SEC Form 4 · accession 0001209191-16-149548
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
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 9:22 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 | Nov 10, 2016 | M | 7,999 | $24.75 | A | 166,748 | D | |
| Common StockF2 | Nov 10, 2016 | S | 7,999 | $50.10 | D | 158,749 | 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 OptionF3 | $24.75 | Nov 10, 2016 | M | 7,999 | D | — | Feb 15, 2017 | Common Stock | 7,999 | 88,436 | 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 $50.00 and $50.40.
- F3Options vested in four annual installments beginning on the first anniversary of the February 15, 2010 grant date.