SEC Form 4 · accession 0001209191-15-023346
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 4, 2015
Accepted (ET)
Mar 6, 2015 · 12:57 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 4, 2015 | M | 12,461 | $26.55 | A | 152,741 | D | |
| Common StockF2 | Mar 4, 2015 | S | 12,461 | $62.68 | D | 140,280 | D | |
| Common Stock | Mar 4, 2015 | M | 9,263 | $26.55 | A | 149,543 | D | |
| Common StockF3 | Mar 4, 2015 | S | 9,263 | $63.24 | D | 140,280 | D | |
| Common Stock | Mar 5, 2015 | M | 10,234 | $26.55 | A | 150,514 | D | |
| Common StockF4 | Mar 5, 2015 | S | 10,234 | $63.20 | 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 OptionF5 | $26.55 | Mar 4, 2015 | M | 12,461 | D | — | May 1, 2015 | Common Stock | 12,461 | 19,497 | D |
| Employee Stock OptionF5 | $26.55 | Mar 4, 2015 | M | 9,263 | D | — | May 1, 2015 | Common Stock | 9,263 | 10,234 | D |
| Employee Stock OptionF5 | $26.55 | Mar 5, 2015 | M | 10,234 | D | — | May 1, 2015 | Common Stock | 10,234 | 0 | 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 $62.08 and $63.07.
- F3Average price reflects a series of transactions between $63.08 and $63.40.
- F4Average price reflects a series of transactions between $62.91 and $63.44.
- F5Options vested in four annual installments beginning on the first anniversary of the May 1, 2008 grant date.