Filing Details

Accession Number:
0001415889-23-005919
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-04 14:00:15
Reporting Period:
2023-03-31
Accepted Time:
2023-04-04 14:00:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1095651 Istar Inc. SAFE Real Estate Investment Trusts (6798) 956881527
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1095651 Istar Inc. 1114 Avenue Of The Americas, 39Th Floor
New York NY 10036
No No 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, $0.01 Par Value Per Share Disposition 2023-03-31 5,405,406 $37.00 0 No 4 S Direct
Common Stock, $0.01 Par Value Per Share Disposition 2023-03-31 2,504,897 $0.00 0 No 4 J Direct
Common Stock, $0.01 Par Value Per Share Disposition 2023-03-31 13,522,651 $0.00 0 No 4 J Indirect subsidiary
Common Stock, $0.01 Par Value Per Share Disposition 2023-03-31 275,000 $0.00 0 No 4 J Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 J Direct
No 4 J Indirect subsidiary
No 4 J Direct
Footnotes
  1. On March 31, 2023, Reporting Person and Issuer completed the merger of Issuer with and into Reporting Person ("Merger") pursuant to Agreement and Plan of Merger, dated August 10, 2022, between Reporting Person and Issuer (the "Merger Agreement"). In the Merger, each Share owned by Reporting Person was cancelled as of March 31. 2023.
  2. Prior to that date and in connection with the Merger, the Reporting Person (i) contributed 13,522,651 Shares to Star Holdings, a former subsidiary of Reporting Person that was spun off to Reporting Person's stockholders on March 31, 2023; (ii) sold 5,405,406 Shares to a third party purchaser at a price of $37.00 per Share in a previously announced private sale transaction; (iii) terminated all of its performance incentive plans known as "iPIP" and paid amounts due to iPIP participants, including 2,504,897 Shares; and (iv) granted retention awards of 275,000 Shares to certain of Reporting Person's employees. After giving effect to the Merger, the Reporting Person beneficially owns no securities of the Issuer.
  3. The foregoing descriptions of the Merger and the Merger Agreement do not purport to be complete and are qualified entirely by reference to the Merger Agreement, a copy of which is included as an exhibit to Schedule 13D, Amendment No. 26, dated April 4, 2023 filed by the Reporting Person.