| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SAFE | Common Stock, par value $0.01 per share | -Disposed to Issuer | -2,123,435 | -100% | 0 | Mar 31, 2023 | See Footnote | F1, F2, F3 | ||
| transaction | SAFE | Common Stock, par value $0.01 per share | -Disposed to Issuer | -2,125,000 | -100% | 0 | Mar 21, 2023 | See Footnote | F1, F3, F4 |
GIC Private Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On March 31, 2023, iStar Inc. ("iStar") acquired the Issuer pursuant to the terms that certain Agreement and Plan of Merger, dated as of August 10, 2022 (the "Merger Agreement"), entered into by and among the Issuer and iStar. Pursuant to the Merger Agreement, the Issuer merged with and into iStar, with iStar surviving the merger (the "Merger") and changing its name to "Safehold Inc." Pursuant to the terms of the Merger Agreement, each Issuer share of common stock outstanding immediately prior to the effective time of the Merger (other than certain excluded shares) automatically converted into the right to receive one newly issued share of iStar common stock. |
| F2 | Reflects securities held directly by GIC Private Limited. |
| F3 | GIC Real Estate, Inc., the investment manager for SFTY Venture LLC, has the power to vote and dispose of such shares. GIC Real Estate, Inc. shares such powers with GIC Real Estate Private Limited and GIC Private Limited. Each of the Reporting Persons disclaims beneficial ownership of these shares, except to the extent of its pecuniary interest therein, if any. |
| F4 | Reflects securities held directly by SFTY Venture LLC. |