X0306 4 2014-06-20 0 0001095651 ISTAR FINANCIAL INC SFI 0001220479 SUGARMAN JAY 1114 AVENUE OF THE AMERICAS, 39TH FLOOR NEW YORK NY 10036 1 1 0 0 Chairman and CEO Common Stock 2014-06-20 5 G 0 E 110695 0 A 2649539 D Common Stock 40544 I By spouse Preferred Stock, Series D 2000 D Restricted Stock Units 79619 D On June 20, 2014, the Reporting Person, Mr. Jay Sugarman, made charitable gifts of an aggregate of 110,695 shares of iStar common stock to three educational institutions. Following the transactions reported in this Form 4, the Reporting Person is the direct beneficial owner of 2,649,539 shares of iStar common stock and the indirect beneficial owner of 40,544 shares of iStar common stock owned by his spouse. The Reporting Person is also the direct beneficial owner of 2,000 shares of iStar Series D preferred stock and 79,619 Units representing the right to receive an equivalent number of shares of iStar common stock (net of shares deducted for statutory minimum required tax withholdings) if and when the Units vest. s/ Jay Sugarman 2014-06-20