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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1095651	Istar Financial Inc	SFI	Real Estate Investment Trusts (6798)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1458997	D James Burns	C/O Istar Financial 1114 Ave Of The Americas 39Th Flr New York NY 10036	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Restricted Stock Units	Acquisiton	2010-02-17	89,194	$0.00	242,663	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Footnotes

On February 17, 2010, the Compensation Committee of iStar Financial Inc.'s Board of Directors approved an incentive award to the Reporting Person in the amount of 89,194 Restricted Stock Units (Units). The Units represent the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for applicable taxes and other withholdings) if and when the Units vest. These Units will cliff vest on February 17, 2012 if vesting conditions, including the Reporting Person's continued employment, are satisified.
Following this award, the Reporting Person owns a total of 242,663 Restricted Stock Units, representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for applicable taxes and other withholdings) if and when the Units vest in accordance with the terms of the agreements for the Units.
In addition to these Restricted Stock Units, the Reporting Person is the beneficial owner of a total of 8,502 shares of iStar common stock, 7,247 shares of which are owned directly (including 1,067 shares acquired in January 2010 upon vesting of Units) and 1,255 shares of which are owned indirectly through an individual retirement account.