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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13G
(RULE
13d - 102)
Information
to be included in statements filed pursuant
to
Rules 13d-1(b), (c) and (d) and amendments thereto filed
pursuant
to 13d-2(b)
(AMENDMENT
NO. )*
iStar Financial
Inc.
(Name
of Issuer)
Common Stock, par value
$0.001
(Title
of Class of Securities)
45031U101
(CUSIP
Number)
February 2,
2010
(Date
of Event which Requires Filing of this Statement)
Check
the appropriate box to designate the rule
pursuant
to which this Schedule is filed:
[
] Rule 13d-1(b)
[x] Rule
13d-1(c)
[
] Rule 13d-1(d)
*The
remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information
which
would alter disclosures provided in a prior cover page.
The
information required on the remainder of this cover page shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued
on the Following Pages)
1.NAME OF REPORTING PERSONS
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY)
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Ori
Uziel
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2.CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a)[x]
(b)[ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF
ORGANIZATION
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United
States
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING
PERSON WITH
5.SOLE VOTING POWER
5,000,000
6.SHARED VOTING POWER
0
7.SOLE DISPOSITIVE POWER
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5,000,000
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8.SHARED DISPOSITIVE POWER
0
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH
REPORTING PERSON
5,000,000
10.CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11)
EXCLUDES CERTAIN SHARES*[ ]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
5.1%
12.TYPE OF REPORTING PERSON*
IN
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
This
Schedule 13G reflects the beneficial ownership of the Reporting Persons (as
defined below) as of February 2, 2010.
ITEM
1(a). NAME OF ISSUER:
iStar
Financial Inc. (the "Issuer")
ITEM
1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
1114 Avenue of the Americas, 39th Floor
New
York, New York 10036
ITEM
2(a). NAME OF PERSON
FILING:
Ori
Uziel
ITEM
2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE
OR, IF NONE, RESIDENCE:
The business address of Mr. Uziel is 155 Wooster Street, 8th
Floor, New York, New York 10012.
ITEM
2(c). CITIZENSHIP:
Mr. Uziel is a citizen of the United
States.
ITEM
2(d). TITLE OF CLASS OF
SECURITIES:
Common
Stock, $0.001 par value per share (the “Common Stock”)
ITEM
2(e). CUSIP NUMBER:
45031U101
ITEM
3. IF THIS STATEMENT IS
FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [
] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [
] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [
] Insurance company defined in Section 3(a)(19) of the
Exchange
Act.
(d) [
] Investment company registered under Section 8 of the
Investment
Company Act.
(e) [
] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [
] An employee benefit plan or endowment fund in accordance
with
Rule 13d-1(b)(1)(ii)(F).
(g) [
] A parent holding company or control person in accordance
with
Rule 13d-1(b)(1)(ii)(G).
(h) [
] A savings association as defined in Section 3(b) of the
Federal
Deposit Insurance Act.
(i) [
] A church plan that is excluded from the definition of an
investment
company under Section 3(c)(14) of the
Investment
Company Act;
(j) [
] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If
this statement is filed pursuant to Rule 13d-1(c), check this box
[x]
ITEM
4. OWNERSHIP.
Provide
the following information regarding the aggregate number and
percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount
beneficially owned:
Mr.
Uziel beneficially owns the 5,000,000 shares of Common Stock reported herein
personally or through individual retirement accounts.
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(b)
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Percent
of Class:
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The
5,000,000 shares of Common Stock represents 5.1% of all of the outstanding
shares of Common Stock.
(c) Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote of shares of Common
Stock.
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Mr.
Uziel has sole power to vote or to direct the vote of the 5,000,000 shares of
Common Stock reported herein.
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(ii)
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Shared
power to vote or to direct the vote of shares of Common
Stock:
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Not
applicable.
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(iii)
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Sole
power to dispose or to direct the disposition of shares of Common
Stock:
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Mr.
Uziel has sole power to dispose or direct the disposition of the 5,000,000
shares of Common Stock reported herein.
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(iv)
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Shared
power to dispose or to direct the disposition of shares of Common
Stock:
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Not
applicable.
ITEM
5. OWNERSHIP OF FIVE
PERCENT OR LESS OF A CLASS.
If this statement is being filed to
report the fact that as of the date hereof the Reporting Persons have ceased to
be the beneficial owner of more than five percent of the class of securities,
check the following [ ].
ITEM
6. OWNERSHIP OF MORE THAN
FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not
applicable.
ITEM
7. IDENTIFICATION AND
CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not
applicable.
ITEM
8. IDENTIFICATION AND
CLASSIFICATION OF MEMBERS OF THE GROUP.
Not
applicable.
ITEM
9. NOTICE OF DISSOLUTION OF
GROUP.
Not
applicable.
ITEM
10. CERTIFICATION.
By
signing below the undersigned certifies that, to the best of its or his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
SIGNATURE
After
reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete, and correct.
Dated: February
11, 2010
/s/
Ori Uziel
Ori Uziel