CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 9,300 Value ($000) $521 Avg Close $46.12 Range $40.20 - $52.79

Q2 2014

Shares 27,202 Value ($000) $1,281 Avg Close $39.87 Range $38.43 - $41.99

Q1 2014

Shares 175,000 Value ($000) $8,051 Avg Close $42.50 Range $38.84 - $44.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	9,300	$521	$46.12	$40.20 - $52.79
Q2 2014	27,202	$1,281	$39.87	$38.43 - $41.99
Q1 2014	175,000	$8,051	$42.50	$38.84 - $44.40