SEC Form 4 · accession 0001225208-16-030396
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC · HOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Bruce W Duncan
Director
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 9:58 pm EDT
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 | Mar 24, 2016 | M | 654 | $0.00 | A | 48,384 | D | |
| Common Stock | holding | — | — | — | 71,366 | I | Bruce W. Duncan Revocable Trust |
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,F3 | — | Mar 24, 2016 | M | 654 | D | Mar 24, 2016 | — | Common Stock | 654 | 0 | D |
| Restricted Stock UnitsF1,F2,F5 | — | Mar 24, 2016 | A | 541 | A | Mar 24, 2019 | — | Common Stock | 541 | 541 | D |
Explanation of responses
- F1Not Applicable.
- F2Restricted Stock Units are convertible into Common Stock on a one-for-one basis.
- F3Restricted Stock Units are converted into Common Stock on the third anniversary.
- F4Restricted Stock Units accrued under the Starwood Hotels & Resorts Worldwide, Inc. 2013 Long-Term Incentive Compensation Plan by Reporting Person as fees for serving as Chairman of Starwood's Board of Directors.
- F5Restricted Stock Units vest on the third anniversary of the grant date. As per the terms of Reporting Person's Deferral Agreement, Restricted Stock Units will convert into Common Stock and will be distributed on January 15 of the fifth year following the vesting date, or, if earlier, the date the Reporting Person ceases to be a director.