X0306 4 2015-11-27 0 0001342126 Morgans Hotel Group Co. MHGC 0001440457 Olshan Michael E C/O MORGANS HOTEL GROUP CO. 475 TENTH AVENUE NEW YORK NY 10018 1 0 1 0 Common Stock 2015-11-27 4 A 0 16387 0.00 A 16387 D Common Stock 4500000 I See footnote Represents restricted stock units issued to the reporting person as an annual retainer fee pursuant to the Company's Director Compensation Policy, which has previously been approved by the Company's Board of Directors. The restricted stock units are subject to the terms and conditions of the Morgans Hotel Group Co. Amended and Restated 2007 Omnibus Incentive Plan, as amended, and vest on May 13, 2016, unless, in certain circumstances, the reporting person departs the Company prior to such date, in which case the restricted stock units will vest pro rata on the date of such departure. OTK Associates, LLC ("OTK") is the beneficial owner of 4,500,000 shares of common stock in Morgans Hotel Group Co. Mr. Olshan, who is a manager of OTK, has shared voting and dispositive power over such reported securities. Mr. Olshan disclaims beneficial ownership of the 4,500,000 shares of common stock beneficially owned by OTK, except to the extent of his pecuniary interest therein. Exhibit List Exhibit 24 - Power of Attorney /s/ Richard Szymanski 2015-12-01