NOVAK A JOHN 4
4 · LA QUINTA PROPERTIES INC · Filed Aug 20, 2003
Insider Transaction Report
Form 4
NOVAK A JOHN
VP - Information Systems
Transactions
- Exercise/Conversion
Paired Shares
2003-08-19$2.56/sh+25,000$64,063→ 185,000 total - Exercise/Conversion
Stock option (right to buy)
2003-08-19$2.56/sh+25,000$64,063→ 50,000 totalExercise: $2.56Exp: 2010-12-29→ Paired Shares (75,000 underlying) - Sale
Paired Shares
2003-08-19$5.30/sh−25,000$132,500→ 160,000 total
Footnotes (2)
- [F1]Paired Shares consist of one share of common stock, par value of $0.01 per share, of La Quinta Corporation and one share of Class B common stock, par value of $0.01 per share, of La Quinta Properties, Inc., which are paired and traded as a single unit.
- [F2]The reporting person was originally granted an option to purchase 100,000 Paired Shares on December 29, 2000. One-fourth of the options to purchase 100,000 Paired Shares vests on each anniversary of the grant date.