SEC Form 4 · accession 0001209191-19-014436
CHOICE HOTELS INTERNATIONAL INC /DE · CHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Pepper
Officer — Chief Development Officer
Period of report
Feb 22, 2019
Accepted (ET)
Feb 28, 2019 · 3:58 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 | Feb 22, 2019 | A | 2,619 | $0.00 | A | 90,483 | D | |
| Common Stock | Feb 26, 2019 | M | 7,655 | $36.76 | A | 98,138 | D | |
| Common StockF1 | Feb 26, 2019 | S | 7,655 | $79.76 | D | 90,483 | D | |
| Common Stock | Feb 26, 2019 | M | 3,468 | $36.76 | A | 93,951 | D | |
| Common Stock | Feb 26, 2019 | F | 418 | $79.23 | D | 93,533 | D | |
| Common Stock | Feb 26, 2019 | A | 3,630 | $0.00 | A | 97,163 | D | |
| Common Stock | Feb 26, 2019 | F | 1,756 | $79.23 | D | 95,407 | D | |
| Common Stock | Feb 27, 2019 | F | 239 | $79.88 | D | 95,168 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee StockF2 | $81.15 | Feb 22, 2019 | A | 13,416 | A | — | Feb 22, 2026 | Common Stock | 13,416 | 13,416 | D |
| Employee Stock Option (Right to Buy)F3 | $36.76 | Feb 26, 2019 | M | 7,655 | D | — | Feb 8, 2020 | Common Stock | 7,655 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $36.76 | Feb 26, 2019 | M | 3,468 | D | — | Feb 8, 2020 | Common Stock | 3,468 | 0 | D |
Explanation of responses
- F1Average price reflects a series of transactions between $79.43 and $79.87.
- F2Options vest in four annual installments beginning on the first anniversary of the grant date.
- F3Options vest in four annual installments beginning on the first anniversary of the February 8, 2013 grant date.