X0306 4 2013-03-31 0 0001465128 STARWOOD PROPERTY TRUST, INC. STWD 0001034657 STERNLICHT BARRY S C/O STARWOOD PROPERTY TRUST, INC. 591 WEST PUTNAM AVENUE GREENWICH CT 06830 1 1 0 0 CEO, Chairman of Board of Dir. Common Stock 2013-03-31 4 M 0 162501 A 996406 I By controlled entities Common Stock 2013-04-02 4 J 0 30259 0.00 D 966147 I By controlled entities Common Stock 1623543 D Restricted Stock Units 2013-03-31 4 M 0 162501 0.00 D Common Stock 162501 997921 I By controlled entities SPT Management, LLC (the "Manager") acquired 162,501 shares of the issuer's common stock in connection with the vesting of (i) 89,584 out of 1,075,000 restricted stock units originally granted to the Manager on December 15, 2010 as an award under the Starwood Property Trust, Inc. Manager Equity Plan and (ii) 72,917 out of 875,000 restricted stock units originally granted to the Manager on October 10, 2012 as an award under the Starwood Property Trust, Inc. Manager Equity Plan. The remaining restricted stock units will vest ratably in quarterly installments through December 31, 2013 and September 30, 2015, respectively, in each case subject to the Manager's continued service as the manager of the issuer. As such restricted stock units vest, the award will be settled in shares of common stock of the issuer promptly, but in no event later than 30 days, following the applicable quarterly vesting date. Represents shares held by the Manager and SFIP, L.P. ("SFIP"). Starwood Capital Group Global, L.P. ("SCGG") is the sole member of the Manager. Mr. Sternlicht is the controlling partner of each of SCGG and SFIP. On April 2, 2013, the Manager distributed 30,259 shares of the issuer's common stock to certain employees and other individuals having an affiliation with the Manager. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Represents the 1,075,000 restricted stock units granted to the Manager on December 15, 2010 and the 875,000 restricted stock units granted to the Manager on October 1, 2012, less those restricted stock units that have already vested and been converted into shares of common stock. /s/ Barry S. Sternlicht 2013-04-02