SEC Form 4 · accession 0001209191-15-022153
CHOICE HOTELS INTERNATIONAL INC /DE · CHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen P Joyce
Officer — President & CEO
Period of report
Mar 3, 2015
Accepted (ET)
Mar 4, 2015 · 3:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001046311
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 3, 2015 | M | 23,511 | $26.55 | A | 163,791 | D | |
| Common StockF2 | Mar 3, 2015 | S | 23,511 | $63.56 | D | 140,280 | D | |
| Common Stock | Mar 3, 2015 | M | 1,745 | $26.55 | A | 142,025 | D | |
| Common StockF3 | Mar 3, 2015 | S | 1,745 | $63.17 | D | 140,280 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $26.55 | Mar 3, 2015 | M | 23,511 | D | — | May 1, 2015 | Common Stock | 23,511 | 33,703 | D |
| Employee Stock OptuionF4 | $26.55 | Mar 3, 2015 | M | 1,745 | D | — | May 1, 2015 | Common Stock | 1,745 | 31,958 | D |
Explanation of responses
- F1The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 1, 2014.
- F2Average price reflects a series of transactions between $62.06 and $63.05.
- F3Average price reflects a series of transactions between $63.06 and $63.71.
- F4Options vested in four annual installments beginning on the May 1, 2008 grant date.