<PAGE> 1
---------------------------
OMB APPROVAL
---------------------------
- ------ OMB Number: 3235-0362
FORM 5 Expires: September 30, 1998
- ------ Estimated average burden
hours per response .... 1.0
---------------------------
/ / Check box if no UNITED STATES SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, D.C. 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b). Exchange Act of 1934,
/ / Form 3 Holdings /Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions of 1940
Reported
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Quazzo, Stephen R. Starwood Hotels & Resorts Worldwide, Inc./ to Issuer (Check all applicable)
Starwood Hotels and Resorts
HOT X Director 10% Owner
- --------------------------------------------------------------------------------------------- ---- ---
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for Officer (give Other (Specify
Transwestern Investment Company, LLC Number of Reporting Month/Year ---- title --- below)
150 N. Wacker, Person (Voluntary) below)
Suite 800 December 1999
- ------------------------------------------- ------------------- 7. Individual or Joint/Group Reporting
(Street) 5. If Amendment, (Check Applicable Line)
Chicago IL 60606 Date of Original X
(Month/Year) ---- Form filed by One Reporting
- ------------------------------------------- Person
(City) (State) (Zip)
---- Form filed by More than One
USA Reporting Person
-------------------------------------------------------------------------------------
TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
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 Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
- ------------------------------------------------------------------------------------------------------------------------------------
Shares(1) 03/31/99 A(2) 565 A $22.1250 I (3)
- ------------------------------------------------------------------------------------------------------------------------------------
Shares(1) 06/30/99 A(2) 565 A $22.1250 I (3)
- ------------------------------------------------------------------------------------------------------------------------------------
Shares(1) 09/30/99 A(2) 565 A $22.1250 I (3)
- ------------------------------------------------------------------------------------------------------------------------------------
Shares(1) 12/31/99 A(2) 565 A $22.1250 I (3)
- ------------------------------------------------------------------------------------------------------------------------------------
9,566 I (3)
- ------------------------------------------------------------------------------------------------------------------------------------
300 D
- ------------------------------------------------------------------------------------------------------------------------------------
397 I Spouse
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
* If the form is filed by more than one reporting person, see instruction 4(b)(v). (Over)
SEC 2270(7-96)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 5 (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>
- ------------------------------------------------------------------------------------------------------------------------------------
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)
-----------------------------------
Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Purchase Shares(1) $29.7500 06/30/99 A(4) 4,500 06/30/99 06/30/09 Shares(1) 4,500
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
9. Number of 10. Ownership 11. Nature of
Derivative of Derivative Indirect
Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (l) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
- -------------------------------------------------------------------------------------------------------
Option to Purchase Shares(1) 4,500 D
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Explanation of Responses:
Reporting Person Quazzo, Stephen R.
Issuer Name Starwood Hotels & Resorts Worldwide, Inc./Starwood Hotels & Resorts
Address Transwestern Investment Company, LLC
150 N. Wacker,
Suite 800
Chicago, IL 60606
USA
Identification Number
(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 Shares
and one Trust Share.
(2) Under the terms of Starwood's long-term incentive plan (the "LTIP"), certain eligible Directors of Starwood receive quarterly
grants of Shares in an amount specified by the LTIP.
(3) Annual Grants granted to Reporting Person but registered to Stephen R. Quazzo Trust of which the Reporting Person is the settler
and over which he exercises some investment control.
(4) Under the terms of Starwood's LTIP, certain eligible Directors of Starwood receive an annual grant of options to purchase Shares
in amounts specified by the LTIP.
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Stephen R. Quazzo 2/1/00
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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.
Page 2
SEC 2270(7-96)
</TABLE>
