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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
1513564	Lee Collin Cochrane	C/O Istar Financial Inc. 1114 Avenue Of The Americas 39Th Floor New York NY 10036	Chief Accounting 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	2011-11-17	12,500	$6.38	13,374	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Restricted Stock Units	21,690	Direct

Footnotes

On November 17, 2011, the Reporting Person, Mr. Collin Cochrane, sold 12,500 shares of iStar common stock in open market transactions. Following the transactions reported in this Form 4, the Reporting Person is the beneficial owner of a total of 13,374 shares of iStar common stock, all of which are owned directly.
The Reporting Person also holds a total of 21,690 Restricted Stock Units (Units) that have not yet vested, representing the right to receive an equivalent number of shares of iStar's common stock (net of shares withheld for applicable taxes and other withholdings) if and when the Units vest. Units that have not vested may not be pledged, sold, or transferred except by will, the laws of descent or to or for the benefit of the Reporting Person's family. If the Reporting Person voluntarily terminates his employment with iStar, or iStar terminates the Reporting Person's employment for cause (as defined in the award), any unvested portion of the Units will be forfeited automatically as of the date of termination.