SEC Form 4 · accession 0001209191-17-013321
Sunstone Hotel Investors, Inc. · SHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Andrew Hoffman
Officer — Chief Operating Officer
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001295810
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 17, 2017 | A | 81,454 | — | A | 303,033 | D | |
| Common StockF3 | Feb 18, 2017 | F | 19,523 | — | D | 283,510 | D | |
| Common StockF4 | Feb 19, 2017 | F | 9,258 | — | D | 274,252 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 17, 2017, Sunstone Hotel Investors, Inc. (the "Company") granted 81,454 restricted shares of common stock to the Reporting Person pursuant to its 2004 Long-Term Incentive Plan. Such shares are subject to the satisfaction of vesting requirements over a three-year period.
- F2Reflects the correction of an additional 5,909.72775 shares inadvertently reported by the Reporting Person in a prior Form 4 filing due to a clerical error.
- F3On February 18, 2017, 35,725 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 18, 2016) vested, and 19,523 shares of common stock of Sunstone Hotel Investors, Inc. were withheld to satisfy tax withholding obligations. The closing price on February 17, 2017 (as February 18, 2017 fell on a weekend) of common stock of Sunstone Hotel Investors, Inc. on the New York Stock Exchange was $15.13 per share.
- F4On February 19, 2017, 16,942 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 19, 2014) vested, and 9,258 shares of common stock of Sunstone Hotel Investors, Inc. were withheld to satisfy tax withholding obligations. The closing price on February 17, 2017 (as February 19, 2017 fell on a weekend) of common stock of Sunstone Hotel Investors, Inc. on the New York Stock Exchange was $15.13 per share.