SEC Form 4 · accession 0001209191-16-088210
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
Jan 4, 2016
Accepted (ET)
Jan 5, 2016 · 11:02 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 | Jan 4, 2016 | M | 33,223 | $20.41 | A | 173,787 | D | |
| Common StockF2 | Jan 4, 2016 | S | 33,223 | $49.25 | D | 140,564 | 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 | Jan 4, 2016 | M | 33,223 | D | — | Feb 8, 2016 | Common Stock | 33,223 | 57,137 | 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 $48.69 and $49.47.
- F3Options vested in four annual installments beginning on the first anniversary of the February 8, 2009 grant date.