Starwood 2011 Annual Report Download - page 60
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Director Grant Date
Number of Shares of
Stock/Units Grant Date Fair Value ($)
Bruce W. Duncan .................. 2/28/2011 1,020 62,506
3/31/2011 616 37,511
3/31/2011 328 19,974
6/30/2011 616 37,511
6/30/2011 328 19,974
9/30/2011 616 37,511
9/30/2011 328 19,974
12/31/2011 616 37,511
12/31/2011 328 19,974
Lizanne Galbreath .................. 2/28/2011 1,020 62,506
3/31/2011 328 19,974
6/30/2011 328 19,974
9/30/2011 328 19,974
12/31/2011 328 19,974
Eric Hippeau ...................... 2/28/2011 1,020 62,506
3/31/2011 328 19,974
6/30/2011 328 19,974
9/30/2011 328 19,974
12/31/2011 328 19,974
Stephen R. Quazzo ................. 2/28/2011 1,020 62,506
3/31/2011 328 19,974
6/30/2011 328 19,974
9/30/2011 328 19,974
12/31/2011 328 19,974
Thomas O. Ryder .................. 2/28/2011 1,020 62,506
3/31/2011 328 19,974
6/30/2011 328 19,974
9/30/2011 328 19,974
12/31/2011 328 19,974
Kneeland C. Youngblood ............ 2/28/2011 1,020 62,506
3/31/2011 164 9,987
6/30/2011 164 9,987
9/30/2011 164 9,987
12/31/2011 164 9,987
(4) Represents the aggregate grant date fair value for stock option awards granted during the year computed in
accordance with ASC 718. For additional information, refer to Note 22 of the Company’s financial
statements filed with the SEC as part of the Form 10-K for the year ended December 31, 2011. These
amounts reflect the grant date fair value for these awards and do not correspond to the actual value that will
be recognized by the directors. As of December 31, 2011, each director has the following aggregate number
of stock options outstanding: Mr. Aron, 28,578; Ambassador Barshefsky, 25,222; Dr. Clarke, 20,468;
Mr. Daley, 16,181; Mr. Duncan, 69,447; Ms. Galbreath, 36,201; Mr. Hippeau, 36,201; Mr. Quazzo, 36,201;
Mr. Ryder, 36,201; Dr. Youngblood, 25,222. All directors received a grant of 2,550 options on February 28,
2011 with a grant date fair value of $49,276.
(5) We reimburse Non-Employee Directors for travel expenses and other out-of-pocket costs they incur when
attending meetings and, for one meeting per year, attendance by spouses. In addition, in 2011
Non-Employee Directors received 750,000 SPG points valued at $18,750. Non-Employee Directors receive
interest on deferred dividends. Pursuant to SEC rules, perquisites and personal benefits are not reported for
any director for whom such amounts were less than $10,000 in the aggregate for 2011 but must be identified
by type for each director for whom such amounts were equal to or greater than $10,000 in the aggregate.
SEC rules do not require specification of the value of any type of perquisite or personal benefit provided to
the Non-Employee Directors because no such value exceeded $25,000.
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