SEC Form 4 · accession 0001209191-16-143120
CHOICE HOTELS INTERNATIONAL INC /DE · CHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen P Joyce
Officer — Chief Executive Officer
Period of report
Sep 27, 2016
Accepted (ET)
Sep 29, 2016 · 1:26 pm 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 | Sep 27, 2016 | M | 25,839 | $24.75 | A | 180,548 | D | |
| Common StockF2 | Sep 27, 2016 | S | 25,839 | $45.15 | D | 154,709 | D | |
| Common Stock | Sep 28, 2016 | M | 6,161 | $24.75 | A | 160,870 | D | |
| Common StockF3 | Sep 28, 2016 | S | 6,161 | $44.83 | D | 154,709 | 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 | $24.75 | Sep 27, 2016 | M | 25,839 | D | — | Feb 15, 2017 | Common Stock | 25,839 | 102,167 | D |
| Employee Stock Option (right to buy)F4 | $24.75 | Sep 28, 2016 | M | 6,161 | D | — | Feb 15, 2017 | Common Stock | 6,161 | 96,006 | 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 $44.97 and $45.66.
- F3Average price reflects a series of transactions between $44.63 and $45.05.
- F4Options vested in four annual installments beginning on the first anniversary of the February 15, 2010 grant date.