SEC Form 4 · accession 0001209191-15-079548
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
Nov 10, 2015
Accepted (ET)
Nov 12, 2015 · 10:49 am 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 | Nov 10, 2015 | M | 10,811 | $20.41 | A | 155,045 | D | |
| Common StockF2 | Nov 10, 2015 | S | 10,811 | $53.19 | D | 144,234 | D | |
| Common Stock | Nov 11, 2015 | M | 8,617 | $20.41 | A | 152,851 | D | |
| Common StockF3 | Nov 11, 2015 | S | 8,617 | $53.43 | D | 144,234 | 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 | $20.41 | Nov 10, 2015 | M | 10,811 | D | — | Feb 8, 2016 | Common Stock | 10,811 | 109,668 | D |
| Employee Stock Option (right to buy)F4 | $20.41 | Nov 11, 2015 | M | 8,617 | D | — | Feb 8, 2016 | Common Stock | 8,617 | 101,051 | 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 $52.67 and $53.71.
- F3Average price reflects a series of transactions between $53.20 and $53.75.
- F4Options vested in four annual installments beginning on the first anniversary of the February 8, 2009 grant date.