SEC Form 4 · accession 0001209191-16-095119
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
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 9:35 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 | Feb 1, 2016 | M | 45,089 | $20.41 | A | 185,653 | D | |
| Common StockF2 | Feb 1, 2016 | S | 45,089 | $43.08 | D | 140,564 | D | |
| Common Stock | Feb 2, 2016 | M | 91 | $20.41 | A | 140,655 | D | |
| Common Stock | Feb 2, 2016 | S | 91 | $43.04 | 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 | Feb 1, 2016 | M | 45,089 | D | — | Feb 8, 2016 | Common Stock | 45,089 | 91 | D |
| Employee Stock Option (right to buy)F3 | $20.41 | Feb 2, 2016 | M | 91 | D | — | Feb 8, 2016 | Common Stock | 91 | 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 March 12, 2015.
- F2Average price reflects a series of transactions between $42.52 and $43.68.
- F3Options vested in four annual installments beginning on the first anniversary of the February 8, 2009 grant date.