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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1095651	Istar Financial Inc	SFI	Real Estate Investment Trusts (6798)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1220479	Jay Sugarman	1114 Avenue Of The Americas, 39Th Floor New York NY 10036	Chairman And Ceo	Yes	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, $.001 Par Value	Disposition	2010-03-18	500,000	$4.73	2,252,675	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

On March 18, 2010, the Reporting Person, Mr. Jay Sugarman, sold a total of 500,000 shares of common stock of iStar Financial Inc. at an average price of $4.72845 per share in open market transactions. Proceeds from the sale will be used for a personal investment obligation of the Reporting Person.
Following these sales, the Reporting Person is the beneficial owner of (a) 2,297,219 shares of iStar common stock, of which 2,252,675 shares are owned directly and 44,544 shares are owned indirectly by the Reporting Person's spouse, and (b) 2,000 shares of iStar Series D preferred stock, which are owned directly.
In addition, the Reporting Person owns a total of 7,043,030 Restricted Stock Units (Units), representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for applicable taxes and other withholdings) if and when the Units vest in accordance with the terms of the award agreements for the Units.