4 1 p63271be4.txt FORM 4 1 --------------------------- OMB APPROVAL --------------------------- ------ OMB Number: 3235-0287 FORM 4 Expires: September 30, ------ 1998 Estimated average burden hours per response .... 0.5 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP / / Check this box if no longer subject to Filed pursuant to Section 16(a) of the Securities Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the or Form 5 obligations Public Utility Holding Company Act of 1935 may continue. See or Section 30(f) of the Investment Company Instruction 1(b). Act of 1940 ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Persons to Grose, Madison F. Starwood Hotels & Resorts Worldwide, Inc./ Issuer (Check all applicable) Starwood Hotels & Resorts HOT --------------------------------------------------------------------------------------------- X Director 10% Owner (Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- --- Starwood Capital Group Number of Reporting Month/Year Officer (give Other (specify 591 West Putnam Avenue Person (Voluntary) August 2000 ---- title --- below) --------------------------------------------- ------------------- below) (Street) 5. If Amendment, Date of Original Greenwich CT 06630 (Month/Year) ------------------------ ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) 7. Individual or Joint/Group Filing (Check Applicable Line) USA X Form filed by One Reporting Person --- Form filed by More than One Reporting Person --- ------------------------------------------------------------------------------------------------------------------------------------ TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature (Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In- Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct (Instr. 8) End of Month Direct Benefi- (Month/ (Instr. 3 and 4) (D) or cial Day/ --------------------------------------- Indirect Owner- Year) Code V Amount (A) or Price (I) ship (D) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Shares (1) 08/01/00 J(2) 8 A (2) D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 1 (Over) * If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7/96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price Security sion or action action Derivative cisable and of Underlying of (Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv- Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative Deriv- Day/ Disposed of (D) (Month/Day/ Secur- ative Year) (Instr. 3, 4, Year) ity Security and 5) (Instr. 5) ----------------------------------- Date Expira- Amount or -------------------------- Exer- tion Title Number of Code V (A) (D) cisable Date Shares ------------------------------------------------------------------------------------------------------------------------------------ Class A Exchangeable Preferred Shares of Starwood Hotels & Resorts (3) 08/01/00 J(2) 9 (3) (3) Shares(1) 9 ------------------------------------------------------------------------------------------------------------------------------------ Class B Exchangeable Preferred Shares of Starwood Hotels & Resorts (4) 08/01/00 J(2) 7 (4) (4) Shares(1) 7 ------------------------------------------------------------------------------------------------------------------------------------ Limited Partnership Units (5) 08/01/00 J(2) 232 (5) (5) Shares(1) 232 ------------------------------------------------------------------------------------------------------------------------------------ Class A RP Units of SLT Realty Limited Partnership (6) 08/01/00 J(2) 1 (6) (6) Shares(1) 1 ------------------------------------------------------------------------------------------------------------------------------------ Class B OP Units of SLC Operating Limited Partnership (7) 08/01/00 J(2) 1 (7) (7) Shares(1) 1 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 9. Number of 10. Ownership 11. Nature of Security Derivative Form of Indirect (Instr. 3) Securities Derivative Beneficial Beneficially Security: Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (I) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------- D ------------------------------------------------------------------------------------------------------- D ------------------------------------------------------------------------------------------------------- D ------------------------------------------------------------------------------------------------------- D ------------------------------------------------------------------------------------------------------- D ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- Explanation of Responses: **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Madison F. Grose ------------------------------- ------- **Signature of Reporting Person Date Madison F. Grose Note: File three copies of this Form, one of which must be manually signed. Page 2 If space is insufficient, see Instruction 6 for procedure. SEC 1474 (7/96) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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----------------------------------------------------------------------------------------------------------------------- Name and Address of Reporting Person Issuer Name and Ticker or Trading Symbol Statement for Month/Year ----------------------------------------------------------------------------------------------------------------------- Grose, Madison Starwood Hotels & Resorts Worldwide, Inc. August 2000 Starwood Capital Group Starwood Hotels & Resorts ("HOT") 591 West Putnam Avenue Greenwich Avenue, CT 06630 -----------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) Pursuant to an agreement between Starwood Hotels & Resorts Worldwide, Inc., a Maryland corporation (the "Corporation"), and Starwood Hotels & Resorts, a Maryland real estate investment trust (the "Trust" and, together with the Corporation, "Starwood"), each holder of shares of common stock, par value $.01 per share, of the Corporation (each, a "Corporation Share") owns an equivalent number of shares of Class B shares of beneficial interest, par value $.01 per share, of the Trust (each, a "Trust Share"). Corporation Shares and Trust Shares may be held and traded only in units ("Shares") consisting of one Corporation Share and one Trust Share. (2) Pro rata distribution from three partnerships of which Mr. Grose was a limited partner. (3) Class A Exchangeable Preferred Shares ("Class A EPS") are exchangeable for Shares at any time, subject to the right of Starwood to deliver cash in lieu of Shares, on a one-for-one basis, subject to adjustment in certain circumstances. (4) Class B Exchangeable Preferred Shares ("Class B EPS") are exchangeable for Class A EPS at any time, subject to the right of Starwood to deliver cash in lieu of Class A EPS, on a one-for-one basis, subject to adjustment in certain circumstances. In addition, Class B EPS may, at the option of the holder or Starwood be redeemed, from and after January 2, 2003, at a price equal to $38.50 per share. (5) Pursuant to an Exchange Rights Agreement, and subject to certain limitations, holders of limited partnership units ("Realty Units") of SLT Realty Limited Partnership ("SLT") and of limited partnership units ("Operating Units" and together with the Realty Units "Units") of SLC Operating Limited Partnership ("SLC") have the right to tender to the Trust and the Corporation all or a portion of the Units held by such holder. The Trust and the Corporation have the option to pay for such tendered Units by delivering Shares or cash or a combination of cash and Shares. Each Unit tendered is exchangeable for one Share or the value thereof. (6) Class A RP units of SLT Realty Limited Partnership ("Class A Units") are exchangeable for Shares at any time, subject to the right of Starwood to deliver cash in lieu of Shares, on a one-for-one basis, subject to adjustment in certain circumstances. In addition, Class A Units are exchangeable at any time prior to January 2, 2003 for Class B EPS, subject to the right of Starwood to deliver cash in lieu of Class B EPS, on a one-for-one basis, subject to adjustment in certain circumstances. Page 3 4 (7) Class B OP Units of SLC Operating Limited Partnership ("Class B OP") are exchangeable for Shares at any time, subject to the right of Starwood to deliver cash in lieu of Shares, on a one-for-one basis, subject to adjustment in certain circumstances. In addition, Class B OP are exchangeable at any time prior to January 2, 2003, for Class B EPS, subject to the right of Starwood to deliver cash in lieu of Class B EPS, on a one-for-one basis, subject to adjustment in certain circumstances. Page 4