Robin Josephs - 31 Dec 2021 Form 5 Insider Report for ISTAR INC. (SAFE)

Role
Director
Signature
s/ Robin Josephs
Issuer symbol
SAFE
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
5
Filing time
03 Jan 2022, 17:42:16 UTC
Previous filing
16 Sep 2021
Next filing
12 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SAFE Common Stock, par value $.001 per share 32,554 31 Dec 2021 Direct
holding SAFE Common Stock, par value $.001 per share 137,714 31 Dec 2021 Irr Trust
holding SAFE Common Stock, par value $.001 per share 13,140 31 Dec 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
transaction SAFE Common Stock Equivalents Award $0 +564 +0.67% $0.000000 84,296 15 Jun 2021 Common Stock 564 $0.000000 Direct F1, F4
transaction SAFE Common Stock Equivalents Award $0 +397 +0.47% $0.000000 84,296 15 Sep 2021 Common Stock 397 $0.000000 Direct F2, F4
transaction SAFE Common Stock Equivalents Award $0 +444 +0.53% $0.000000 84,296 15 Dec 2021 Common Stock 444 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 15, 2021, the Reporting Person received 564 Common Stock Equivalents, or CSEs, in accordance with the provisions of the iStar Inc. Non-Employee Directors Deferral (Plan). Under the Plan, as dividends are declared and paid on iStar common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of iStar common stock on the dividend date.
F2 On September 15, 2021, the Reporting Person received 397 CSEs in accordance with the provisions of the Plan. Under the Plan, as dividends are declared and paid on iStar common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of iStar common stock on the dividend date.
F3 On December 15, 2021, the Reporting Person received 444 CSEs in accordance with the provisions of the Plan. Under the Plan, as dividends are declared and paid on iStar common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of iStar common stock on the dividend date.
F4 The Reporting Person holds a total of 84,296 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.