SEC Form 4 · accession 0001209191-15-080158
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 12, 2015
Accepted (ET)
Nov 16, 2015 · 9:37 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 12, 2015 | M | 10,080 | $20.41 | A | 154,314 | D | |
| Common StockF2 | Nov 12, 2015 | S | 10,080 | $52.90 | D | 144,234 | D | |
| Common Stock | Nov 13, 2015 | M | 611 | $20.41 | A | 144,845 | D | |
| Common StockF3 | Nov 13, 2015 | S | 611 | $52.15 | 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 12, 2015 | M | 10,080 | D | — | Feb 8, 2016 | Common Stock | 10,080 | 90,971 | D |
| Employee Stock Option (right to buy)F4 | $20.41 | Nov 13, 2015 | M | 611 | D | — | Feb 8, 2016 | Common Stock | 611 | 90,360 | 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 $52.69 and $53.26.
- F3Average price reflects a series of transactions between $52.01 and $52.32.
- F4Options vested in four annual installments beginning on the first anniversary of the February 8, 2009 grant date.