-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BL2Q7sTUlxKLxyR4OyPpgeSQ12OSUd1J7rCyecwFvU+NJkOo6ryfKjY5lCOpxOoC Kbfpv2Qxs4Y8B4e/o9jq3A== 0000769993-98-000199.txt : 19980812 0000769993-98-000199.hdr.sgml : 19980812 ACCESSION NUMBER: 0000769993-98-000199 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980731 FILED AS OF DATE: 19980810 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STARWOOD HOTELS & RESORTS CENTRAL INDEX KEY: 0000048595 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 520901263 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-06828 FILM NUMBER: 98680945 BUSINESS ADDRESS: STREET 1: 2231 E CAMELBACK RD STREET 2: STE 410 CITY: PHOENIX STATE: AZ ZIP: 80516 BUSINESS PHONE: 6028523900 MAIL ADDRESS: STREET 1: 2231 E CAMELBACK RD STREET 2: STE 410 CITY: PHOENIX STATE: AZ ZIP: 85016 FORMER COMPANY: FORMER CONFORMED NAME: STARWOOD LODGING TRUST DATE OF NAME CHANGE: 19950215 FORMER COMPANY: FORMER CONFORMED NAME: HOTEL INVESTORS TRUST /MD/ DATE OF NAME CHANGE: 19930506 FORMER COMPANY: FORMER CONFORMED NAME: HOTEL INVESTORS TRUST DATE OF NAME CHANGE: 19920703 COMPANY DATA: COMPANY CONFORMED NAME: ROTHENBERG STUART M CENTRAL INDEX KEY: 0001060564 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 4 1 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0287 Expires: September 30, 1998 Estimated average burden hours per response......0.5 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ================================================================================ 1. Name and Address of Reporting Person* Rothenberg, Stuart M. - -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Goldman, Sachs & Co. 85 Broad Street - -------------------------------------------------------------------------------- (Street) New York, New York 10004 - -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Starwood Hotels & Resorts Trust Starwood Hotels & Resorts Worldwide, Inc. (HOT) ================================================================================ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ================================================================================ 4. Statement for Month/Year July/1998 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ X ] Director** [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ---------------------------------------------------------------------- **Starwood Hotels & Resorts Trust ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) [ X ] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ================================================================================
==================================================================================================================================== Table I -- Non-Derivative Securities Acquired, Disposed of, | or Beneficially Owned | ==================================================================================================================================== | | | | |6. | | | | | 4. |5. |Owner- | | | | | Securities Acquired (A) or |Amount of |ship | | | | 3. | Disposed of (D) |Securities |Form: |7. | | | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of | |2. | Code | -------------------------------|Owned at End |(D) or |Indirect | 1. |Transaction | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial| Title of Security |Date | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership | (Instr. 3) |(mm/dd/yy) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)| - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | Paired Shares | 07/09/98 | P | | 800 | A | $49.00 | | I | 01,02 | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | Paired Shares | 07/09/98 | S | | 800 | D | $49.00 | 7,207 | I | 01,02 | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | Paired Shares | 07/10/98 | J(03) | | 438 | A | $57.0625 | 876 | I | 01,03 | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). FORM 4 (continued)
==================================================================================================================================== Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned | (e.g., puts, calls, warrants, options, convertible securities) | ==================================================================================================================================== | | | | | | | |9. |10. | | | | | | | | | |Number |Owner- | | | | | | | | | |of |ship | | |2. | | | | | | |Deriv- |of | | |Conver-| | | 5. | |7. | |ative |Deriv- |11. | |sion | | | Number of | |Title and Amount | |Secur- |ative |Nature| |or | | | Derivative |6. |of Underlying |8. |ities |Secur- |of | |Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- | |cise |3. |Trans-| Acquired (A)|Exercisable and |(Instr. 