X0306 4 2016-01-15 0 0001579471 Colony Starwood Homes SFR 0001034657 STERNLICHT BARRY S C/O COLONY STARWOOD HOMES 8665 EAST HARTFORD DRIVE SCOTTSDALE AZ 85255 1 0 0 0 Common shares of beneficial interest 2016-01-15 4 J 0 5787 0.00 D 456844 I By controlled entities Common shares of beneficial interest 2016-04-01 4 J 0 42418 0.00 D 181426 I By controlled entities Common shares of beneficial interest 1074506 D OP Units Common shares of beneficial interest 6400000 6400000 I By controlled entities On January 15, 2016, Starwood Capital Group Global, L.P. ("SCGG") distributed 5,787 of the issuer's common shares of beneficial interest to certain employees and other individuals having an affiliation with SCGG. Mr. Sternlicht is the controlling partner of SCGG. On April 1, 2016, SCGG distributed 42,418 of the issuer's common shares of beneficial interest to certain employees and other individuals having an affiliation with SCGG. Represents common shares of beneficial interest held by SCGG and SFIP, L.P. ("SFIP"). Mr. Sternlicht is the controlling partner of SFIP. The OP Units are redeemable for the issuer's common shares of beneficial interest or cash at the discretion of the issuer. The OP Units do not have expiration dates. The OP Units are held by SCGG. /s/ Tamra D. Browne, his attorney in fact 2016-04-05