SEC Form 4 · accession 0001225208-15-006604
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC · HOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Hippeau
Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 5:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000316206
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 28, 2015 | M | 1,649 | $0.00 | A | 13,380 | D | |
| Common StockF1 | Feb 28, 2015 | M | 1,135 | $0.00 | A | 14,515 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F4 | — | Feb 27, 2015 | A | 1,688 | A | Feb 27, 2015 | — | Common Stock | 1,688 | 1,688 | D |
| Restricted Stock UnitsF1,F2,F5 | — | Feb 28, 2015 | M | 1,135 | D | Feb 28, 2015 | — | Common Stock | 1,135 | 0 | D |
| Restricted Stock UnitsF1,F2,F4 | $0.00 | Feb 28, 2015 | M | 1,649 | D | Feb 28, 2015 | — | Common Stock | 1,649 | 0 | D |
Explanation of responses
- F1Not Applicable.
- F2Restricted Stock Units are convertible into Common Stock on a one-for-one basis.
- F3Under the terms of Starwood's 2013 Long-Term Incentive Compensation Plan (the "LTIP"), Directors of Starwood receive an annual grant of restricted stock units in amounts specified by the LTIP.
- F4Restricted Stock Units are converted into Common Stock on the first anniversary of the grant date or, if earlier, the date the Reporting Person ceases to be a director.
- F5Restricted Stock Units are converted into Common Stock on the third anniversary of the grant date or, if earlier, the date the Reporting Person ceases to be a director.