X0306 4 2017-03-31 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 Common Stock 2017-03-31 4 M 0 56250 A 1810306 I By controlled entities Common Stock 3682464 D Restricted Stock Units 2017-03-31 4 M 0 56250 0.00 D Common Stock 56250 1225001 I By controlled entities On March 31, 2017, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 56,250 restricted stock units of the restricted stock units originally granted to the Manager on May 18, 2015 as an award under the Starwood Property Trust, Inc. Manager Equity Plan (the "2015 RSUs"). The remaining 2015 RSUs will vest ratably in quarterly installments through March 31, 2018 and the restricted stock units originally granted to the Manager on March 15, 2017 as an award under the Starwood Property Trust, Inc. Manager Equity Plan (the "2017 RSUs") will vest ratably in quarterly installments through June 30, 2020, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. 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 SFIP and SCGG. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Represents the 675,000 2015 RSUs granted to the Manager and the 1,000,000 2017 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock. /s/ Barry S. Sternlicht 2017-03-31