Starwood 2007 Annual Report Download - page 39

III. SUMMARY COMPENSATION TABLE
Name and Principal
Position Year
Salary
($)
Bonus
($)
Stock
awards
($)(1)
Option
awards
($)(2)
Non-equity
incentive plan
compensation
($)(3)
All other
compensation
($)(4)
Total
($)
Frits Van Paasschen, .......... 2007 270,833 1,500,000 568,350 89,315 403,800 347,402 3,179,700
Chief Executive Officer
since September 24, 2007
Matthew A. Ouimet, .......... 2007 721,000 — 897,772 273,034 639,082 1,011,005 3,541,893
President, Hotel 2006 291,667 — 170,009 51,268 564,375 473,562 1,550,881
Operations
Vasant Prabhu, ............. 2007 617,927 — 1,497,164 890,260 550,809 85,896 3,642,056
Executive Vice President 2006 578,667 — 1,216,698 1,136,806 567,840 29,674 3,529,685
and Chief Financial Officer
Kenneth S. Siegel,............ 2007 583,232 — 1,618,424 829,762 585,037 51,908 3,668,363
Chief Administrative Officer, 2006 496,000 — 1,117,399 992,287 505,440 23,586 3,134,712
General Counsel
and Secretary
Raymond L. Gellein, Jr., ....... 2007 794,657 700,000 3,219,492 1,425,667 795,053 42,791 6,977,660
President, Global 2006 599,541 — 1,342,463 1,347,498 740,250 48,646 4,078,398
Development Group
Bruce W. Duncan, ........... 2007 479,167 — 500,012 450,717 720,000 — 2,149,896
Chief Executive Officer
from April 1 through
September 24, 2007
Steven J. Heyer, ............ 2007 330,766 — — 245,613 — 251,462 827,841
Chief Executive Officer . . . . . . . 2006 1,000,000 — 1,753,355 4,631,937 2,000,000 578,134 9,963,426
until March 31, 2007
(1) Represents the expense recognized for financial statement reporting purposes with respect to 2007 for the fair
value of restricted stock and restricted stock units granted in 2007 as well as in prior years, in accordance with
SFAS 123(R). Pursuant to SEC rules, the amounts shown exclude the impact of estimated forfeitures related to
service-based vesting conditions. For additional information, refer to Note 20 of the Company’s financial
statements filed with the SEC as part of the Form 10-K for the year ended December 31, 2007. These amounts
reflect the Company’s accounting expense for these awards and do not correspond to the actual value that will
be recognized by the Named Executive Officers. See the Grants of Plan-Based Awards table on page 30 for
information on awards granted in 2007.
(2) Represents the expense recognized for financial statement reporting purposes with respect to 2007 for the fair
value of stock options granted in 2007 as well as in prior years, in accordance with SFAS 123(R). Pursuant to
SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting
conditions. For additional information, refer to Note 20 of the Company’s financial statements filed with the
SEC as part of the Form 10-K for the year ended December 31, 2007. These amounts reflect the Company’s
accounting expense for these awards and do not correspond to the actual value that will be recognized by the
Named Executive Officers. See the Grants of Plan-Based Awards table on page 30 for information on awards
granted in 2007.
(3) Represents cash awards paid in March 2008 and March/April 2007 with respect to 2007 and 2006, respectively,
performance under the Executive Plan (for each of the Named Executive Officers for 2007 performance and for
Messrs. Heyer and Ouimet for 2006 performance) and the AIP (for Messrs. Prabhu, Siegel and Gellein for 2006
performance), as discussed under the Annual Incentive Compensation section beginning on page 16. Cash
incentive awards exclude the following amounts that were deferred into deferred stock units (Executive Plan) or
shares of restricted stock (AIP) and increased by 33% in accordance with the Executive Plan and AIP:
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