0001415889-23-005925.txt : 20230404 0001415889-23-005925.hdr.sgml : 20230404 20230404141507 ACCESSION NUMBER: 0001415889-23-005925 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RIDINGS BARRY W CENTRAL INDEX KEY: 0001044258 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15371 FILM NUMBER: 23796524 MAIL ADDRESS: STREET 1: 21 LILAC LANE CITY: PRINCETON STATE: NJ ZIP: 08540 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ISTAR INC. CENTRAL INDEX KEY: 0001095651 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 956881527 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2129309400 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: ISTAR FINANCIAL INC DATE OF NAME CHANGE: 20000501 FORMER COMPANY: FORMER CONFORMED NAME: STARWOOD FINANCIAL INC DATE OF NAME CHANGE: 19990923 4 1 form4-04042023_020402.xml X0407 4 2023-03-31 0001095651 ISTAR INC. SAFE 0001044258 RIDINGS BARRY W 1114 AVE OF THE AMERICAS 39TH FLOOR NEW YORK NY 10036 true false false false 0 Common Stock 2023-03-31 4 J 0 17880 0 A 28934 D Common Stock 2023-03-31 4 J 0 11054 0 A 28934 D Common Stock Equivalents 2023-03-31 4 J 0 1574 0 A 1574 D On March 31, 2023, the merger (the "Merger") of Safehold Inc. ("Safe") with and into iStar Inc. ("iStar") closed, with iStar Inc. surviving the Merger and changing its name to Safehold Inc. ("New SAFE"; NYSE: SAFE). In the Merger and related transactions, (1) each outstanding share of common stock of Safe was converted into one share of common stock of New SAFE, and (2) each outstanding share of common stock of iStar was reverse split and converted into 0.160 of a share of common stock of New SAFE. The amount of securities beneficially owned following the reported transactions represents the shares of New SAFE common stock owned on March 31, 2023, the Merger closing date. The Reporting Person holds a total of 1,574 Common Stock Equivalents ("CSEs") previously awarded under the iStar Inc. Non-Employee Directors Deferral Plan ("Plan"), all of which are vested. The obligation to settle CSEs has been assumed by New SAFE. Under the Plan, on the regular distribution date, vested CSEs will be settled by the transfer of shares of New SAFE common stock to the Reporting Person. The "regular distribution date" under the Plan 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 Plan participant, under certain limited circumstances, is permitted to elect to receive distributions at times other than the regular distribution date. Under the Plan, as dividends are declared and paid on New SAFE 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 New SAFE common stock on the dividend date. /s/ Barry W Ridings 2023-04-04