Robin Josephs - May 14, 2021 Form 4 Insider Report for ISTAR INC. (SAFE)

Role
Director
Signature
s/ Robin Josephs
Stock symbol
SAFE
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
4
Date filed
5/14/2021, 05:31 PM
Previous filing
May 10, 2021
Next filing
Jun 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFE Common Stock, par value $.001 per share Award $0 +10.9K +50.41% $0.00 32.6K May 13, 2021 Direct F1
holding SAFE Common Stock, par value $.001 per share 138K May 14, 2021 Irr Trust
holding SAFE Common Stock, par value $.001 per share 13.1K May 14, 2021 IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SAFE Common Stock Equivalents 82.9K May 14, 2021 Common Stock 82.9K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective on May 13, 2021, the Reporting Person was awarded 10,910 shares of Common Stock of iStar Inc. (NYSE:STAR) in accordance with the provisions of the iStar Inc. Non-Employee Directors' Deferral Plan, which shares are owned directly. These shares are restricted and may not be sold or otherwise transferred until they vest on the date of the 2022 annual meeting of shareholders of iStar Inc.
F2 The Reporting Person also holds a total of 82,891 Common Stock Equivalents (CSEs) awarded pursuant to the iStar Inc. Non-Employee Directors Deferral 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.