X0306 4 2019-02-08 0 0001295810 Sunstone Hotel Investors, Inc. SHO 0001569291 Giglia Bryan Albert SPECTRUM CENTER DRIVE 21ST FLOOR IRVINE CA 92618 0 1 0 0 Chief Financial Officer Common Stock 2019-02-08 4 A 0 76869 A 346067.1729 D Common Stock 2019-02-09 4 F 0 12578 D 333489.1729 D On February 8, 2019, Sunstone Hotel Investors, Inc. (the "Company") granted 76,869 restricted shares of common stock to the Reporting Person pursuant to its 2004 Long-Term Incentive Plan. Such shares are subject to the satisfaction of vesting requirements over a three-year period. On February 9, 2019, 23,960 restricted shares of common stock of Sunstone Hotel Investors, Inc. (awarded to the Reporting Person on February 9, 2018) vested, and 12,578 shares of common stock of Sunstone Hotel Investors, Inc. were withheld to satisfy tax withholding obligations. The closing price on February 8, 2019 (as February 9, 2019 fell on a weekend) of common stock of Sunstone Hotel Investors, Inc. on the New York Stock Exchange was $14.33 per share. /s/ Bryan A. Giglia 2019-02-12