X0306 4 2017-09-28 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 2017-09-28 4 S 0 200000 12.4242 D 230874 I By Family Trust The dispositions were executed in a series of intraday transactions with the high sales price at $12.495 and the low sales price at $12.37. /s/ David A. Palame, as Attorney-in-fact 2017-09-29