Starwood 2008 Annual Report Download - page 55

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Director Grant Date
Number of Shares of
Stock/Units Grant Date Fair Value ($)
Bruce W. Duncan ................. 2/28/2008 1,029 50,015
3/31/2008 458 20,017
3/31/2008 858 37,499
6/30/2008 458 20,017
6/30/2008 858 37,499
9/30/2008 458 20,017
9/30/2008 858 37,499
12/31/2008 458 20,017
12/31/2008 858 37,499
Lizanne Galbreath ................. 2/28/2008 1,029 50,015
3/31/2008 458 20,017
6/30/2008 458 20,017
9/30/2008 458 20,017
12/31/2008 458 20,017
Eric Hippeau ..................... 2/28/2008 1,029 50,015
3/31/2008 458 20,017
6/30/2008 458 20,017
9/30/2008 458 20,017
12/31/2008 458 20,017
Stephen R. Quazzo ................ 2/28/2008 1,029 50,015
3/31/2008 458 20,017
6/30/2008 458 20,017
9/30/2008 458 20,017
12/31/2008 458 20,017
Thomas O. Ryder ................. 2/28/2008 1,029 50,015
3/31/2008 458 20,017
6/30/2008 458 20,017
9/30/2008 458 20,017
12/31/2008 458 20,017
Kneeland C. Youngblood ............ 2/28/2008 1,029 50,015
3/31/2008 229 10,008
6/30/2008 229 10,008
9/30/2008 229 10,008
12/31/2008 229 10,008
(4) Represents the expense recognized for financial statement reporting purposes with respect to 2008 for the fair
value of stock options granted in 2008, 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 21 of the Company’s financial statements filed with the SEC as part of the Form 10-K
for the year ended December 31, 2008. 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 Directors. As of December 31,
2008, each Director has the following aggregate number of stock options outstanding: Mr. Aron, 10,962;
Ambassador Barshefsky, 35,082; Mr. Chapus, 35,082; Mr. Clarke, 2,852; Mr. Daley, 1,544; Mr. Duncan,
95,804; Ms. Galbreath, 18,585; Mr. Hippeau, 52,738; Mr. Quazzo, 51,579; Mr. Ryder, 40,581; Mr. Youngblood,
40,581. All Directors other than Messrs. Clarke and Daley (who were not Directors at the time) received a grant
of 3,087 options on February 28, 2008 with a grant date fair value of $48,939. Mr. Clarke received a grant of
2,852 options on April 30, 2008 with a grant date fair value of $48,753 and Mr. Daley received a grant of 1,544
options on November 5, 2008 with a grant date fair value of $14,756.
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