SEC Form 4 · accession 0001179110-15-004832
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Michael Distaso
Officer — CHIEF FINANCIAL OFFICER
Period of report
Dec 10, 2014
Accepted (ET)
Mar 12, 2015 · 6:38 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,F4 | Dec 10, 2014 | A | 6,667 | $0.00 | A | 80,010 | D | |
| Common StockF1,F4 | Dec 10, 2014 | F | 3,438 | $0.00 | D | 80,010 | D | |
| Common StockF2,F4 | Dec 31, 2014 | A | 27,370 | $0.00 | A | 80,010 | D | |
| Common StockF2,F4 | Dec 31, 2014 | F | 14,114 | $0.00 | D | 80,010 | D | |
| Common StockF3,F4 | Jan 30, 2015 | A | 15,529 | $0.00 | A | 80,010 | D | |
| Common StockF3,F4 | Jan 30, 2015 | F | 5,741 | $0.00 | D | 80,010 | D | |
| Restricted Stock UnitsF4 | holding | — | — | — | 41,875 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective December 10, 2014, the Reporting Person, Mr. David DiStaso, acquired 6,667 shares of iStar common stock upon the vesting of Units pursuant to an award January 10, 2013, which award has been previously reported on Form 4. After deducting 3,438 shares for applicable tax withholding, the Reporting Person acquired a net amount of 3,229 shares of iStar common stock.
- F2Effective December 31, 2014, the Reporting Person acquired 27,370 shares of iStar common stock upon the vesting of 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 14,114 shares for applicable tax withholding, the Reporting Person acquired a net amount of 13,256 shares of iStar common stock.
- F3Effective January 30, 2015, the Reporting Person has been granted 15,529 shares of iStar common stock in connection with an annual incentive award. After deducting 5,741 shares for applicable tax withholding, the Reporting Person acquired a net amount of 9,788 shares in a transaction completed after payroll processing. The Shares are fully vested and are subject to transfer restrictions which provide that one-half of the Shares may not be sold for one year and one-half of the Shares may not be sold for two years from the date of the award.
- F4Following these transactions, the Reporting Person is the direct beneficial owner of 80,010 shares of iStar common stock and also owns a total of 41,875 Units, representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for applicable taxes and other withholdings) if and when the Units vest.