3 and 4) |of |ficially |Direct |direct| |Price |Trans- |action| or Disposed |Expiration Date |------------------------|Deriv- |Owned |(D) or |Bene- | 1. |of |action |Code | of(D) |(Month/Day/Year)| |Amount |ative |at End |In- |ficial| Title of |Deriv- |Date |(Instr| (Instr. 3, |----------------| |or |Secur- |of |direct |Owner-| Derivative |ative |(Month |8) | 4 and 5) |Date |Expira-| |Number |ity |Month |(I) |ship | Security |Secur- |/Day/ |------| ------------|Exer- |tion | |of |(Instr. |(Instr. |(Instr |(Instr| (Instr. 3) |ity |Year) |Code|V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) | - ------------------------------------------------------------------------------------------------------------------------------------ Stock Option | | | | | | | | | | | | | | | (right to buy) |$47.00 |6/30/98| A |V| 4,500 | |Immed. |6/30/08|Paired Shares | 4,500| | 4,500| 04 | 01,04| - -----------------------------------------------------------------------------------------------------------------------------------| Stock Option | | | | | | | | | | | | | | | (right to buy) |$47.00 |6/30/98| A |V| 4,500 | |Immed. |6/30/08|Paired Shares | 4,500| | 4,500| I | 01,05| - -----------------------------------------------------------------------------------------------------------------------------------| Stock Option | | | | | | | | | | | | | | | (right to buy) |$57.875| | | | | |Immed. | 1/2/08|Paired Shares | 2,219| | 2,219| 04 | 01,04| - -----------------------------------------------------------------------------------------------------------------------------------| Stock Option | | | | | | | | | | | | | | | (right to buy) |$57.875| | | | | |Immed. | 1/2/08|Paired Shares | 2,219| | 2,219| I | 01,05| - -----------------------------------------------------------------------------------------------------------------------------------| Class A | | | | | | | | | | | | | | | Exchangeable | | | | | | | | |Starwood | | | | | | Preferred Shares | | | | | | | | |Hotels & | | | | | | of Starwood Hotels| | | | | | | | |Resorts Paired| | | | | | & Resorts Trust | 06 | | | | | |Immed. | N/A |Shares |2,179,184| |2,179,184| I | 01,06| - -----------------------------------------------------------------------------------------------------------------------------------| Class B | | | | | | | | | | | | | | | Exchangeable | | | | | | | | |Starwood | | | | | | Preferred Shares | | | | | | | | |Hotels & | | | | | | of Starwood Hotels| | | | | | | | |Resorts Paired| | | | | | & Resorts Trust | 06 | | | | | |1/02/99 | N/A |Shares |2,008,851| |2,008,851| I | 01,06| - -----------------------------------------------------------------------------------------------------------------------------------| Partnership Units | | | | | | | | |Starwood | | | | | | of SLT Realty | | | | | | | | |Hotels & | | | | | | Limited | | | | | | | | |Resorts Paired| | | | | | Partnership | 06 | | | | | |Immed. | N/A |Shares | 117,036| | 117,036| I | 01,06| - -----------------------------------------------------------------------------------------------------------------------------------| Partnership Units | | | | | | | | |Starwood | | | | | | of SLC Operating | | | | | | | | |Hotels & | | | | | | Limited | | | | | | | | |Resorts Paired| | | | | | Partnership | 06 | | | | | |Immed. | N/A |Shares | 77,825| | 77,825| I | 01,06| - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ====================================================================================================================================
Explanation of Responses: 01: The Reporting Person is a managing director of Goldman, Sachs & Co. ("Goldman Sachs"). The Goldman Sachs Group, L.P. ("GS Group") is the general partner of and owns a 99% interest in Goldman Sachs. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. 02: The securities reported herein as indirectly purchased and sold were purchased and sold and may be deemed to be beneficially owned directly by Goldman Sachs. Without admitting any legal obligation, Goldman Sachs will remit appropriate profits, if any, to the Company. 03: These paired shares were granted to and may be deemed to be beneficially owned directly by GS Group. 219 paired shares were granted pursuant to the Starwood Hotels & Resorts Trust 1995 Long-Term Incentive Plan (Amended and Restated as of November 12, 1997). 219 paired shares were granted pursuant to the Starwood Hotels & Resorts Worldwide, Inc., 1995 Long-Term Incentive Plan (Amended and Restated as of November 12, 1997). 