SEC Form 4 · accession 0001179110-18-007655
Safehold Inc. · SAFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robin Josephs
Director
Period of report
May 29, 2018
Accepted (ET)
May 29, 2018 · 7:36 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 16, 2018 | A | 19,323 | $0.00 | A | 19,323 | D | |
| Common Stock, par value $.001 per shareF2 | holding | — | — | — | 13,140 | I | IRA | |
| Common Stock, par value $.001 per shareF2 | holding | — | — | — | 95,457 | I | Trust |
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 16, 2018, the Reporting Person, Ms. Robin Josephs, was awarded a total of 19,323 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 16, 2019.
- F2Effective May 16, 2018, the Reporting Person contributed 16,233 shares of Common Stock of iStar that were previously owned directly to a revocable trust and continues to own these shares indirectly.
- 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.