SEC Form 4 · accession 0001209191-15-043047
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
May 13, 2015
Accepted (ET)
May 15, 2015 · 9:15 am EDT
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 | May 13, 2015 | M | 3,129 | $20.41 | A | 141,229 | D | |
| Common StockF2 | May 13, 2015 | S | 3,129 | $58.07 | D | 138,100 | 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)F3 | $20.41 | May 13, 2015 | M | 3,129 | D | — | Feb 8, 2016 | Common Stock | 3,129 | 144,891 | 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 March 12, 2015.
- F2Average price reflects a series of transactions between $58.00 and $58.25.
- F3Options vested in four annual installments beginning on the first anniversary of the February 8, 2009 grant date.