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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: September 30, 1998
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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>
(Print or Type Responses)
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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) to
Starwood Hotels & Resorts Worldwide, Inc./ Issuer (Check all applicable)
Starwood Hotels & Resorts Director 10% Owner
Barnes, Brenda C. HOT ---- ---
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title --- below)
Starwood Hotels & Resorts Worldwide, Inc. Number of Reporting Month/Year below)
777 Westchester Avenue Person (Voluntary) March 2000 Former Director and Trustee and
- --------------------------------------------- ------------------- Former Chief Operating Officer
(Street) 5. If Amendment, ------------------------
Date of Original
(Month/Year)
7. Individual or Joint/Group Filing
(Check Applicable Line)
White Plains NY 10604 X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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(City) (State) (Zip)
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USA
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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) 03/15/00 A(2) 1,320 A (2) 1,320 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see instruction 4(b)(v).
Page 1 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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Option to Purchase Shares(1) $22.6875 11/30/99 J(3) 150,000 3/3/00 11/30/09 Shares(1) 150,000
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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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Option to Purchase Shares(1) 150,000 D
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Brenda C. Barnes 4/9/00
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. 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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EXPLANATION OF RESPONSES
Reporting Person Barnes, Brenda C.
Issuer Name Starwood Hotels & Resorts Worldwide, Inc.
/Starwood Hotels & Resorts
Address Starwood Hotels & Resorts Worldwide, Inc.
777 Westchester Avenue
White Plains, NY 10604
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
Share 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. As a Director of Starwood, the reporting person (the
"Reporting Person") was eligible for such grants. The Reporting Person elected
to received such quarterly grants 50% in deferred cash and 50% in deferred
Shares, as permitted under the LTIP. At the time of the Reporting Person's
resignation as a Director, effective 3/15/00, she became eligible to receive
beneficial ownership of such accumulated deferred quarterly grants of Shares.
(3) Under the terms of the LTIP, the Option to Purchase Shares ("Options") was
granted at the time the Reporting Person was engaged as "Acting Chief Operating
Officer" and thus became an Employee of the Corporation. The LTIP specifies
that such Options vest 50% on the Grant Date and 50% upon the earlier of 6
months or the termination of the Reporting Person's employment. As a result of
the Reporting Person's resignation as an Employee, these Options became fully
vested as of 3/3/00.
