SEC Form 4 · accession 0001209191-18-051862
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
Sep 19, 2018
Accepted (ET)
Sep 21, 2018 · 11:56 am 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 | Sep 19, 2018 | M | 12,494 | $27.03 | A | 139,498 | D | |
| Common Stock | Sep 19, 2018 | M | 6,303 | $36.76 | A | 145,801 | D | |
| Common StockF2 | Sep 19, 2018 | S | 22,684 | $82.12 | D | 123,117 | D | |
| Common Stock | Sep 19, 2018 | M | 4,250 | $36.76 | A | 127,367 | D | |
| Common Stock | Sep 20, 2018 | M | 2,868 | $27.03 | A | 130,235 | D | |
| Common Stock | Sep 20, 2018 | M | 6,709 | $36.76 | A | 136,944 | D | |
| Common StockF3 | Sep 20, 2018 | S | 9,577 | $82.55 | D | 127,367 | D | |
| Common Stock | Sep 21, 2018 | M | 3,089 | $36.76 | A | 130,456 | D | |
| Common StockF4 | Sep 21, 2018 | S | 3,089 | $83.24 | D | 127,367 | 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)F5 | $27.03 | Sep 19, 2018 | M | 12,494 | D | — | Feb 19, 2019 | Common | 12,494 | 2,868 | D |
| Employee Stock Option (right to buy)F6 | $36.76 | Sep 19, 2018 | M | 6,303 | D | — | Feb 8, 2020 | Common | 6,303 | 9,798 | D |
| Employee Stock Option (right to buy)F6 | $36.76 | Sep 19, 2018 | M | 4,250 | D | — | Feb 8, 2020 | Common | 4,250 | 0 | D |
| Employee Stock Option (right to buy)F5 | $27.03 | Sep 20, 2018 | M | 2,868 | D | — | Feb 19, 2019 | Common | 2,868 | 0 | D |
| Employee Stock Option (right to buy)F6 | $36.76 | Sep 20, 2018 | M | 6,709 | D | — | Feb 8, 2020 | Common | 6,709 | 3,089 | D |
| Employee Stock Option (right to buy)F6 | $36.76 | Sep 21, 2018 | M | 3,089 | D | — | Feb 8, 2020 | Common | 3,089 | 0 | D |
Explanation of responses
- F1Sale made pursuant to a 10b5-1 trading plan.
- F2Average price reflects a series of transactions between $82.00 and $82.35.
- F3Average price reflects a series of transactions between $82.00 and $83.15.
- F4Average price reflects a series of transactions between $83.05 and $83.45.
- F5Options vested in four annual installments beginning on the first anniversary of the February 19, 2012 grant date.
- F6Options vested in four annual installments beginning on the first anniversary of the February 8, 2013 grant date.