CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

BLAIR WILLIAM & CO/IL's Holding History (CIK: 0000902367)

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

Q1 2016

Shares 11,041 Value ($000) $597 Avg Close $43.60 Range $37.03 - $49.46

Q4 2015

Shares 64,226 Value ($000) $3,238 Avg Close $46.23 Range $42.43 - $49.44

Q3 2015

Shares 146,394 Value ($000) $6,976 Avg Close $46.12 Range $40.72 - $50.39

Q2 2015

Shares 1,547,197 Value ($000) $83,935 Avg Close $52.59 Range $48.39 - $57.80

Q1 2015

Shares 1,192,411 Value ($000) $76,398 Avg Close $54.45 Range $47.53 - $58.44

Q4 2014

Shares 1,146,722 Value ($000) $64,239 Avg Close $47.92 Range $42.26 - $51.63

Q3 2014

Shares 852,480 Value ($000) $44,329 Avg Close $44.87 Range $41.13 - $48.72

Q2 2014

Shares 117,722 Value ($000) $5,546 Avg Close $39.87 Range $38.43 - $41.99

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	11,041	$597	$43.60	$37.03 - $49.46
Q4 2015	64,226	$3,238	$46.23	$42.43 - $49.44
Q3 2015	146,394	$6,976	$46.12	$40.72 - $50.39
Q2 2015	1,547,197	$83,935	$52.59	$48.39 - $57.80
Q1 2015	1,192,411	$76,398	$54.45	$47.53 - $58.44
Q4 2014	1,146,722	$64,239	$47.92	$42.26 - $51.63
Q3 2014	852,480	$44,329	$44.87	$41.13 - $48.72
Q2 2014	117,722	$5,546	$39.87	$38.43 - $41.99