4//SEC Filing
PAUL JOHNATHAN H 4
Accession 0001181431-04-048800
CIK 0001295810other
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 2:07 PM ET
Size
20.2 KB
Accession
0001181431-04-048800
Insider Transaction Report
Form 4
PAUL JOHNATHAN H
Director10% Owner
Transactions
- Other
Sunstone Hotel Partnership, LLC Units (Right to acquire)
2004-10-26$17.00/sh+19,112,556$324,913,452→ 19,112,556 total(indirect: See footnote.)→ Sunstone Hotel Investors, Inc. Common Stock (19,112,556 underlying) - Sale
Sunstone Hotel Partnership, LLC Units (Right to acquire)
2004-10-26$17.00/sh−12,247,984$208,215,728→ 6,864,572 total(indirect: See footnote.)→ Sunstone Hotel Investors, Inc. Common Stock (12,247,984 underlying) - Other
Common Stock
2004-10-26$17.00/sh+9,990,832$169,844,144→ 9,990,932 total(indirect: See footnote.) - Other
Common Stock
2004-10-26$17.00/sh−103,684$1,762,628→ 9,887,248 total(indirect: See footnote.)
Footnotes (8)
- [F1]The shares of Common Stock were received in exchange for interests in certain property-owning entities as described under the caption "Formation and Structuring Transactions" in Sunstone Hotel Investors, Inc.'s final prospectus dated October 22, 2004.
- [F2]Consists of 4,516,702 shares of Common Stock directly owned by Sunstone Hotel Investors, L.L.C., 889,469 shares of Common Stock directly owned by WB Hotel Investors, LLC and 4,584,761 shares of Common Stock directly owned by Sunstone/WB Hotel Investors IV, LLC.
- [F3]See Exhibit 99.1.
- [F4]The shares of Common Stock, which will rest ratably over 5 years, were granted to former employees of Sunstone Hotel Investors, Inc. as described under the caption "Certain Relationships and Related Transactions" in the Prospectus.
- [F5]Holders of Units are entitled to present them for redemption for a cash amount equal to the then-fair market value of an equal number of shares of Sunstone Hotel Investors, Inc. or, in Sunstone Hotel Investors, Inc.'s sole discretion, an equal number of shares of Common Stock. Units are immediately eligible to be presented for redemption or become eligible at various times through October 22, 2005.
- [F6]The Units were received in exchange for interests in certain property-owning entities as described under the caption "Formation and Structuring Transactions" in Sunstone Hotel Investors, Inc.'s final prospectus dated October 22, 2004.
- [F7]Consists of 8,636,329 Units directly owned by Sunstone Hotel Investors, L.L.C., 1,709,764 Units directly owned by WB Hotel Investors, LLC, 7,831,659 Units directly owned by Sunstone/WB Hotel Investors IV, LLC and 934,804 Units directly owned by Sunstone/WB Manhattan Beach.
- [F8]Consists of 3,100,975 Units directly owned by Sunstone Hotel Investors, L.L.C., 615,896 Units directly owned by WB Hotel Investors, LLC, 2,606,302 Units directly owned by Sunstone/WB Hotel Investors IV, LLC and 541,399 Units directly owned by Sunstone/WB Manhattan Beach.
Issuer
Sunstone Hotel Investors, Inc.
CIK 0001295810
Entity typeother
Related Parties
1- filerCIK 0001058794
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 2:07 PM ET
- Size
- 20.2 KB