SEC Form 4 · accession 0001209191-16-153836
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
Dec 5, 2016
Accepted (ET)
Dec 7, 2016 · 2:36 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 | Dec 5, 2016 | M | 4 | $24.75 | A | 158,753 | D | |
| Common Stock | Dec 5, 2016 | S | 4 | $53.00 | D | 158,749 | D | |
| Common Stock | Dec 6, 2016 | M | 31,996 | $24.75 | A | 190,745 | D | |
| Common StockF2 | Dec 6, 2016 | S | 31,996 | $53.23 | 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 | Dec 5, 2016 | M | 4 | D | — | Feb 15, 2017 | Common Stock | 158,753 | 64,002 | D |
| Employee StockF3 | $24.75 | Dec 6, 2016 | M | 31,996 | D | — | Feb 15, 2017 | Common Stock | 190,745 | 32,006 | 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 $53.00 and $53.55.
- F3Options vested in four annual installments beginning on the first anniversary of the February 15, 2010 grant date.