Starwood 2009 Annual Report Download - page 96

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
Market Information
The Corporation Shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “HOT.”
The following table sets forth the quarterly range of the high and low sale prices of the Corporation Shares for
the fiscal periods indicated as reported on the NYSE Composite Tape.
High Low
2009
Fourth quarter .................................................. $37.55 $27.66
Third quarter ................................................... $34.78 $18.49
Second quarter .................................................. $26.68 $12.12
First quarter .................................................... $23.78 $ 8.99
2008
Fourth quarter .................................................. $28.55 $10.97
Third quarter ................................................... $43.29 $25.95
Second quarter .................................................. $55.06 $38.89
First quarter .................................................... $56.00 $37.07
Approximate Number of Equity Security Holders
As of February 19, 2010, there were approximately 15,000 holders of record of Corporation Shares.
Dividends
The following table sets forth the frequency and amount of dividends made by the Corporation to holders of
Corporation Shares for the years ended December 31, 2009 and 2008:
Dividends
Declared
2009
Annual dividend ....................................................... $0.20
(a)
2008
Annual dividend ....................................................... $0.90
(b)
(a) The Corporation declared a dividend in the fourth quarter of 2009 to shareholders of record on December 31,
2009, which was paid in January 2010.
(b) The Corporation declared a dividend in the fourth quarter of 2008 to shareholders of record on December 31,
2008, which was paid in January 2009.
Conversion of Securities; Sale of Unregistered Securities
In 2006, we completed the redemption of the remaining 25,000 outstanding shares of Class B Exchangeable
Preferred Shares of the Trust (“Class B EPS”) for approximately $1 million in cash. Also in 2006, in connection with the
Host Transaction, we redeemed all of the Class A Exchangeable Preferred Shares of the Trust (“Class A EPS”)
(approximately 562,000 shares) and Realty Partnership units (approximately 40,000 units) for approximately $34 million
in cash. SLC Operating Limited Partnership units are convertible into Corporation Shares at the unit holder’s option,
provided that we have the option to settle conversion requests in cash or Corporation Shares. In 2006, we redeemed
approximately 926,000 SLC Operating Limited Partnership units for approximately $56 million in cash, and there were
approximately 169,000 and 178,000 of these units outstanding at December 31, 2009 and 2008, respectively.
Issuer Purchases of Equity Securities
We did not repurchase any Corporation Shares during 2009.
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