Starwood 2007 Annual Report Download - page 23

is not ratified, the Board and the Audit Committee will reconsider the selection of the independent registered public
accounting firm.
The Board unanimously recommends a vote FOR ratification of the appointment of Ernst & Young as the
Company’s independent registered public accounting firm for 2008.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The following tables show the number of Shares “beneficially owned” by (i) all persons known to the
Company to be the beneficial owners of more than 5% of the outstanding Shares at December 31, 2007 and (ii) each
of the Directors, nominees for Director and Named Executive Officers of the Company, and (iii) Directors,
nominees for Director, Named Executive Officers and executive officers (who are not Named Executive Officers) as
a group, at January 31, 2008. “Beneficial ownership” includes Shares a stockholder has the power to vote or the
power to transfer, and also includes stock options and other derivative securities that were exercisable at that date, or
as of that date will become exercisable within 60 days thereafter. In the case of holdings of Directors and executive
officers, percentages are based upon the number of Shares outstanding at January 31, 2008, plus, where applicable,
the number of Shares that the indicated person had a right to acquire within 60 days of such date. The information in
the tables is based upon information provided by each Director and executive officer and, in the case of the
beneficial owners of more than 5% of the outstanding Shares, the information is based upon Schedules 13G and 13D
filed with the SEC.
Certain Beneficial Owners
Name and Address of Beneficial Owner
Amount and Nature of
Beneficial Ownership Percent of Class
Barclays Global Investors, NA ............................... 16,259,550 8.16%(1)
45 Fremont Street
San Francisco, CA 94105
EGI-SSE I, L.P. ......................................... 14,750,000 7.72%(2)
Two North Riverside Plaza, Suite 600
Chicago, IL 60606
FMRLLC.............................................. 13,381,000 6.72%(3)
82 Devonshire St.
Boston, MA 02109
Morgan Stanley .......................................... 11,871,555 6.00%(4)
1585 Broadway
New York, New York 10036
(1) Based on information contained in a Schedule 13G, dated February 6, 2008 (the “Barclays 13G”), filed with
respect to the Company. Barclays Global Investors, NA (“Barclays”) filed the Barclays 13G in its capacity as
investment adviser. The Shares reported are held by Barclays in trust accounts for the economic benefit of the
beneficiaries of those accounts. Barclays, in its capacity as investment advisor, may be deemed to beneficially
own an aggregate amount of 16,259,550 Shares. Barclays is an investment adviser and has sole voting power
over 16,259,550 Shares and sole dispositive power over 14,351,038 Shares.
(2) Based on information contained in a Schedule 13D, dated January 23, 2008 (the “SSE 13D”), filed with respect
to the Company. Between October 2, 2007 and January 31, 2008, EGI-SSE I, L.P. (“SSE”) acquired
14,750,000 Shares in open market purchases in a price range from $39.63 to $62.37 per share. The
average purchase price per share was $49.97, for a total purchase price of $736,997,526.78. The
acquisition of Shares by SSE has been effected solely for the purpose of investment. SSE has no intention
of participating in the formulation, determination or direction of the basic business decisions of the Company or
any affiliate of the Company. SSE has shared voting power and shared dispositive power over
14,750,000 Shares.
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