SEC Form 4 · accession 0001209191-16-147778
CHOICE HOTELS INTERNATIONAL INC /DE · CHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Pepper
Officer — Chief Development Officer
Period of report
Nov 1, 2016
Accepted (ET)
Nov 2, 2016 · 11:40 am 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 | Nov 1, 2016 | M | 29,879 | $24.75 | A | 89,002 | D | |
| Common StockF1 | Nov 1, 2016 | S | 29,879 | $47.62 | D | 59,123 | D | |
| Common Stock | Nov 1, 2016 | M | 2,966 | $24.75 | A | 62,089 | 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)F2 | $24.75 | Nov 1, 2016 | M | 29,879 | D | — | Feb 14, 2017 | Common Stock | 29,879 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $24.75 | Nov 1, 2016 | M | 2,966 | D | — | Feb 14, 2017 | Common Stock | 2,966 | 0 | D |
Explanation of responses
- F1Average price reflects a series of transactions between $47.50 and $47.75.
- F2Options vested in four annual installments beginning on the first anniversary of the February 14, 2010 grant date.