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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* DISTASO DAVID MICHAEL (Last) (First) (Middle) C/O ISTAR 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) CHIEF FINANCIAL OFFICER
	3. Date of Earliest Transaction (Month/Day/Year) 04/20/2016
	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
Restricted Stock Units	01/29/2016		A	V	11,503(1)	A	$0	37,704(3)	D
Common Stock	02/01/2016		A	V	9,000(2)	A	$0	93,994(3)	D
Common Stock	02/01/2016		F	V	3,773(2)	D	$0	93,994(3)	D
Series D Preferred Stock								607(3)	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. Effective January 29, 2016, the Reporting Person, Mr. David DiStaso, has been granted a long-term incentive equity award in the amount of 11,503 Restricted Stock Units (Units). The Units represent the right to receive an equivalent number of shares of iStar Common Stock (net of shares deducted for applicable tax withholdings) if and when the Units vest. Subject to the terms of the award agreement, the Units will cliff vest on December 31, 2018 if certain service conditions have been satisfied.

2. Effective February 1, 2016, the Reporting Person acquired 9,000 shares of iStar Common Stock upon the vesting of Units pursuant to an incentive equity award granted February 1, 2013, which award was previously reported on Form 4. After deducting 3,773 shares of iStar Common Stock for applicable tax withholdings, the Reporting Person acquired a net amount of 5,227 shares of iStar Common Stock.

3. Following these transactions, the Reporting Person is the direct beneficial owner of 93,994 shares of iStar Common Stock and 607 shares of iStar Series D Preferred Stock. He also owns a total of 37,704 Restricted Stock Units, representing the right to receive an equivalent number of shares of iStar Common Stock (net of shares deducted for applicable tax withholdings) if and when the Units vest.

	David M. DiStaso	04/20/2016
	** 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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