DARNALL THEODORE W 4
4 · STARWOOD HOTEL & RESORTS WORLDWIDE INC · Filed Jan 12, 2006
Insider Transaction Report
Form 4
DARNALL THEODORE W
President, Real Estate
Transactions
- Exercise/Conversion
Shares
2006-01-10$24.88/sh+27,500$684,200→ 68,576 total - Exercise/Conversion
Options to Purchase Shares
2006-01-10−27,500→ 27,500 totalExercise: $24.88Exp: 2010-12-23→ Shares (1) (27,500 underlying) - Sale
Shares
2006-01-10$65.00/sh−27,500$1,787,500→ 41,076 total
Footnotes (3)
- [F1]Each holder of shares of common stock ("Corporation Shares") of Starwood Hotels & Resorts Worldwide, Inc. ("Starwood") owns an equivalent number of Class B shares of beneficial interest ("Trust Shares") of Starwood Hotels & Resorts, a real estate investment trust and subsidiary of Starwood. Corporation Shares and Trust Shares may be held and traded only in units consisting of one Corporation Share and one Trust Share ("Shares").
- [F2]The transaction reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 15, 2004, as amended.
- [F3]This option vests in four equal annual installments beginning 12/23/03.