LA QUINTA CORP 4
4 · LA QUINTA CORP · Filed Aug 30, 2005
Insider Transaction Report
Form 4
NOVAK A JOHN
SVP Chief Information Officer
Transactions
- Exercise/Conversion
Paired Shares
2005-08-29$2.56/sh+50,000$128,125→ 151,500 total - Exercise/Conversion
Stock Option (right to buy)
2005-08-29−50,000→ 0 totalExercise: $2.56Exp: 2010-12-29→ Paired Shares (50,000 underlying) - Sale
Paired Shares
2005-08-29$8.22/sh−50,000$411,000→ 101,500 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]The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 Sales Plan adopted by the Reporting Person on August 19, 2005.
- [F3]The option vested in four equal installments on December 29, 2001, 2002, 2003, and 2004.