Robin Josephs - Mar 1, 2022 Form 4 Insider Report for ISTAR INC. (SAFE)

Role: Director
Signature: s/ Robin Josephs
Stock symbol: SAFE
Transactions as of: Mar 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/12/2022, 04:44 PM
Previous filing: Jan 3, 2022
Next filing: Jun 7, 2022

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	+11.1K	+34.19%	$0.00	43.7K	May 12, 2022	Direct	F1
holding	SAFE	Common Stock, par value $.001 per share						138K	Mar 1, 2022	Irr Trust
holding	SAFE	Common Stock, par value $.001 per share						13.1K	Mar 1, 2022	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	+446	+0.53%	$0.00	84.7K	Mar 1, 2022	Common Stock	446	$0.00	Direct	F2, F3
holding	SAFE	Common Stock Equivalents						84.7K	Mar 1, 2022	Common Stock	84.7K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Effective on May 12, 2022, the Reporting Person was awarded 11,129 shares of Common Stock of iStar Inc. (NYSE:STAR) in accordance with the provisions of the iStar Inc. Non-Employee Directors' Deferral Plan (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 2023 annual meeting of shareholders of iStar Inc.
F2	On March 1, 2022, the Reporting Person acquired 446 Common Stock Equivalents (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	The Reporting Person holds a total of 84,742 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.