Filing Details

Accession Number:
0001179110-13-008197
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-05-10 16:59:22
Reporting Period:
2013-05-09
Filing Date:
2013-05-10
Accepted Time:
2013-05-10 16:59:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1273801 Northstar Realty Finance Corp. NRF Real Estate Investment Trusts (6798) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1306762 R Daniel Gilbert 399 Park Avenue, 18Th Floor
C/O Northstar Realty Finance Corp.
New York NY 10022
Chief Inv. & Op. 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 Acquisiton 2013-05-09 452,426 $0.00 514,873 No 4 C Direct
Common Stock Disposition 2013-05-09 259,685 $9.67 255,188 No 4 S Direct
Common Stock Disposition 2013-05-10 192,741 $9.84 62,447 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock LTIP Units Disposition 2013-05-09 452,426 $0.00 452,426 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,481,652 No 4 C Direct
Footnotes
  1. Mr. Gilbert converted 452,426 units of limited partnership interest ("LTIP Units") structured as profits interests in NorthStar Realty Finance Limited Partnership ("NRFLP"), a majority-owned subsidiary and the operating partnership of NorthStar Realty Finance Corp. ("the Company"), into 452,426 common units of partnership interests in NRFLP ("OP Units"), which were redeemed for 452,426 shares of common stock ("Common Stock"), par value $0.01 per share, of the Company.
  2. The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $9.65 to $9.70, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  3. The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $9.80 to $9.9001, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  4. Conditioned on minimum allocations to the capital accounts of the LTIP Unit for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into one OP Unit. Each of the OP Units underlying these LTIP Units is redeemable for: (1) cash equal to the then fair market value of one (1) share of Common Stock or (2) at the option of the Company in its capacity as general partner of NRFLP, one (1) share of Common Stock. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
  5. Does not include 743,967 performance based restricted stock units held by the reporting person that may be settled in LTIP Units, if available and earned.