SEC Form 4 · accession 0001179110-16-024116
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale Ann Reiss
Director
Period of report
May 5, 2016
Accepted (ET)
May 6, 2016 · 6:41 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 |
|---|---|---|---|---|---|---|---|---|
| Series D Preferred StockF1 | May 5, 2016 | P | 900 | $21.98 | A | 1,300 | I | IRA |
| Series D Preferred StockF2 | holding | — | — | — | 500 | I | Family Trust | |
| Series E Preferred StockF2 | holding | — | — | — | 2,293 | I | Family Trust | |
| Series E Preferred StockF2 | holding | — | — | — | 475 | I | Spouse's IRA | |
| Series F Preferred StockF2 | holding | — | — | — | 2,217 | I | Family Trust | |
| Series F Preferred StockF2 | holding | — | — | — | 1,925 | I | IRA | |
| Common Stock, par value $.001 per shareF2 | holding | — | — | — | 34,938 | D |
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 | 43,591 | 43,591 | D |
Explanation of responses
- F1On May 5, 2016, the Reporting Person, Ms. Dale Reiss, acquired indirect beneficial ownership of 900 shares of iStar Series D Preferred Stock through an open market purchase made by an individual retirement account at a price of $21.98 per share.
- F2Following this transaction, the Reporting Person is the beneficial owner of 34,938 shares of iStar Common Stock, which are owned directly. The Reporting Person is also the beneficial owner of 1,300 shares of iStar Series D Preferred Stock, 2,768 shares of iStar Series E Preferred Stock and 4,142 shares of iStar Series F Preferred Stock, which are owned indirectly.
- F3The Reporting Person also holds a total of 43,591 Common Stock Equivalents (CSEs) awarded pursuant to the iStar Non-Employee Directors Deferral Plan (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: (a) 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 (b) 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.