LA QUINTA CORP 4
4 · LA QUINTA CORP · Filed Jul 27, 2005
Insider Transaction Report
Form 4
Schumm Steven A
Exec. Vice President and CFO
Transactions
- Award
Stock Option (right to buy)
2005-07-25+140,000→ 140,000 totalExercise: $9.57Exp: 2015-07-25→ Paired Shares (140,000 underlying) - Award
Paired Shares
2005-07-25$0.02/sh+50,000$1,000→ 50,000 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 Compensastion Plan. The paired shares fully vest on July 25, 2009.
- [F3]The option vests in four equal installments on July 25, 2006; July 25, 2007; July 25, 2008 and July 25, 2009.