SEC FORM 4 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*
MCDONALD JOHN G

(Last) (First) (Middle)

(Street)

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ISTAR FINANCIAL INC [ SFI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2003
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(1) 05/20/2003 X 4,600 A 30.3261 8,450 I Trustee of Family Trust
Common Stock, par value $001 per share 05/20/2003 S 4,600 D 31.9507 8,450 I Trustee of Family Trust
Common Stock, par value $001 per share 05/21/2003 X 6,900 A 21.4174 11,550 I By IRA
Common Stock, par value $.001 per share 05/21/2003 S 5,900 D 32.5008 11,550 I By IRA
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
Options to purchase Common Stock 30.3261 05/20/2003 X 4,600 05/27/1998 05/27/2003 Common Stock 4,600 $0 62,200 D
Options to purchase Common Stock 21.4174 05/21/2003 X 6,900 05/27/1998 05/27/2003 Common Stock 6,900 $0 55,300 D
Explanation of Responses:
1. This Form 4 is being filed by the reporting person to report the acquisition of 4,600 shares of iStar Financial Inc. (SFI) upon exercise of a stock option and the sale of 4,600 SFI shares in the open market on May 20, 2003, the acquisition of 6,900 SFI shares upon the exercise of a stock option and the sale on 5,900 SFI shares in the open market on May 21, 2003. Following these transactions, the reporting person beneficially owns an aggregate of 21,000 SFI shares: 9,450 of such shares are owned indirectly as trustee of a family trust and 11,550 of such shares are owned indirectly by the reporting person's IRA.
s/ John G. McDonald 05/21/2003
** 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).
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