X0306 4 2012-12-11 0 0001095651 ISTAR FINANCIAL INC SFI 0001219403 MATIS NINA 1114 AVENUE OF THE AMERICAS, 39TH FLOOR NEW YORK NY 10036 0 1 0 0 Chief Legal Officer & CIO Common Stock 2012-12-11 4 S 0 40000 7.90 D 197161 D Restricted Stock Units 319260 D On December 11, 2012, the Reporting Person, Ms. Nina Matis, disposed of a total of 40,000 shares of iStar common stock at an average price of $7.90 per share in open market sales transactions. Following the transactions reported in this Form 4, the Reporting Person is the beneficial owner of a total of 197,161 shares of iStar common stock, which are owned directly. The Reporting Person is also the holder of 319,260 Units representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for taxes and other withholdings) if and when the Units vest. s/ Nina B Matis 2012-12-11