Dean S. Adler - 02 Sep 2021 Form 4/A - Amendment Insider Report for Safehold Inc. (SAFE)

Role
Director
Signature
/s/ Mark Kripke, as attorney-in-fact for Dean S. Adler
Issuer symbol
SAFE
Transactions as of
02 Sep 2021
Net transactions value
-$957,765
Form type
4/A - Amendment
Filing time
07 Sep 2021, 17:36:53 UTC
Date Of Original Report
02 Sep 2021
Previous filing
02 Sep 2021
Next filing
03 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFE Common Stock, par value $0.01 per share Sale $957,765 -10,800 -20% $88.68 44,467 02 Sep 2021 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $88.01 to $91.13 per share. The reporting person undertakes to provide to Safehold Inc., any security holder of Safehold Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 The shares are held of record by SFTY. SFTY's sole member is Lubert-Adler Real Estate Fund VII-B, L.P. ("L-A RE Fund VII-B"). L-A RE Fund VII-B's general partner is Lubert-Adler Group VII-B, LLC ("L-A Group VII-B LLC"). L-A Group VII-B LLC's sole member is Lubert-Adler Group VII-B Holdings, L.P. ("L-A Holdings VII-B LP"). L-A Holdings VII-B LP's general partner is Lubert-Adler Group VII-B Holdings, LLC ("L-A Holdings VII-B LLC"). Mr. Adler is one of two members of L-A Holdings VII-B LLC. As a result, Mr. Adler may be deemed to share beneficial ownership of the reported shares.
F3 Mr. Adler expressly disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.

Remarks:

This Form 4/A amends a prior filing and does not report any new transaction. On September 2, 2021, the Reporting Person filed a Form 4 which incorrectly stated that the total number of shares of common stock beneficially owned following the transaction on September 2, 2021 was 24,280. The total number of shares beneficially owned following such transaction and reported in Column 5 should have been 44,467 shares.