4//SEC Filing
RIDINGS BARRY W 4
Accession 0001415889-23-005925
CIK 0001095651other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 2:15 PM ET
Size
9.7 KB
Accession
0001415889-23-005925
Insider Transaction Report
Form 4
ISTAR INC.SAFE
RIDINGS BARRY W
Director
Transactions
- Other
Common Stock Equivalents
2023-03-31+1,574→ 1,574 total - Other
Common Stock
2023-03-31+17,880→ 28,934 total - Other
Common Stock
2023-03-31+11,054→ 28,934 total
Footnotes (3)
- [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]The Reporting Person holds a total of 1,574 Common Stock Equivalents ("CSEs") previously awarded under the iStar Inc. Non-Employee Directors Deferral Plan ("Plan"), all of which are vested. The obligation to settle CSEs has been assumed by New SAFE. Under the Plan, on the regular distribution date, vested CSEs will be settled by the transfer of shares of New SAFE common stock to the Reporting Person. The "regular distribution date" under the Plan 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 Plan participant, under certain limited circumstances, is permitted to elect to receive distributions at times other than the regular distribution date.
- [F3]Under the Plan, as dividends are declared and paid on New SAFE common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of New SAFE common stock on the dividend date.
Documents
Issuer
ISTAR INC.
CIK 0001095651
Entity typeother
Related Parties
1- filerCIK 0001044258
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 2:15 PM ET
- Size
- 9.7 KB