Starwood 2015 Annual Report Download - page 47

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Table of Contents
(3) Representsthegrantdatefairvalueforstock(deferredandotherwise)andrestrictedstockunitawardsgrantedduringtheyearcomputedinaccordancewithASC718.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.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Non-EmployeeDirectors.Thegrantdatefair
valueofeachstockawardissetforthbelow:
Director Grant Date
Number of
Shares of
Stock/Units
Grant Date
Fair Value
($)
Charlene Barshefsky 2/27/2015 1,688 135,040
Thomas E. Clarke 2/27/2015 1,688 135,040
Clayton C. Daley, Jr. 2/27/2015 1,688 135,040
Bruce W. Duncan 2/27/2015 1,688 135,040
3/31/2015 463 37,535
6/30/2015 449 37,492
9/30/2015 462 37,464
12/31/2015 564 37,495
Lizanne Galbreath 2/27/2015 1,688 135,040
3/31/2015 278 22,537
6/30/2015 269 22,462
9/30/2015 277 22,462
12/31/2015 338 22,470
Eric Hippeau 2/27/2015 1,688 135,040
3/31/2015 278 22,537
6/30/2015 269 22,462
9/30/2015 277 22,462
12/31/2015 338 22,470
Aylwin B. Lewis 2/27/2015 1,688 135,040
Stephen R. Quazzo 2/27/2015 1,688 135,040
3/31/2015 278 22,537
6/30/2015 269 22,462
9/30/2015 277 22,462
12/31/2015 338 22,470
Thomas O. Ryder 2/27/2015 1,688 135,040
(4) AsofDecember31,2015,eachdirectorhadthefollowingaggregatenumberofstockoptionsoutstanding:AmbassadorBarshefsky,12,562;Dr.Clarke,12,327;Mr.Daley,
9,475;Mr.Duncan,9,475;Ms.Galbreath,23,541;Mr.Hippeau,23,541;Mr.Lewis,0;Mr.Quazzo,23,541;andMr.Ryder,5,388.
(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 2015 Non-Employee Directors received 750,000 SPG Program points valued at $0.025 per point. 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2015 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.
Compensation Committee Interlocks and Insider Participation
The members of the Compensation Committee during fiscal year 2015 were all independent directors, and no member was an employee or former employee of the
Company. None of the Compensation Committee members had any relationship requiring disclosure under the Related Person Transaction Policy described below.
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