Statement of Changes in Beneficial Ownership (4)
12 March 2021 - 7:58AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Rosenblum Garett |
2. Issuer Name and Ticker or Trading Symbol
ISTAR INC.
[
STAR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Accounting Officer |
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(Last)
(First)
(Middle)
C/O ISTAR, 1114 AVENUE OF THE AMERICAS 39TH FLR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/26/2021 |
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(Street)
NEW YORK, NY 10036
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Restricted Stock Units (Common Stock) | 2/26/2021 | | A |
V
| 5644 (1) | A | $0 | 20443 | D | |
| Common Stock | 3/10/2021 | | A | | 1418 (2) | A | $0 | 17172 | D | |
| Common Stock | 3/10/2021 | | F | | 481 | D | $0 | 17172 | D | |
| Common Stock | 3/11/2021 | | A | | 3386 (3) | A | $0 | 17172 | D | |
| Common Stock | 3/11/2021 | | F | | 1150 | D | $0 | 17172 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | The Reporting Person has been granted 5,644 restricted stock units (Units), representing the right to receive an equivalent number of shares of iStar common stock (net of applicable taxes and other withholdings) if and when the Units vest. The Units will vest in one installment on January 7, 2024, if certain service conditions have been satisfied. |
| (2) | A total of 1,418 shares of common stock of iStar Inc. (NYSE: STAR) have been issued and delivered to the Reporting Person in connection with a payout of amounts available for distribution pursuant to, and in accordance with, vested awards previously made to the Reporting Person under the iStar Inc. 2013 Performance Incentive Plan. After deducting 481 shares for applicable tax withholding, the Reporting Person received a net amount of 937 shares of iStar common stock. |
| (3) | The Reporting Person has been granted 3,386 shares of iStar common stock in connection with an annual incentive award. After deducting 1,150 shares for applicable tax withholding, the Reporting Person acquired a net amount of 2,236 shares of iStar common stock. The shares are fully vested and are subject to transfer restrictions which provide that they may not be sold prior to June 30, 2021 |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Rosenblum Garett
C/O ISTAR
1114 AVENUE OF THE AMERICAS 39TH FLR
NEW YORK, NY 10036 |
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| Chief Accounting Officer |
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Signatures
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| s/ Garett Rosenblum | | 3/11/2021 |
| **Signature of Reporting Person | Date |
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