04: These options were granted pursuant to the Starwood Hotels & Resorts Trust 1995 Long-Term Incentive Plan (Amended and Restated as of November 12, 1997) to the Reporting Person. The Reporting Person has an agreement with GS Group pursuant to which he holds such options for the benefit of GS Group. 05: These options were granted pursuant to the Starwood Hotels & Resorts Worldwide, Inc., 1995 Long-Term Incentive Plan (Amended and Restated as of November 12, 1997) to a managing director of Goldman Sachs International, an affiliate of GS Group, in his capacity as a director of the Issuer. That managing director has an agreement with GS Group pursuant to which he holds the options for the benefit of GS Group. 06: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly in the aggregate 2,179,184 Class A Exchangeable Preferred Shares of Starwood Hotels & Resorts Trust, 2,008,851 Class B Exchangeable Preferred Shares of Starwood Hotels & Resorts Trust, 117,036 Partnership Units of SLT Realty Limited Partnership ("Realty Partnership Units") and 77,825 Partnership Units of SLC Operating Limited Partnership ("Operating Partnership Units") through certain investment partnerships (the "Limited Partnerships") of which affiliates of Goldman Sachs and GS Group are the manager, general partner or managing general partner. Goldman Sachs is the investment manager to certain of the Limited Partnerships. Pursuant to a pairing agreement between Starwood Hotels & Resorts Trust, a Maryland real estate investment trust ("Starwood Trust"), and Starwood Hotels & Resorts Worldwide, Inc., a Maryland corporation ("Starwood Corporation" and, together with Starwood Trust, "Starwood"), each stockholder of Starwood owns an equivalent number of Shares of Beneficial Interest, par value $.01 per share (the "Trust Shares"), of Starwood Trust, and shares of Common Stock, par value $.01 per share (the "Corporation Shares"), of Starwood Corporation. The Trust Shares and the Corporation Shares may be held and traded only in units consisting of one Trust Share and one Corporation Share (the "Paired Shares"). The shares of Class A Exchangeable Preferred Stock ("Class A EPS") are exchangeable for Paired Shares at any time, subject to the right of Starwood to deliver cash in lieu of Paired Shares (or, in certain circumstances, to deliver a promissory note or to cause the registered sale of such securities and the delivery of the net purchase price from such sale to the exchanging holder). The shares of Class B Exchangeable Preferred Stock ("Class B EPS") are exchangeable for Class A EPS at any time after January 2, 1999, which, as described above, is exchangeable for Paired Shares, subject to the right of Starwood to deliver cash in lieu of such Paired Shares (or, in certain circumstances, to deliver a promissory note or to cause the registered sale of such securities and the delivery of the net purchase price from such sale to the exchanging holder). Realty Partnership Units and Operating Partnership Units are exchangeable at any time for Paired Shares, subject to the right of Starwood to deliver cash in lieu of Paired Shares (or, in certain circumstances, to deliver a promissory note or to cause the registered sale of such securities and the delivery of the net purchase price from such sale to the exchanging holder), and are exchangeable, at any time prior to January 2, 2003, for shares of Class B EPS, subject to the right of Starwood to deliver cash in lieu of shares of Class B EPS (or, in certain circumstances, to deliver a promissory note or to cause the registered sale of such securities and the delivery of the net purchase price from such sale to the exchanging holder). The initial exchange ratio for all such exchanges is 1:1, and such ratio is subject to equitable adjustment in certain events, including the payment of a stock dividend by Starwood Trust or Starwood Corporation or the completion of a recapitalization of Starwood or a reclassification of the Starwood securities. In addition, the shares of Class B EPS may, at the option of either the holder or Starwood, be redeemed, from and after January 2, 2003, at a price equal to $38.50 or, in certain circumstances, Paired Shares having an equivalent value. By: s/ Hans L. Reich August 10, 1998 - --------------------------------------------- ----------------------- ***Signature of Reporting Person Date Attorney-in-fact *** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedures. Alternatively, this Form is permitted to be submitted to the Commission in electronic format at the option of the reporting person pursuant to Rule 101(b)(4) of Regulation S-T. -----END PRIVACY-ENHANCED MESSAGE-----