SEC Form 4 · accession 0001209191-17-019509
Starwood Waypoint Homes · SFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry S Sternlicht
Director
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 11:45 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001579471
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common shares of beneficial interestF2 | Mar 7, 2017 | J | 476,891 | $0.00 | A | 643,630 | I | by controlled entities |
| common shares of beneficial interestF2 | Mar 7, 2017 | P | 476,891 | $32.50 | D | 166,739 | I | by controlled entities |
| common shares of beneficial interest | holding | — | — | — | 688,027 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF5,F4 | — | Mar 7, 2017 | J | 476,891 | D | — | — | common shares of beneficial interest | 476,891 | 5,923,019 | I |
Explanation of responses
- F1On March 7, 2017, Starwood Capital Group Global, L.P. ("SCGG") received 476,891 of the issuer's common shares of beneficial interest from the issuer in exchange for 476,891 OP Units. Mr. Sternlicht is the controlling partner of SCGG.
- F2Represents common shares of beneficial interest held by SCGG and SFIP, L.P. ("SFIP"). Mr. Sternlicht is the controlling partner of SFIP.
- F3SCGG sold 476,891 of the issuer's common shares of beneficial interest in an underwritten offering on March 7, 2017. The shares were sold at a price of $32.50 per share subject to a $0.975 underwriting discount, for net proceeds of $31.525 per share.
- F4The OP Units are redeemable for the issuer's common shares of beneficial interest or cash at the discretion of the issuer. The OP Units do not have expiration dates.
- F5OP Units are held by SCGG.