Starwood 2012 Annual Report Download - page 66

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.-2013Proxy Statement60
EXECUTIVE COMPENSATION
2012 Option Exercises and Stock Vested Table
The following table discloses, for each named executive offi cer, (1)option awards representing shares acquired pursuant to exercise of
stock options during 2012; and (2)stock awards representing (a)shares of restricted stock that vested in 2012 and (b)shares acquired
in 2012 on account of vesting of restricted stock units. The table also discloses the value realized by the named executive offi cer for
each such event, calculated prior to the deduction of any applicable withholding taxes and brokerage commissions.
Name
Option Awards Stock Awards
Number
of Shares
Acquired
onExercise
(#)
Value
Realized
onExercise
($)
Number
of Shares
Acquired
onVesting
(#)
Value
Realized
onVesting
($)
van Paasschen 623,452 29,295,997 21,468 1,213,157
Prabhu 50,000 2,444,903 122,808 6,735,487
Rivera 70,780 3,006,778 10,662 583,245
Siegel 130,380 6,012,474 33,675 1,826,100
Turner — — 4,562 257,799
Avril 90,518 3,697,816 10,847 604,909
2012 Nonqualifi ed Deferred Compensation Table
The Company’s Deferred Compensation Plan (or Plan) permits eligible executives, including our named executive offi cers, to defer up
to 100% of their Executive Plan cash bonus award, as applicable, and up to 75% of their base salary for a calendar year. We do not
contribute to the Plan.
Name
Executive
Contributions
in Last FY
($)
Registrant
Contributions
in Last FY
($)
Aggregate
Earnings
inLast FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance
atLast FYE
($)
van Paasschen 575,000(1) — 73,274(2) — 1,281,003(3)
Prabhu ———— —
Rivera ———— —
Siegel ———— —
Turner ———— —
Avril ———— —
(1) This amount is included in the ‘“Non-Equity Incentive Plan Compensation” column of the
2012 Summary Compensation Table on page 55 of this proxy statement .
(2) This amount is not included in the
2012 Summary Compensation Table on page 55 of this proxy statement .
(3) $500,000 of this amount previously was reported as salary in the prior years’ Summary Compensation Tables.
Deferral elections are made in December for base salary paid
in pay periods beginning in the following calendar year. Deferral
elections are made in June for annual incentive awards that are
earned for performance in that calendar year but paid in March
of the following year. Deferral elections are irrevocable.
Elections as to the time and form of payment are made at the
same time as the corresponding deferral election. A participant
may elect to receive payment on February1 of a calendar year
while still employed or either 6 or 12months following employment
termination. Payment will be made immediately in the event a
participant terminates employment on account of death or disability
or on account of certain changes in control. A participant may
elect to receive payment of his account balance in either a lump
sum or in annual installments, so long as the account balance
exceeds $50,000; otherwise payment will be made in a lump sum.
If a participant elects an in-service distribution, the participant
may change the scheduled distribution date or form of payment
so long as the change is made at least 12months in advance of
the scheduled distribution date. Any such change must provide
that distribution will commence at least fi ve years later than the
scheduled distribution date. If a participant elects to receive a
distribution upon employment termination, that election and the
corresponding form of payment election are irrevocable. Withdrawals
for hardship that result from an unforeseeable emergency are
available, but no other unscheduled withdrawals are permitted.
The Plan uses the investment funds listed below as potential
indices for calculating investment returns on a participant’s Plan
account balance. The deferrals the participant directs for investment
into these funds are adjusted based on a deemed investment in
the applicable funds. The participant does not actually own the
investments that he selects. TheCompany may, but is not required
to, make identical investments pursuant to a variable universal
life insurance product. When it does, participants have no direct
interest in this life insurance.