SEC Form 4 · accession 0001209191-16-148814
CHOICE HOTELS INTERNATIONAL INC /DE · CHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Pacious
Officer — President & COO
Period of report
Nov 7, 2016
Accepted (ET)
Nov 8, 2016 · 1:22 pm 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 7, 2016 | M | 9,508 | $24.75 | A | 122,570 | D | |
| Common StockF2 | Nov 7, 2016 | S | 9,508 | $49.10 | D | 113,062 | D | |
| Common Stock | Nov 7, 2016 | M | 4,489 | $24.75 | A | 117,551 | D | |
| Common StockF2 | Nov 7, 2016 | S | 4,489 | $49.10 | D | 113,062 | D | |
| Common Stock | Nov 7, 2016 | M | 3,722 | $24.75 | A | 116,784 | 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 | $24.75 | Nov 7, 2016 | M | 9,508 | A | — | Feb 14, 2017 | Common | 9,508 | 15,126 | D |
| Employee Stock Option (right to buy)F3 | $24.75 | Nov 7, 2016 | M | 4,489 | A | — | Feb 14, 2017 | Common | 4,489 | 0 | D |
| Employee Stock Option (right to buy)F3 | $24.75 | Nov 7, 2016 | M | 3,722 | A | — | Feb 14, 2017 | Common | 3,722 | 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 $49.00 and $49.25.
- F3Options vested in four annual installments beginning on the first anniversary of the February 14, 2010 grant date.