Kline Jon D 4
4 · Sunstone Hotel Investors, Inc. · Filed Jan 5, 2005
Insider Transaction Report
Form 4
Kline Jon D
VP and CFO
Transactions
- Tax Payment
Common Stock
2004-10-26$17.00/sh−10,495$178,415→ 19,110 total - Other
Restricted Stock Unit
2004-10-26$17.00/sh−29,605$503,285→ 88,816 total→ Common Stock (29,605 underlying) - Award
Common Stock
2004-10-26$17.00/sh+29,605$503,285→ 29,605 total - Award
Restricted Stock Unit
2004-10-26$17.00/sh+118,421$2,013,157→ 118,421 total→ Common Stock (118,421 underlying)
Footnotes (2)
- [F1]Mr. Kline was granted an aggregate of 118,421 restricted stock units, subject to the satisfaction of vesting requirements over a five-year period. Upon vesting, Sunstone Hotel Investors, Inc. will deliver one share of Common Stock for each vested restricted stock unit. Mr. Kline has only the rights of an unsecured creditor in the restricted stock units, and no rights as a stockholder of Sunstone Hotel Investors, L.L.C. until the restricted stock units vest.
- [F2]On October 26, 2004, 29,605 restricted stock units vested, and 10,495 shares of Common Stock were withheld to satisfy tax withholding obligations.