SEC Form 4 · accession 0001179110-18-003675
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale Ann Reiss
Director
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 6:03 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 |
|---|---|---|---|---|---|---|---|---|
| Series D Preferred StockF1 | Mar 2, 2018 | P | 100 | $24.99 | A | 2,800 | I | IRA |
| Series D Preferred Stock | holding | — | — | — | 500 | I | Family Trust | |
| Common Stock, par value $.001 per share | holding | — | — | — | 40,442 | 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 EquivalentsF2 | $0.00 | holding | — | — | — | — | — | Common Stock | 43,591 | 43,591 | D |
Explanation of responses
- F1On March 2, 2018, the Reporting Person, Ms. Dale Reiss, acquired indirect beneficial ownership of 100 shares of iStar Series D Preferred Stock through an open market purchase made by an individual retirement account at a price of $24.99 per share.
- F2The Reporting Person also holds a total of 43,591 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: (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.