CRESTLINE CAPITAL CORP
8-K/A, 1999-03-23
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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
 
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                                  FORM 8-K/A
 
                                CURRENT REPORT 
                      PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
 
                               JANUARY 21, 1999
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               DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
 
                         CRESTLINE CAPITAL CORPORATION
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            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
        MARYLAND                    1-14635                  52-2151967
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 (STATE OR JURISDICTION      (COMMISSION FILE NO.)        (IRS EMPLOYER
    OF INCORPORATION)                                  IDENTIFICATION No.)
 
       10400 FERNWOOD ROAD  BETHESDA, MARYLAND                20817
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              (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)     (ZIP CODE)
 
                                (301) 380-9000
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             (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

                                NOT APPLICABLE
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         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)


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ITEM 5. Other Events.

        On January 21, 1999, the Compensation Committee of the Board of 
Directors of Crestline Capital Corporation (the "Company") approved certain 
changes to the Company's executive compensation and directors' compensation 
plans. This report is being filed to clarify the amount of certain options 
awarded to Bruce D. Wardinski, President and Chief Executive Officer, pursuant 
to the executive compensation plan. Mr. Wardinski received options to purchase 
250,000 shares of common stock, which vest over three years and have an exercise
price of $14.86 per share, and not options to purchase 375,000 shares on such 
terms, as previously reported. Descriptions of other previously disclosed awards
made under the plans are as previously reported.

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                                  SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, as 
amended, the registrant has duly caused this Report to be signed on its behalf 
by the undersigned thereunto duly authorized.

                                        CRESTLINE CAPITAL CORPORATION

Date: March 23, 1999                    By: /s/ Tracy M.J. Colden
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                                           Tracy M.J. Colden
                                           Senior Vice President, General 
                                           Counsel and Secretary



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