annual installments , subject to the Reporting Person's continuing employment through each vesting date.
- [F5]Accelerated RSUs: On March 31, 2023, in connection with the Merger, the Reporting Person was issued 81,087 shares of common stock of iStar upon the accelerated vesting of awards of restricted stock units. After deducting shares for applicable tax withholding, the Reporting Person received 36,568 shares of common stock of iStar, which as described above were reverse split and converted into 0.160 of a share of common stock of New SAFE and are reported on an as-converted basis in amounts of New SAFE shares.
- [F6]Special Dividend on Accelerated RSUs: On March 31, 2023, in connection with the Merger, the Reporting Person was issued 6,263 shares of common stock of Safe as an accrued special dividend on the iStar shares issued upon the accelerated vesting of restricted stock units. After deducting shares for applicable tax withholding, the Reporting Person received 2,800 shares of common stock of Safe, which as described above were converted into one share of common stock of New SAFE in the merger and are reported on an as-converted basis in amounts of New SAFE shares.
Documents
Issuer
ISTAR INC.
CIK 0001095651
Entity typeother
Related Parties
1- filerCIK 0001516720
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 8:39 PM ET
- Size
- 20.1 KB