Bruce Bainum - Aug 10, 2021 Form 4 Insider Report for CHOICE HOTELS INTERNATIONAL INC /DE (CHH)

Role
10%+ Owner
Signature
Christine A. Shreve, POA
Stock symbol
CHH
Transactions as of
Aug 10, 2021
Transactions value $
$26,567,702
Form type
4
Date filed
8/12/2021, 10:45 AM
Next filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHH Common Stock Other $26.6M +220K +15% $120.68 1.69M Aug 10, 2021 See Footnote F1
holding CHH Common Stock 131K Aug 10, 2021 See Footnote F2
holding CHH Common Stock 922K Aug 10, 2021 See Footnote F3
holding CHH Common Stock 199K Aug 10, 2021 See Footnote F4
holding CHH Common Stock 2.03K Aug 10, 2021 See Footnote F5
holding CHH Common Stock 833K Aug 10, 2021 See Footnote F6
holding CHH Common Stock 6.6K Aug 10, 2021 See Footnote F7
holding CHH Common Stock 325K Aug 10, 2021 See Footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned by the Bruce Bainum Declaration of Trust ("Bruce Trust") for which Dr. Bainum is the sole trustee and current beneficiary. Shares owned by trusts for the benefit of Dr. Bainum's descendants were transferred to Dr. Bainum in satisfaction of amounts due to him from the trusts.
F2 The proportionate interest of the Bruce Trust in shares (978,482) owned by Mid Pines Associates, L.P. ("Mid Pines") an entity in which the Bruce Trust has shared voting authority.
F3 The proportionate interest of the Bruce Trust in shares (6,821,574) owned by Realty Investment Co. Inc., ("Realty") an investment company in which Dr. Bainum is a noncontrolling shareholder and shares voting authority. Realty owns Choice stock as well as other assets.
F4 The proportionate interest in shares owned by Realty (6,821,574) of individual trusts for the benefit of Dr. Bainum's adult children for which Dr. Bainum is the trustee. Beneficial ownership is disclaimed.
F5 The proportionate interest in shares owned by Mid Pines (978,482) of individual trusts for the benefit of Dr. Bainum's adult children for which Dr. Bainum is the trustee. Beneficial ownership is disclaimed.
F6 The proportionate interest of Dr. Bainum and the Bruce Trust, in shares owned by Posadas Holdings, LLC, ("Posadas") a family investment entity in which Dr. Bainum shares voting authority.
F7 Shares owned by a trust for the benefit of Dr. Bainum's descendants for which Dr. Bainum is the trustee. Beneficial ownership is disclaimed.
F8 Shares owned by a Grantor Retained Annuity Trust for the benefit of Dr. Bainum and his descendants.