X0306 4 2016-01-29 0 0001295810 Sunstone Hotel Investors, Inc. SHO 0001569256 Sloan David Ryan 120 VANTIS SUITE 350 ALISO VIEJO CA 92656 0 1 0 0 SVP - General Counsel Common Stock 2016-01-29 4 J 0 1421 A 68936.776 D Common Stock 2016-02-13 4 F 0 3020 D 65916.776 D Common Stock 2016-02-15 4 F 0 3624 D 62292.776 D Reflects shares of common stock received in connection with the dividend paid by Sunstone Hotel Investors, Inc. on January 29, 2016 to stockholders of record as of December 31, 2015. On February 13, 2016, 8,062 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 13, 2015) vested, and 3,020 shares of common stock of Sunstone Hotel Investors, Inc. were withheld to satisfy tax withholding obligations. The closing price on February 12, 2016 (as February 13, 2016 fell on a weekend) of common stock of Sunstone Hotel Investors, Inc. on the New York Stock Exchange was $11.94 per share. On February 15, 2016, 9,646 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 15, 2013) vested, and 3,624 shares of common stock of Sunstone Hotel Investors, Inc. were withheld to satisfy tax withholding obligations. The closing price on February 12, 2016 (as February 15, 2016 fell on a holiday) of common stock of Sunstone Hotel Investors, Inc. on the New York Stock Exchange was $11.94 per share. /s/ David R. Sloan 2016-02-17