STARWOOD HOTEL & RESORTS WORLDWIDE INC 4
4 · STARWOOD HOTEL & RESORTS WORLDWIDE INC · Filed Mar 17, 2006
Insider Transaction Report
Form 4
DARNALL THEODORE W
President, Real Estate
Transactions
- Exercise/Conversion
Shares
2006-03-15$38.74/sh+23,000$891,135→ 93,338 total - Sale
Shares
2006-03-15$65.00/sh−27,500$1,787,500→ 70,338 total - Exercise/Conversion
Options to Purchase Shares
2006-03-15−27,500→ 0 totalExercise: $34.58Exp: 2012-02-15→ Shares (27,500 underlying) - Exercise/Conversion
Options to Purchase Shares
2006-03-15−18,750→ 56,250 totalExercise: $59.13From: 2006-02-10Exp: 2013-02-10→ Shares (18,750 underlying) - Sale
Shares
2006-03-15$65.00/sh−18,750$1,218,750→ 70,338 total - Exercise/Conversion
Shares
2006-03-15$59.13/sh+18,750$1,108,781→ 89,088 total - Sale
Shares
2006-03-15$65.00/sh−23,000$1,495,000→ 70,338 total - Exercise/Conversion
Options to Purchase Shares
2006-03-15−23,000→ 46,000 totalExercise: $38.74Exp: 2012-02-18→ Shares (23,000 underlying) - Exercise/Conversion
Shares
2006-03-15$34.58/sh+27,500$950,950→ 97,838 total
Footnotes (4)
- [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 18, 2005.
- [F3]This option vested in four equal annual installments beginning 2/15/03.
- [F4]This option vests in four equal annual installments beginning 2/18/05.