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