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Filing Details

Accession Number:: 0001179110-14-002342
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-02-07 17:25:15
Reporting Period:: 2013-12-31

Filing Date:: 2014-02-07
Accepted Time:: 2014-02-07 17:25:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1095651	Istar Financial Inc	SFI	Real Estate Investment Trusts (6798)	956881527

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1220479	Jay Sugarman	1114 Avenue Of The Americas, 39Th Floor New York NY 10036	Chairman And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-12-31	57,904	$0.00	2,575,411	No	5	A	Direct
Common Stock	Disposition	2013-12-31	32,322	$0.00	2,575,411	No	5	F	Direct
Common Stock	Acquisiton	2014-01-01	962,963	$0.00	2,575,411	No	5	A	Direct
Common Stock	Disposition	2014-01-01	527,676	$0.00	2,575,411	No	5	F	Direct
Common Stock	Disposition	2014-02-05	26,749	$15.01	2,575,411	No	4	S	Direct
Common Stock	Disposition	2014-02-06	26,749	$15.33	2,575,411	No	4	S	Direct
Common Stock	Disposition	2014-02-07	26,748	$15.16	2,575,411	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	5	A	Direct
No	5	F	Direct
No	5	A	Direct
No	5	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	44,544	Indirect	By spouse
Preferred Stock, Series D	2,000	Direct
Restricted Stock Units	679,619	Direct

Footnotes

Effective December 31, 2013, the Reporting Person, Mr. Jay Sugarman, acquired 57,904 shares of iStar common stock upon the vesting of Restricted Stock Units (Units) at 200% of the target amount of the original award, following achievement of performance and service conditions pursuant to an award dated February 1, 2013, which award was previously reported on Form 4. After deducting 32,322 shares for applicable tax withholding, the Reporting Person acquired a net amount of 25,582 shares of iStar common stock.
Effective January 1, 2014, the Reporting Person acquired 962,963 shares of iStar common stock upon the vesting of Units pursuant to an award originally dated December 19, 2008, as amended July 1, 2011, which award was previously reported on Form 4. After deducting 527,676 shares for applicable tax withholding, the Reporting Person acquired a net amount of 435,287 shares of iStar common stock.
On February 5-7, 2014, a total of 80,246 shares of iStar common stock were sold on behalf of the Reporting Person (26,749 shares sold on February 5, 26,749 shares sold on February 6, and 26,748 shares sold on February 8), at the sales prices set forth in this Form 4 in open market transactions pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on March 22, 2013.
Following the transactions reported in this Form 4, the Reporting Person is the direct beneficial owner of 2,575,411 shares of iStar common stock and the indirect beneficial owner of 44,544 shares of iStar common stock owned by his spouse.
The Reporting Person is also the direct beneficial owner of 2,000 shares of iStar Series D preferred stock and 679,619 Units representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for statutory minimum required tax withholdings) if and when the Units vest.