X0306 4 2018-03-15 0 0001679688 Colony NorthStar, Inc. CLNS 0001472235 Tangen Darren J. C/O COLONY NORTHSTAR, INC. 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 0 1 0 0 Exec. VP - CFO Class A Common Stock 2018-03-15 4 A 0 516870 0.00 A 723194 I By Family Trust Represents shares of restricted Class A Common Stock granted to the reporting person by the Issuer, 94,573 of which vest annually in three equal installments beginning on March 15, 2019 and 422,297 of which vest on March 15, 2021. /s/ David A. Palame, as Attorney-in-fact 2018-03-19