SEC Form 4 · accession 0001179110-15-004831
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay Sugarman
Officer — Chairman and CEO · Director
Period of report
Dec 31, 2014
Accepted (ET)
Mar 12, 2015 · 6:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095651
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 31, 2014 | A | 113,204 | $0.00 | A | 2,699,553 | D | |
| Common StockF1,F2 | Dec 31, 2014 | F | 63,190 | $0.00 | D | 2,699,553 | D | |
| Common StockF2 | holding | — | — | — | 40,544 | I | By spouse | |
| Preferred Stock, Series DF3 | holding | — | — | — | 2,000 | D | ||
| Restricted Stock UnitsF3 | holding | — | — | — | 21,714 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective December 31, 2014, the Reporting Person, Mr. Jay Sugarman, acquired 113,204 shares of iStar common stock upon the vesting of Restricted Stock Units (Units) at 195.5% of the target amount of the original award, following achievement of performance and service conditions pursuant to an award dated February 1, 2013, which award was previously reported on Form 4. After deducting 63,190 shares for applicable tax withholding, following payroll processing, the Reporting Person acquired a net amount of 50,014 shares of iStar common stock.
- F2Following the transactions reported in this Form 4, the Reporting Person is the direct beneficial owner of 2,699,553 shares of iStar common stock and the indirect beneficial owner of 40,544 shares of iStar common stock owned by his spouse.
- F3The Reporting Person is also the direct beneficial owner of 2,000 shares of iStar Series D preferred stock and 679,619 Units representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for statutory minimum required tax withholdings) if and when the Units vest.