SEC Form 4 · accession 0001179110-16-033527
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
Dec 23, 2016
Accepted (ET)
Dec 28, 2016 · 8:28 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 23, 2016 | S | 100,000 | $12.2133 | D | 2,460,336 | D | |
| Common StockF2 | holding | — | — | — | 40,544 | I | By spouse | |
| Preferred Stock, Series DF2 | holding | — | — | — | 2,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 23, 2016, a total of 100,000 shares of iStar Inc. common stock were sold on behalf of the Reporting Person at an average sales price of $12.2133 per share in open market transactions pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on December 21, 2016.
- F2Following the transactions reported in this Form 4, the Reporting Person is the direct beneficial owner of 2,460,336 shares of iStar Common Stock and 2,000 shares of iStar Series D Preferred Stock and the indirect beneficial owner of 40,544 shares of iStar Common Stock owned by his spouse.