SEC Form 4 · accession 0001571049-15-003139
NORTHSTAR REALTY FINANCE CORP. · NRF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debra Ann Hess
Officer — Chief Financial Officer
Period of report
Apr 23, 2015
Accepted (ET)
Apr 24, 2015 · 7:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001273801
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 23, 2015 | S | 7,500 | $19.00 | D | 46,663 | D | |
| Common StockF2 | Apr 24, 2015 | S | 6,500 | $19.00 | D | 40,163 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported were effected pursuant to a 10b5-1 sales plan previously adopted by the reporting person on December 30, 2014.
- F2Excludes: (i) 172,216 LTIP Units; and (ii) 111,021 shares of common stock (or LTIP Units, to the extent available) of NorthStar Realty Finance Corp. (the "Company") to be issued to the extent performance conditions are met on restricted stock units ("RSUs"). "LTIP Units" are units of limited partnership interest structured as profits interests in NorthStar Realty Finance Limited Partnership ("NRFLP"), the operating partnership of the Company. Conditioned on minimum allocations to the capital accounts of the LTIP Unit for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into one OP Unit in NRFLP, which may then be redeemed for cash equal to the then fair market value of one share of common stock or, at the option of the Company, one share of the Company's common stock.