Safehold Form 4 ISTAR / Marcos Alvarado ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Alvarado Marcos

(Last) (First) (Middle)

C/O ISTAR INC.

1114 AVENUE OF THE AMERICAS, 39TH FLOOR

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ISTAR INC. [ STAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & CIO

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.001 per share	01/05/2022		A	V	3,810(1)	A	$0	74,847	D
Common Stock, par value $.001 per share	01/05/2022		F	V	1,755(1)	D	$0	74,847	D
Common Stock, par value $.001 per share	02/28/2022		A		23,885(2)	A	$0	74,847	D
Common Stock, par value $.001 per share	02/28/2022		F		13,209(2)	D	$0	74,847	D
Restricted Stock Units (Common Stock)	02/28/2022		A	V	33,838(3)	A	$0	98,330	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person has acquired 3,810 shares of common stock ("Shares") of iStar Inc. (NYSE: STAR) upon the vesting of an installment of Restricted Stock Units ("Units") pursuant to an award dated February 28, 2019. After deducting 1,755 Shares for applicable tax withholding, the Reporting Person acquired a net amount of 2,055 Shares.

2. The Reporting Person has been granted 23,885 Shares in connection with an annual incentive award. After deducting 13,209 Shares for applicable tax withholding, the Reporting Person acquired a net amount of 10,677 Shares. The Shares are fully vested and are subject to transfer restrictions which provide that they may not be sold prior to June 30, 2023.

3. The Reporting Person has been granted 33,838 Units, representing the right to receive an equivalent number of Shares (net of applicable taxes and other withholdings) if and when the Units vest. The Units will vest in one installment on January 7, 2024, if certain service conditions have been satisfied.

	s/ Marcos Alvarado	03/02/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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