Starwood 2008 Annual Report Download - page 42

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Name 2008 Amount Deferred 2007 Amount Deferred 2006 Amount Deferred
van Paasschen .............. 455,000 134,600 —
Prabhu .................... 145,750 183,603 189,280
Siegel .................... 139,922 195,013 168,480
Avril ..................... 134,125 — —
McAveety ................. 85,313 — —
Turner .................... 104,167 — —
(4) Pursuant to SEC rules, perquisites and personal benefits are not reported for any Named Executive Officer for
whom such amounts were less than $10,000 in the aggregate for 2008, 2007 and 2006 but must be identified by
type for each Named Executive Officer for whom such amounts were equal to or greater than $10,000 in the
aggregate. In that regard, the All Other Compensation column of the Summary Compensation Table includes
perquisites and other personal benefits consisting of the following: annual physical examinations, COBRA
premiums paid by the Company, Company contributions to the Company’s tax-qualified 401(k) plan, dividends
on restricted stock, life insurance premiums, legal fees paid by the Company, spousal accompaniment while on
business travel, and tax and financial planning services. SEC rules require specification of the cost of any
perquisite or personal benefit when this cost exceeds $25,000. This applies to Mr. van Paasschen’s personal
travel (discussed below). These amounts are included in the All Other Compensation column.
The net aggregate incremental cost to the Company of Mr. van Paasschen’s personal use of the Company-
owned plane and chartered aircraft was $329,480 in 2008 and $165,606 in 2007, which amounts were covered
by his credit. For 2007, also includes relocation benefits which had an aggregate cost of $132,275 and the
reimbursement of $44,556 for legal fees incurred in connection with the negotiation of his employment
agreement. These amounts are included in the All Other Compensation column.
The cost of the Company-owned plane includes the cost of fuel, ground services and landing fees, navigation
and telecommunications, catering and aircraft supplies, crew expenses, aircraft cleaning and an allocable share
of maintenance. Pursuant to SEC rules, the following table specifies the value for each element of All Other
Compensation not specified above other than perquisites and personal benefits that is valued in excess of
$10,000.
Name
Dividend
Equivalents on
Restricted Stock
($) (2008)
Relocation
($) (2008)
Dividend
Equivalents on
Restricted Stock
($) (2007)
van Paasschen .............................. — 165,328 —
Prabhu ................................... 69,917 — 63,530
Siegel .................................... 76,538 — 24,199
Avril ..................................... 150,728 — —
McAveety ................................. — 111,861 —
(5) Mr. Avril became an executive officer in September 2008 upon his promotion to President, Hotel Group.
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