STARWOOD HOTELS&RESORTS WRLD

CUSIP: 85590A401 Class: COM

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016
Shares 4,650 Value ($000) $388 Avg Close — Range —
Q4 2015
Shares 4,650 Value ($000) $322 Avg Close — Range —