CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

HOWE & RUSLING INC's Holding History (CIK: 0000769963)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014

Shares 616 Value ($000) $28 Avg Close $42.50 Range $38.84 - $44.40

Q3 2013

Shares 679 Value ($000) $29 Avg Close $36.23 Range $33.18 - $38.51

Q2 2013

Shares 679 Value ($000) $27 Avg Close $35.84 Range $33.34 - $40.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	616	$28	$42.50	$38.84 - $44.40
Q3 2013	679	$29	$36.23	$33.18 - $38.51
Q2 2013	679	$27	$35.84	$33.34 - $40.00