SEC Form 4 · accession 0001209191-17-044743
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
Jul 10, 2017
Accepted (ET)
Jul 11, 2017 · 2:12 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 | Jul 10, 2017 | M | 36,616 | $31.31 | A | 201,922 | D | |
| Common StockF2 | Jul 10, 2017 | S | 36,616 | $62.88 | D | 165,306 | D | |
| Common Stock | Jul 10, 2017 | M | 3,193 | $31.31 | A | 168,499 | D | |
| Common Stock | Jul 10, 2017 | M | 3,700 | $27.03 | A | 172,199 | D | |
| Common Stock | Jul 10, 2017 | M | 2,720 | $36.76 | A | 174,919 | D | |
| Common StockF2 | Jul 10, 2017 | S | 7,500 | $62.88 | D | 167,419 | 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 | $31.31 | Jul 10, 2017 | M | 36,616 | D | — | Feb 21, 2018 | Common Stock | 36,616 | 3,193 | D |
| Employee Stock OptionF3 | $31.31 | Jul 10, 2017 | M | 3,193 | D | — | Feb 21, 2018 | Common Stock | 9,263 | 0 | D |
| Employee Stock OptionF4 | $27.03 | Jul 10, 2017 | M | 3,700 | D | — | Feb 19, 2019 | Common Stock | 10,234 | 0 | D |
| Employee Stock OptionF5 | $36.76 | Jul 10, 2017 | M | 2,720 | D | — | Feb 8, 2020 | Common Stock | 2,720 | 0 | D |
Explanation of responses
- F1Sold pursuant to a 10b5-1 trading plan.
- F2Average price reflects a series of transactions between $62.60 and $63.30.
- F3Options vested in four annual installments beginning on the first anniversary of the February 21, 2011 grant date.
- F4Options vested in four annual installments beginning on the first anniversary of the February 19, 2012 grant date.
- F5Options vested in four annual installments beginning on the first anniversary of the February 8, 2013 grant date.