MICHEL SANDRA K 4
4 · LA QUINTA CORP · Filed May 31, 2005
Insider Transaction Report
Form 4
MICHEL SANDRA K
SVP - General Counsel
Transactions
- Award
Stock Option (right to buy)
2005-05-26+42,000→ 42,000 totalExercise: $8.72Exp: 2015-05-26→ Paired Shares (42,000 underlying) - Award
Paired Shares
2005-05-26$0.02/sh+16,500$330→ 126,500 total
Footnotes (3)
- [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 trade as a single unit.
- [F2]Granted under the La Quinta Corporation 2005 Incentive Compensation Plan. The paired shares fully vest on May 26, 2009.
- [F3]The option vests in four equal installments on May 26, 2006; May 26, 2007; May 26, 2008 and May 26, 2009.