SEC Form 4 · accession 0001179110-16-023248
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
Apr 20, 2016
Accepted (ET)
Apr 20, 2016 · 6:54 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | Jan 29, 2016 | A | 11,503 | $0.00 | A | 37,704 | D | |
| Common StockF2,F3 | Feb 1, 2016 | A | 9,000 | $0.00 | A | 93,994 | D | |
| Common StockF2,F3 | Feb 1, 2016 | F | 3,773 | $0.00 | D | 93,994 | D | |
| Series D Preferred StockF3 | holding | — | — | — | 607 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective January 29, 2016, the Reporting Person, Mr. David DiStaso, has been granted a long-term incentive equity award in the amount of 11,503 Restricted Stock Units (Units). The Units represent the right to receive an equivalent number of shares of iStar Common Stock (net of shares deducted for applicable tax withholdings) if and when the Units vest. Subject to the terms of the award agreement, the Units will cliff vest on December 31, 2018 if certain service conditions have been satisfied.
- F2Effective February 1, 2016, the Reporting Person acquired 9,000 shares of iStar Common Stock upon the vesting of Units pursuant to an incentive equity award granted February 1, 2013, which award was previously reported on Form 4. After deducting 3,773 shares of iStar Common Stock for applicable tax withholdings, the Reporting Person acquired a net amount of 5,227 shares of iStar Common Stock.
- F3Following these transactions, the Reporting Person is the direct beneficial owner of 93,994 shares of iStar Common Stock and 607 shares of iStar Series D Preferred Stock. He also owns a total of 37,704 Restricted Stock Units, representing the right to receive an equivalent number of shares of iStar Common Stock (net of shares deducted for applicable tax withholdings) if and when the Units vest.