0001181431-14-032291.txt : 20140918
0001181431-14-032291.hdr.sgml : 20140918
20140918162937
ACCESSION NUMBER: 0001181431-14-032291
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140917
FILED AS OF DATE: 20140918
DATE AS OF CHANGE: 20140918
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC /DE
CENTRAL INDEX KEY: 0001046311
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 521209792
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1 CHOICE HOTELS CIRCLE
STREET 2: SUITE 400
CITY: ROCKVILLE
STATE: MD
ZIP: 20850
BUSINESS PHONE: 3015925181
MAIL ADDRESS:
STREET 1: 1 CHOICE HOTELS CIRCLE
STREET 2: SUITE 400
CITY: ROCKVILLE
STATE: MD
ZIP: 20850
FORMER COMPANY:
FORMER CONFORMED NAME: CHOICE HOTELS FRANCHISING INC
DATE OF NAME CHANGE: 19971118
FORMER COMPANY:
FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC/
DATE OF NAME CHANGE: 19971022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Renschler Scott Arnold
CENTRAL INDEX KEY: 0001427127
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13393
FILM NUMBER: 141110320
MAIL ADDRESS:
STREET 1: 8171 MAPLE LAWN BOULEVARD
STREET 2: SUITE 375
CITY: FULTON
STATE: MD
ZIP: 20759
4
1
rrd415715.xml
X0306
4
2014-09-17
0
0001046311
CHOICE HOTELS INTERNATIONAL INC /DE
CHH
0001427127
Renschler Scott Arnold
8171 MAPLE LAWN BLVD
SUITE 375
FULTON
MD
20759
1
0
0
0
Common Stock
2014-09-17
2014-09-17
4
X
0
45000
51.78
A
45000
D
Common Stock
2014-09-17
2014-09-17
4
D
0
22500
51.78
D
0
D
Common Stock
199228
I
See Footnote
Common Stock
573896
I
See Footnote
Common Stock
14510
I
See Footnote
Common Stock
3678
I
See Footnote
Common Stock
26953
D
Option
51.78
2014-09-17
2014-09-17
5
G
0
45000
0
A
2014-09-17
2014-10-03
Common Stock
45000
45000
D
Option
51.78
2014-09-17
2014-09-17
4
X
0
45000
0
D
2014-09-17
2014-10-03
Common Stock
45000
0
D
Shares owned by the Scott Renschler Declaration of Trust ("Scott Trust") in which Dr. Renschler is the sole trustee and current beneficiary. Shares remaining after exercise and sales described in Notes 6 and 7 were contributed to the Scott Trust.
The proportionate interest of the Scott Trust in shares (6,821,574) owned by Realty Investment Company, Inc. ("Realty") a real estate investment and management company in which Dr. Renschler is a non-controlling shareholder.
Shares owned by various trusts, the beneficiaries of which are Dr. Renschler's two minor children.
The proportionate interest of various trusts, the beneficiaries of which are Dr. Renschler's two minor children in shares (978,482) owned by MidPines Associates, L.P. ("MidPines").
Dr. Renschler's interest in the Non-Employee Director Compensation Plan of the Issuer.
Dr. Renschler's Mother, Barbara Bainum, & her siblings, Bruce Bainum, Stewart Bainum, Jr. & Roberta Bainum ("Siblings") received an option that terminates on Nov 12, 2014 to acquire up to 2,667,853 shares of the Issuer at fair market value from the Stewart Bainum Declaration of Trust, a trust whose beneficiary is the estate of their Father. The option is exercisable for 60 days after obtaining probate court approval. The exercise price of the option is dependent on knowing the date of the exercise. On Jun 13, 2014, the Siblings entered into an agreement giving Barbara the right to acquire up to 666,963 of the optioned shares. On Jun 16, 2014, Barbara Bainum entered into an agreement assigning the option to acquire up to 45,000 shares of her designated shares to Dr. Renschler. Probate court approval for the exercise of 45,000 shares was obtained on Aug 5, 2014 thus the option is exercisable thru Oct 3, 2014.
On September 17, 2014, the Reporting Person exercised his option to acquire 45,000 shares. On the same day, the Reporting Person sold 22,500 of the shares acquired to the Issuer in a private transaction approved by the Board of Directors of the Issuer at an exercise price determined at such time, which is based on the previous day's average of the high/low of the stock price.
Christine A. Shreve, Attorney-in-fact
2014-09-18