SEC Form 4 · accession 0001209191-17-065804
CHOICE HOTELS INTERNATIONAL INC /DE · CHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Pacious
Officer — President & CEO
Period of report
Nov 17, 2017
Accepted (ET)
Dec 15, 2017 · 10:27 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 17, 2017 | M | 11,149 | $31.31 | A | 124,073 | D | |
| Common StockF2 | Nov 17, 2017 | S | 11,149 | $75.78 | D | 112,924 | D | |
| Common Stock | Dec 13, 2017 | M | 4,763 | $31.31 | A | 117,687 | 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 | $31.31 | Nov 17, 2017 | M | 11,149 | D | — | Feb 21, 2018 | Common | 11,149 | 4,763 | D |
| Employee Stock Option (right to buy)F3 | $31.31 | Dec 13, 2017 | M | 4,763 | D | — | Feb 21, 2018 | Common | 4,783 | 0 | D |
Explanation of responses
- F1This sale was pursuant to a 10b5-1 trading plan.
- F2Average price reflects a series of transactions between $75.30 and $76.15.
- F3Options vested in four annual installments beginning on the first anniversary of the February 21, 2011 grant date.