SEC Form 4 · accession 0001179110-15-008577
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
May 21, 2015
Accepted (ET)
May 26, 2015 · 4:42 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 | May 21, 2015 | S | 63,866 | $14.36 | D | 2,547,687 | D | |
| Common StockF1,F2 | May 21, 2015 | S | 88,000 | $14.36 | D | 2,547,687 | 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
- F1On May 21, 2015, the Reporting Person, Mr. Jay Sugarman, disposed of 63,866 shares of iStar common stock to a trust (Trust 1) and disposed of 88,000 shares of iStar common stock to a separate trust (Trust 2) in private transactions. The price shown represents the current market price of iStar common stock on the date of the transactions. The beneficiaries of Trust 1 are the Reporting Person's children. The beneficiaries of Trust 2 are the Reporting Person's spouse and children.
- F2Following the transactions reported in this Form 4, the Reporting Person is the direct beneficial owner of 2,547,687 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 21,714 restricted stock 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 such units vest.