X0306 4 2017-01-02 0001467076 Colony Capital, Inc. CLNY 0001472235 Tangen Darren J. C/O COLONY CAPITAL, INC. 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 0 1 0 0 Exec. Director - CFO Class A Common Stock 2017-01-02 4 A 0 51282 0 A 296249 I By Family Trust Class A Common Stock 2017-01-02 4 F 0 14194 20.25 D 282055 I By Family Trust OP Units Class A Common Stock 248179 248179 I See footnote The acquisition represents the receipt of Class A common stock granted by the Issuer for services provided by Mr. Tangen to the Issuer. The shares were withheld by the Issuer in satisfaction of withholding taxes incurred in connection with the vesting of certain shares of Class A common stock acquired through prior grants. These units are held by LLCs controlled by Thomas J. Barrack, Jr. The amount represents the portion of the units allocated to the reporting person with respect to which the reporting person has the right to require from time to time the redemption thereof and distribution to the reporting person of the common shares or cash received upon such redemption. The OP Units are redeemable for shares of Class A Common Stock or cash at the discretion of the Issuer. The OP Units do not have expiration dates. /s/ David A. Palame, as Attorney-in-fact 2017-01-03