Barry Ridings - Dec 31, 2021 Form 5 Insider Report for ISTAR INC. (SAFE)

Role
Director
Signature
S/ BARRY W RIDINGS
Stock symbol
SAFE
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
1/3/2022, 05:42 PM
Previous filing
May 14, 2021
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SAFE Common Stock, par value $.001 per share 105K Dec 31, 2021 Direct

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 +50 +0.68% $0.00 7.45K Jun 15, 2021 Common Stock 50 $0.00 Direct F1, F4
transaction SAFE Common Stock Equivalents Award $0 +36 +0.49% $0.00 7.45K Sep 15, 2021 Common Stock 36 $0.00 Direct F2, F4
transaction SAFE Common Stock Equivalents Award $0 +40 +0.54% $0.00 7.45K Dec 15, 2021 Common Stock 40 $0.00 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 50 Common Stock Equivalents, or CSEs, in accordance with the provisions of the iStar Inc. Non-Employee Directors' Deferral Plan (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 36 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 40 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 Following the transactions reported herein, the Reporting Person holds a total of 7,454 CSEs granted pursuant to the Plan, all of which are vested, which are owned directly. 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.