SEC Form 4 · accession 0001179110-17-015606

Safehold Inc. · SAFE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Director

Period of report

Dec 18, 2017

Accepted (ET)

Dec 19, 2017 · 3:27 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 Stock, par value $.001 per share^F1	Dec 18, 2017	P	17,595	$11.70	D	40,442	D
Series E Preferred Stock^F2	Oct 20, 2017	J	2,293	$25.1914	D	0	I	Family Trust
Series E Preferred Stock^F2	Oct 20, 2017	J	475	$25.1914	D	0	I	Spouse's IRA
Series F Preferred Stock^F2	Oct 20, 2017	J	2,217	$25.1896	D	0	I	Family Trust
Series F Preferred Stock^F2	Oct 20, 2017	J	1,925	$25.1896	D	0	I	IRA
Series D Preferred Stock	holding	—	—		—	2,700	I	IRA
Series D Preferred Stock	holding	—	—		—	500	I	Family Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Equivalents^F3	$0.00	holding	—	—	—	—	—	Common Stock	43,591	43,591	D

F1On December 18, 2017, the Reporting Person, Ms. Dale Reiss, disposed of 17,595 shares of iStar Common Stock through open market sales.
F2On October 20, 2017, iStar Inc. redeemed all of the issued and outstanding shares of iStar Series E Preferred Stock and iStar Series F Preferred Stock. As a result of such redemption, the Reporting Person disposed of indirect beneficial ownership of an aggregate of 2,768 shares of iStar Series E Preferred Stock and 4,142 shares of iStar Series F Preferred Stock.
F3The Reporting Person also holds a total of 43,591 Common Stock Equivalents (CSEs) awarded pursuant to the iStar Inc. Non-Employee Director 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: (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.