SEC Form 4 · accession 0001179110-16-021204
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robin Josephs
Director
Period of report
Mar 4, 2016
Accepted (ET)
Mar 7, 2016 · 7:28 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Preferred Stock, 7.80% Series FF1 | Mar 4, 2016 | P | 3,030 | $21.2129 | A | 3,030 | I | IRA |
| Common Stock, par value $.001 per shareF2,F3 | holding | — | — | — | 57,882 | D | ||
| Common Stock, par value $.001 per shareF2,F3 | holding | — | — | — | 13,140 | I | IRA | |
| Common Stock, par value $.001 per shareF3 | holding | — | — | — | 15,977 | I | Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock EquivalentsF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 75,513 | 75,513 | D |
Explanation of responses
- F1On March 3, 2016, the Reporting Person, Ms. Robin Josephs, acquired indirect beneficial ownership of 3,030 shares of 7.80% Series F Preferred Stock of iStar Inc. (NYSE:STAR) in an open market purchase made by her individual retirement account.
- F2Following these transactions, the Reporting Person is the beneficial owner of a total of 86,999 shares of iStar Common Stock, of which 57,882 shares are owned directly, 15,977 shares are owned indirectly through revocable family trusts and 13,140 shares are owned indirectly through an individual retirement account established by the Reporting Person, and 3,030 shares of iStar 7.80% Series F Preferred Stock, which are owned indirectly through her individual retirement account.
- F3The Reporting Person also holds a total of 75,513 Common Stock Equivalents (CSEs) awarded pursuant to the iStar Financial Inc. Non-Employee Directors Deferral Plan, all of which are vested. Under the Plan, on the regular distribution date, vested CSEs will be settled by the transfer of shares of iStar Common Stock to the participant. The "regular distribution date" for distributions to Plan participants 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 participant, under certain limited circumstances, is permitted to elect to receive distributions at times other than the regular distribution date.