Starwood 2007 Annual Report Download - page 42

IV. GRANTS OF PLAN-BASED AWARDS
Name
Grant
Date (or
year with
respect to
non-equity
incentive plan
award)
Threshold
($)
Target
($)
Maximum
($)
Compensation
Committee
Approval
Date
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units
(#)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#) (2)
Exercise
or Base
Price of
Option
Awards
($/Sh)
Grant Date
Fair Value
of Stock
and Option
Awards
($) (3)
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards(1)
Van Paasschen . . 9/24/07 8/30/07 63,895 58.69 1,331,521
9/24/07 8/30/07 63,895(7) 3,749,998
9/24/07 8/30/07 25,558(7) 1,499,999
2007 0 2,000,000 9,000,000(8)
Ouimet . . . . . . . 2/28/07 2/12/07 34,538 65.15 715,804
2/28/07 2/12/07 34,538(6) 2,249,978
3/01/07 (4) 3,866(4) 250,208
2007 181,300 725,200 1,359,750
Prabhu . . . . . . . 2/28/07 2/12/07 34,538 65.15 715,804
2/28/07 2/12/07 34,538(6) 2,249,978
3/01/07 (5) 3,890(5) 251,761
2007 156,258 625,032 1,171,935
Siegel . . . . . . . . 2/28/07 2/12/07 34,538 65.15 715,804
2/28/07 2/12/07 34,538(6) 2,249,978
3/01/07 (5) 3,462(5) 224,061
2007 150,010 600,038 1,125,071
Gellein . . . . . . . 2/28/07 2/12/07 40,295 65.15 835,118
2/28/07 2/12/07 40,295(6) 2,625,018
3/01/07 (5) 5,071(5) 328,195
2007 187,513 750,050 1,406,344
Duncan. . . . . . . 5/24/07 5/23/07 44,225 67.84 901,434
5/24/07 5/23/07 14,742(6) 1,000,024
2007 0 2,000,000 9,000,000(8)
(1) Represents the potential values of the awards granted to the Named Executive Officers under the Executive Plan
or the AIP, as applicable, if the threshold, target and maximum goals are satisfied for all applicable performance
measures. See detailed discussion of these awards in section V. below.
(2) The options generally vest in equal installments on the first, second, third and fourth anniversary of their grant.
If the grantee is eligible for retirement, the options vest upon the completion of 18 months of continuous service
from the grant date.
(3) Represents the fair value of the awards disclosed in columns (g) and (h) on their respective grant dates. For
restricted stock and restricted stock units, fair value is calculated in accordance with SFAS 123(R) using the
average of the high and low price of the Company’s stock on the grant date. For stock options, fair value is
calculated in accordance with SFAS 123(R) using a lattice valuation model. 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. There can be no assurance that these amounts will correspond to the actual value that will
be recognized by the Named Executive Officers.
(4) On March 1, 2007, in accordance with the Executive Plan, 25% of Mr. Ouimet’s annual bonus with respect to
2006 performance was credited to a deferred stock unit account on the Company’s balance sheet, which number
of shares was increased by 33%. These deferred stock units vest in equal installments on the first, second and
third fiscal year-ends following the date of grant. Dividends are paid to Mr. Ouimet in amounts equal to those
paid to holders of shares of Company stock. No separate Compensation Committee approval was required for
these shares, which are provided by plan terms.
(5) On March 1, 2007, in accordance with the AIP, 25% of Messrs. Prabhu’s, Siegel’s and Gellein’s annual bonus
with respect to 2006 performance was paid in shares of restricted stock, which number of shares was increased
by 33%. These shares of restricted stock generally vest in equal installments on the first and second anniversary
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