Starwood 2015 Annual Report Download - page 35

Table of Contents
Programpointsissuedforhisserviceasadirector.Otherwise,eachofficer’sperquisitesandpersonalbenefitsfor2015arelessthan$10,000,andnootheritemreported
inthiscolumnfor2015hasavaluethatexceeds$10,000.ForMr.vanPaasschen,alsoincludesseverancecompensationunderthevanPaasschenSeparationAgreement
as follows: (a) a lump sum severance payment to Mr. van Paasschen equal to $7,187,500, (b) an amount of $425,000, which is equal to one-sixth of what the
CompensationCommittee determinedhewouldhaveearned undertheAnnualIncentive Plan for2015wereheto remainemployedfortheentirety of2015basedon
actualperformanceresults,(c)consultingfeesof$312,501and(d)alumpsumpaymentof$25,256infullsatisfactionofourobligationsunderhisemploymentagreement
for certain COBRA-related payments. See the section entitled Certain One Time Payments Upon Termination Separation Agreement of Employment below in this
reportforfurtherinformationofMr.vanPaasschen’sseverancepayment.
2015 Grants of Plan-Based Awards Table
The table below sets forth a summary of the grants of plan-based awards to the named executive officers made during 2015:
Name
Grant
Date (1)
Compensation
Committee
Approval
Date (1)
Estimated Possible Payouts
Under
Non-Equity Incentive Plan
Awards (2)
Estimated Future Payouts
Under
Equity Incentive Plan
Awards (3)
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units
(#) (4)
Grant Date
Fair
Value of
Stock and
Option
Awards
($) (5)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
Mangas 2/27/15 2/25/15 — — — — 14,375 28,750 — 1,294,181
2/27/15 2/25/15 — — — — — — 14,375 1,150,000
— — 280,000 700,000 1,400,000 — — — — —
Poulter 2/27/15 2/25/15 — — — — 11,250 22,500 — 1,012,838
2/27/15 2/25/15 — — — — — — 11,250 900,000
— — 280,000 700,000 1,400,000 — — — — —
Rivera 2/27/15 2/25/15 — — — — 9,000 18,000 — 810,270
2/27/15 2/25/15 — — — — — — 13,500 1,080,000
— — 299,878 749,696 1,499,392 — — — — —
Schnaid 2/27/15 2/25/15 — — — — 1,000 2,000 — 90,030
2/27/15 2/25/15 — — — — — — 4,000 320,000
— — 104,242 260,606 521,212 — — — — —
Turner 2/27/15 2/25/15 — — — — 14,375 28,750 — 1,294,181
2/27/15 2/25/15 — — — — — — 14,375 1,150,000
— — 306,714 766,785 1,533,570 — — — — —
Aron 3/31/15 — — — — — — — 137 11,107
12/30/15 — — — — — — — 70,019 4,962,247
— — 800,000 2,000,000 3,000,000 — — — — —
van Paasschen — — 1,000,000 (6) 2,500,000 (6) 5,000,000 (6) — — — — —
(1) ThegrantdateforstockawardsmaydifferfromtheCompensationCommitteeapprovaldateinaccordancewiththeprocedureoutlinedinthesectionentitledEquity
Grant Practices aboveinthisreport.
(2) Representsthe potential valuesofthe awards grantedtothe named executiveofficersfor annual incentiveawardsfor2015. Seethesectionentitled2015 Incentive
Compensation aboveinthisreportformoreinformationabouttheseawards.
(3) Represents the potential number of performance shares granted to the named executive officers in 2015. See the section entitled 2015 Long-Term Incentive
Compensation aboveinthisreportformoreinformationabouttheseawards.
(4) RepresentstherestrictedstockawardsgrantedtothenamedexecutiveofficersotherthanMr.Aronin2015,forwhichdividendsareaccruedandpaiduponvesting.See
thesectionentitled2015 Long-Term Incentive Compensation aboveinthisreportformoreinformationabouttheseawards.AlsorepresentsforMr.Aronadirector
stockawardforhisserviceduringthefirstquarterof2015andhisawardofunrestrictedcommonstockhereceivedpursuanttohisseparationagreement.
(5) Represents the grant date fair value of the stock awards disclosed in this table as of their respective grant datesin accordance with ASC 718and, with respectto
performanceshares,representstheprobableoutcomeofperformancecriteria.Foradditionalinformation,refertoNote 20ofourfinancialstatementsfiledwiththe
SECaspartoftheForm10-KfortheyearendedDecember31,2015.Therecanbenoassurancethattheseamountswillcorrespondtotheactualvaluethatwillbe
recognizedbythenamedexecutiveofficers.
(6) ForfeitedbyMr.vanPaasscheninconnectionwithhisresignationfromtheCompanyinFebruary2015.
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