SEC Form 4 · accession 0001179110-16-025327
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robin Josephs
Director
Period of report
May 18, 2016
Accepted (ET)
May 23, 2016 · 4:21 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 Stock, par value $.001 per shareF1,F2 | May 18, 2016 | A | 20,725 | $0.00 | A | 78,607 | D | |
| Common Stock, par value $.001 per shareF2 | holding | — | — | — | 13,140 | I | IRA | |
| Common Stock, par value $.001 per shareF2 | holding | — | — | — | 15,977 | I | Trust | |
| Preferred Stock, 7.80% Series FF2 | holding | — | — | — | 3,030 | I | IRA |
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 May 18, 2016, the Reporting Person, Ms. Robin Josephs, was awarded a total of 20,725 restricted shares of Common Stock of iStar Inc. (NYSE:STAR) in accordance with the provisions of the iStar Inc. Non-Employee Directors' Deferral Plan (Plan), which are owned directly. These shares are restricted and may not be sold or otherwise transferred until they vest on May 18, 2017.
- F2Following this transaction, the Reporting Person is the beneficial owner of a total of 107,724 shares of iStar Common Stock, of which 78,607 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 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.