SEC Form 4 · accession 0001209191-17-013325
Sunstone Hotel Investors, Inc. · SHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Springer
Officer — Chief Investment Officer
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:51 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 | Feb 17, 2017 | A | 64,516 | — | A | 240,940 | D | |
| Common StockF2 | Feb 18, 2017 | F | 13,111 | — | D | 227,829 | D | |
| Common StockF3 | Feb 19, 2017 | F | 6,886 | — | D | 220,943 | 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 64,516 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.
- F2On February 18, 2017, 23,732 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 18, 2016) vested, and 13,111 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.
- F3On February 19, 2017, 12,465 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 19, 2014) vested, and 6,886 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.