X0306 4 2017-08-31 0 0001679688 Colony NorthStar, Inc. CLNS 0001637687 Redington Neale C/O COLONY NORTHSTAR, INC. 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 0 1 0 0 Chief Accounting Officer Class A Common Stock 2017-08-31 4 A 0 115830 0.00 A 195408 D OP Units Class A Common Stock 6758 6758 I See Footnote The acquisition represents a special retention award of Class A common stock granted by the Issuer. 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. These units are held by LLCs controlled by Thomas J. Barrack, Jr. A portion of the units allocated to the reporting person, as member of the LLCs, was redeemed by the LLCs for cash, at the discretion of the issuer, and the reporting person received cash as distribution form the LLCs upon such redemption. The OP Units do not have expiration dates. /s/ David A. Palame, as Attorney-in-fact 2017-09-05