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OMB APPROVAL
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------ OMB Number: 3235-0287
FORM 4 Expires: September 30,
------ 1998
Estimated average burden
hours per response .... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Eilian, Jonathan D. Starwood Hotels & Resorts Worldwide, Inc./ to Issuer (Check all applicable)
Starwood Hotels & Resorts HOT
--------------------------------------------------------------------------------------------- X Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Starwood Capital Group Number of Reporting Month/Year Officer (give Other (specify
591 West Putnam Avenue Person (Voluntary) August 2000 ---- title --- below)
--------------------------------------------- ------------------- below)
(Street) 5. If Amendment,
Date of Original
Greenwich CT 06630 (Month/Year) ------------------------
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(City) (State) (Zip) 7. Individual or Joint/Group Filing (Check Applicable Line)
USA X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Shares (1) /
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08/01/00 J(2) 488 A (2) D
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D
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3,488 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 1 (Over)
* If the form is filed by more than one reporting person, see instruction 4(b)(v).
SEC 1474 (7/96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Class A Exchangeable
Preferred Shares of
Starwood Hotels & Resorts (3) 08/01/00 J(2) 528 (3) (3) Shares(1) 528
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Class B Exchangeable
Preferred Shares of
Starwood Hotels & Resorts (4) 08/01/00 J(2) 445 (4) (4) Shares(1) 445
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Class A RP Units of SLT
Realty Limited Partnership (5) 08/01/00 J(2) 53 (5) (5) Shares(1) 53
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Class B OP Units of SLC
Operating Limited Partnership (6) 08/01/00 J(2) 36 (6) (6) Shares(1) 36
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Limited Partnership Units
Exchangeable for Shares (7) 08/01/00 J(2) 13,911 (7) (7) Shares(1) 13,911
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Jonathan D. Eilian
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**Signature of Reporting Person Date
Jonathan D. Eilian
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space is insufficient, see Instruction 6 for procedure. SEC 1474 (7/96)
Potential persons who are to respond to the collection of information contained in
this form are not required to respond unless the form displays a currently valid
OMB Number.
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Name and Address of Reporting Person Issuer Name and Ticker or Trading Symbol Statement for Month/Year
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<S> <C> <C>
Eilian, Jonathan Starwood Hotels & Resorts Worldwide, Inc. August 2000
Starwood Capital Group Starwood Hotels & Resorts ("HOT")
591 West Putnam Avenue
Greenwich Avenue, CT 06630
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Explanation of Responses:
(1) Pursuant to an agreement between Starwood Hotels & Resorts Worldwide,
Inc., a Maryland corporation (the "Corporation"), and Starwood Hotels &
Resorts, a Maryland real estate investment trust (the "Trust" and,
together with the Corporation, "Starwood"), each holder of shares of
common stock, par value $.01 per share, of the Corporation (each, a
"Corporation Share") owns an equivalent number of shares of Class B shares
of beneficial interest, par value $.01 per share, of the Trust (each, a
"Trust Share"). Corporation Shares and Trust Shares may be held and traded
only in units ("Shares") consisting of one Corporation Share and one Trust
Share.
(2) Pro rata distribution from three partnerships of which Mr Eilian was a
limited partner.
(3) Class A Exchangeable Preferred Shares ("Class A EPS") are exchangeable for
Shares at any time, subject to the right of Starwood to deliver cash in
lieu of Shares, on a one-for-one basis, subject to adjustment in certain
circumstances.
(4) Class B Exchangeable Preferred Shares ("Class B EPS") are exchangeable for
Class A EPS at any time, subject to the right of Starwood to deliver cash
in lieu of Class A EPS, on a one-for-one basis, subject to adjustment in
certain circumstances. In addition, Class B EPS may, at the option of the
holder or Starwood, be redeemed, from and after January 2, 2003, at a
price equal to $38.50 per share.
(5) Class A RP units of SLT Realty Limited Partnership ("Class A Units") are
exchangeable for Shares at any time, subject to the right of Starwood to
deliver cash in lieu of Shares, on a one-for-one basis, subject to
adjustment in certain circumstances. In addition, Class A Units are
exchangeable at any time prior to January 2, 2003 for Class B EPS, subject
to the right of Starwood to deliver cash in lieu of Class B EPS, on a
one-for-one basis, subject to adjustment in certain circumstances.
(6) Class B OP Units of SLC Operating Limited Partnership ("Class B OP") are
exchangeable for Shares at any time, subject to the right of Starwood to
deliver cash in lieu of Shares, on a one-for-one basis, subject to
adjustment in certain circumstances. In addition, Class B OP are
exchangeable at any time prior to January 2, 2003, for Class B EPS,
subject to the right of Starwood to deliver cash in lieu of Class B EPS,
on a one-for-one basis, subject to adjustment in certain circumstances.
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(7) Pursuant to an Exchange Rights Agreement, and subject to certain
limitations, holders of limited partnership units ("Realty Units") of SLT
Realty Limited Partnership ("SLT") and of limited partnership units
("Operating Units" and together with the Realty Units "Units") of SLC
Operating Limited Partnership ("SLC") have the right to tender to the
Trust and the Corporation all or a portion of the Units held by such
holder. The Trust and the Corporation have the option to pay for such
tendered Units by delivering Shares or cash or a combination of cash and
Shares. Each Unit tendered is exchangeable for one Share or the value
thereof.
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