Stougaard Gary A 4
4 · Sunstone Hotel Investors, Inc. · Filed Oct 26, 2004
Insider Transaction Report
Form 4
Stougaard Gary A
Exec VP and CIO
Transactions
- Award
Restricted Stock Units
2004-10-26$17.00/sh+92,105$1,565,785→ 92,105 total→ Common Stock (92,105 underlying) - Other
Restricted Stock Units
2004-10-26$17.00/sh−23,026$391,442→ 69,079 total→ Common Stock (23,026 underlying) - Award
Common Stock
2004-10-26$17.00/sh+23,026$391,442→ 23,026 total - Tax Payment
Common Stock
2004-10-26$17.00/sh−8,163$138,771→ 14,863 total
Footnotes (2)
- [F1]Mr. Stougaard was granted an aggregate of 92,105 restricted stock units, subject to the satisfaction of vesting requirements over a five-year period. Upon vesting, Sunstone Hotel Investors, Inc. will deliver one share of Common Stock for each vested restricted stock unit. Mr. Stougaard has only the rights of an unsecured creditor in the restricted stock units, and no rights as a stockholder of Sunstone Hotel Investors, L.L.C. until the restricted stock units vest.
- [F2]On October 26, 2004, 23,026 restricted stock units vested, and 8,163 shares of Common Stock were withheld to satisfy tax withholding obligations.