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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1273801	Northstar Realty Finance Corp.	NRF	Real Estate Investment Trusts (6798)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1245523	Ann Debra Hess	C/O Northstar Realty Finance Corp. 399 Park Avenue, 18Th Floor New York NY 10022	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
Common Stock	Disposition	2014-12-23	31,000	$17.70	54,163	No	4	S	Direct

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

Footnotes

Represents a weighted average price per share. These shares were sold in multiple transactions ranging from $17.690 to $17.710, inclusive. The reporting person undertakes to provide upon request by the staff of the U.S. Securities and Exchange Commission, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Excludes: (i) 57,361 deferred LTIP Units; and (ii) 111,669 shares of common stock (or LTIP Units, to the extent available) of NorthStar Realty Finance Corp. (the "Company") to be issued to the extent performance conditions are met on restricted stock units ("RSUs") previously issued by the Company. "Deferred LTIP Units" represent the right to receive an equal number of units of limited partnership interests ("LTIP Units") structured as profits interests in the Company's operating partnership, if any, or shares of the Company's common stock if such LTIP Units are not available.