X0306 4 2017-11-15 0 0001679688 Colony NorthStar, Inc. CLNS 0001076343 BARRACK THOMAS JR C/O COLONY NORTHSTAR, INC., 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 1 1 0 0 Executive Chairman Class B Common Stock 2017-11-15 4 J 0 5634 0.00 D 736240 I By Family Trust Class A Common Stock 2017-11-15 4 J 0 5634 0.00 A 1371124 I By Family Trust OP Units 2017-11-15 5 G 0 E 200000 0.00 A Class A Common Stock 200000 26136586 I See footnote In connection with a charitable donation of 200,000 OP Units owned indirectly by Mr. Jonathan Grunzweig, in accordance with the terms of the Class B common stock owned by Mr. Barrack, 5,634 shares of Class B common stock were required to be converted to Class A common stock. 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. The OP Units are held by limited liability companies controlled by the reporting person. The reporting person disclaims beneficial ownership of the securities disposed of except to the extent of his pecuniary interest therein. /s/ David A. Palame, as Attorney-in-fact 2017-11-17