Starwood 2006 Annual Report Download - page 30

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PART II
Item 5. Market for Registrants’ Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
Market Information
The Corporation Shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “HOT.”
The following table sets forth, for the fiscal periods indicated, the high and low sale prices per Corporation
Share (and Share until April 7, 2006) on the NYSE Composite Tape(a).
High Low
2006
Fourth quarter .......................................................... $68.00 $56.22
Third quarter........................................................... $61.85 $49.68
Second quarter . . . ...................................................... $68.87 $52.41
First quarter ........................................................... $68.50 $58.99
2005
Fourth quarter .......................................................... $65.22 $54.93
Third quarter........................................................... $64.36 $54.23
Second quarter . . . ...................................................... $61.04 $51.50
First quarter ........................................................... $61.45 $55.00
(a) On April 7, 2006, in connection with the Host Transaction, the Shares were depaired and the Corporation Shares became transferable
separately from the Class B Shares of the Trust. As a result of the depairing, the Corporation Shares now trade alone on the NYSE. Starwood
shareholders received approximately $2.8 billion in the form of Host common stock valued at $2.68 billion and $119 million in cash for
their Class B Shares. Based on Host’s closing price on April 7, 2006, this consideration had a per-Class B Share value of $13.07. As of
April 10, 2006 neither Shares nor Class B Shares are listed or traded on the NYSE.
Holders
As of February 16, 2007, there were approximately 18,000 holders of record of Corporation Shares.
Distributions and Dividends Made/Declared
The following table sets forth the frequency and amount of distributions made by the Trust and dividends made
by the Corporation to holders of Corporation Shares (and Shares until April 7, 2006) for the years ended
December 31, 2006 and 2005:
Distributions/Dividends
Declared
2006
Fourth quarter ........................................................ $0.42
(a)
First quarter ......................................................... $0.21
(b)
First quarter ......................................................... $0.21
(c)
2005
Annual distribution .................................................... $0.84
(d)
(a) The Corporation declared a dividend in the fourth quarter of 2006 to shareholders of record on December 31, 2006, which was paid in
January 2007.
(b) In connection with the Host Transaction, the Trust declared a distribution of $0.21 per Share in March 2006 to shareholders of record on
March 27, 2006, which was paid in April 2006.
(c) In connection with the Host Transaction, the Trust declared a distribution of $0.21 per Share in February 2006 to shareholders of record on
February 28, 2006, which was paid in March 2006.
(d) The Trust declared a distribution in the fourth quarter of 2005 to shareholders of record on December 31, 2005. The distribution was paid in
January 2006.
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