SCHRIBER RUFUS K 4
4 · LA QUINTA PROPERTIES INC · Filed Dec 13, 2004
Insider Transaction Report
Form 4
SCHRIBER RUFUS K
EVP - Marketing Officer
Transactions
- Sale
Paired Shares
2004-12-09$8.50/sh−50,000$425,000→ 100,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2004-12-09$8.50/sh−50,000$425,000→ 150,000 totalExercise: $3.79Exp: 2013-02-12→ Paired Shares (50,000 underlying) - Exercise/Conversion
Paired Shares
2004-12-09$3.79/sh+50,000$189,500→ 150,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2004-12-09$8.50/sh−25,000$212,500→ 75,000 totalExercise: $4.95Exp: 2012-11-01→ Paired Shares (25,000 underlying) - Sale
Paired Shares
2004-12-09$8.50/sh−25,000$212,500→ 100,000 total - Exercise/Conversion
Paired Shares
2004-12-09$4.95/sh+25,000$123,750→ 125,000 total
Footnotes (4)
- [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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2004.
- [F3]The options vest in 4 equal installments of 25,000 shares each on the anniversary date of the grant beginning on November 1, 2003, and will vest fully on November 2, 2006.
- [F4]The options vest in 4 equal installments of 50,000 shares each on the annivesary date of the grant beginning on February 21, 2004, and will fully vest on February 21, 2007.