SEC Form 3 · accession 0001179110-18-005091
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew C Richardson
Officer — Interim CFO
Period of report
Mar 30, 2018
Accepted (ET)
Apr 2, 2018 · 6:56 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 StockF1 | holding | — | — | — | 20,000 | D | ||
| Preferred Stock | holding | — | — | — | 0 | D | ||
| Restricted Stock UnitsF1 | holding | — | — | — | 80,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 30, 2018, the Reporting Person, Mr. Andrew C Richardson, joined iStar Inc. as President, Land and Development, and interim Chief Financial Officer. Effective as of that date, Mr. Richardson has been granted 100,000 restricted stock units (Units), representing the right to receive an equivalent number of shares of iStar common stock (net of applicable taxes and other withholdings) if and when the Units vest. 20,000 Units vested on the grant date and the Reporting Person will receive fully-vested shares of iStar common stock. These shares will be net settled (after deducting shares for applicable taxes and other withholdings) on the next payroll processing date. The remaining Units will vest in four (4) equal annual installments of 20,000 Units each on March 30, 2019, March 30, 2020, March 30, 2021 and March 30, 2022, if certain service conditions have been satisfied.