X0306 4 2018-08-09 0 0001679688 Colony Capital, Inc. CLNY 0001256831 SALTZMAN RICHARD B C/O COLONY CAPITAL, INC., 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 1 1 0 0 CEO & President Class A Common Stock 2018-08-09 4 J 0 182290 A 3184939 D OP Units 2018-08-09 4 A 0 30438 0.00 A Class A Common Stock 30438 581196 D OP Units 2018-08-09 4 A 0 19885 0.00 A Class A Common Stock 19885 88179 I See footnote OP Units 2018-08-09 4 A 0 430628 0.00 A Class A Common Stock 430628 518807 I See footnote OP Units 2018-08-09 4 J 0 182290 0.00 D Class A Common Stock 182290 336517 I See footnote OP Units 2018-08-09 4 J 0 248338 6.09 D Class A Common Stock 248338 88179 I See footnote Represents the redemption by limited liability companies controlled by Thomas J. Barrack, Jr. (the "Holdcos") of common membership units ("OP Units") in Colony Capital Operating Company, LLC ("CCOC") allocable to the reporting person for shares of the issuer's Class A Common Stock ("Class A Common Stock") pursuant to the terms of the OP Units described in Note 2 below. Pursuant to agreements in connection with the Internalization (as defined below), the shares of Class A Common Stock received in connection with the redemption were distributed by the Holdcos to the reporting person. Represents OP Units, which are redeemable at the election of the OP Unit holder for (1) cash equal to the market value of an equivalent number of shares of Class A Common Stock or (2) at the option of the issuer in its capacity as the managing member of CCOC, shares of Class A Common Stock on a one-for-one basis. The right to redeem OP Units does not have an expiration date. Represents contingent consideration paid by CCOC in connection with the issuer's predecessor's acquisition of substantially all of its former manager in April 2015 (the "Internalization"). The OP Units are held by the Holdcos. The reporting person has the right, subject to certain conditions, to require the Holdcos from time to time to redeem the OP Units in accordance with Note 1 above and distribute to the reporting person the shares of Class A Common Stock or cash received upon such redemption. The OP Units were acquired in connection with contingent consideration paid in the Internalization and were allocated to the reporting person. The OP Units were redeemed for shares of Class A Common Stock pursuant to the terms of the OP Units described in Note 2 above. The OP Units were redeemed for cash pursuant to the terms of the OP Units described in Note 2 above. See Exhibit 24 - Power of Attorney /s/ Jenny B. Neslin, as Attorney-in-fact 2018-08-13