UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Bainum, Jr., Stewart
11555 Darnestown Road
Gaithersburg, MD 20878
2. Issuer Name and Ticker or Trading Symbol
Sunburst Hospitality Corporation
SNB
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
12/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock |- - |- - |- - |- -|- - |183,051 |I |Note 1 |
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" " |- - |- - |- - |- -|- - |45,656 |I |Note 2 |
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" " |- - |- - |- - |- -|- - |68,347 |I |Note 3 |
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" " |- - |- - |- - |- -|- - |2,256 |I |Note 4 |
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" " |- - |- - |- - |- -|- - |407,219 |I |Note 5 |
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" " |- - |- - |- - |- -|- - |302,571 |I |Note 6 |
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" " |- - |- - |- - |- -|- - |283,890 |I |Note 7 |
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" " |- - |- - |- - |- -|- - |22,183 |I |Note 8 |
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" " |- - |- - |- - |- -|- - |369,317 |I |Note 9 |
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" " |- - |- - |- - |- -|- - |274,409 |I |Note 10 |
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" " |- - |- - |- - |- -|- - |233,405 |I |Note 11 |
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" " |- - |- - |- - |- -|- - |73,341 |I |Note 12 |
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" " |- - |- - |- - |- -|- - |177,561 |i |Note 13 |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock Option (Rig|$3.4697 |10/15|D(14|105,000 |D | |11/2/|Common Stock|105,000| | |D | |
ht to Buy) | |/97 |) | | | |98 | | | | | | |
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" |$1.7192 |10/15|A(15|35,000 |A |Note |11/2/|" "|35,000 | | |D | |
" | |/97 |) | | |16 |98 | | | | | | |
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" |$3.1640 |10/15|D(14|75,000 |D | |11/2/|" "|75,000 | | |D | |
" | |/97 |) | | | |99 | | | | | | |
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" |$1.5677 |10/15|A(15|22,500 |A |Note |11/2/|" "|22,500 | | |D | |
" | |/97 |) | | |17 |99 | | | | | | |
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" |$3.6066 |10/15|D(14|45,000 |D | |10/23|" "|45,000 | | |D | |
" | |/97 |) | | | |/00 | | | | | | |
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" |$1.7871 |10/15|A(15|12,002 |A |Note |10/23|" "|12,002 | | |D | |
" | |/97 |) | | |18 |/00 | | | | | | |
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" |$4.7375 |10/15|D(14|45,000 |D | |10/31|" "|45,000 | | |D | |
" | |/97 |) | | | |/01 | | | | | | |
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" |$2.3474 |10/15|A(15|10,500 |A |Note |10/31|" "|10,500 | | |D | |
" | |/97 |) | | |19 |/01 | | | | | | |
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" |$7.7242 |10/15|D(14|30,000 |D | |10/21|" "|30,000 | | |D | |
" | |/97 |) | | | |/02 | | | | | | |
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" |$3.8273 |10/15|A(15|6,500 |A |Note |10/21|" "|6,500 | | |D | |
" | |/97 |) | | |20 |/02 | | | | | | |
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" |$8.2744 |10/15|D(14|40,000 |D | |12/6/|" "|40,000 | | |D | |
" | |/97 |) | | | |03 | | | | | | |
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" |$4.0999 |10/15|A(15|8,001 |A |Note |12/6/|" "|8,001 | | |D | |
" | |/97 |) | | |21 |03 | | | | | | |
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" |$4.1168 |10/15|D(14|60,000 |D | |6/21/|" "|60,000 | | |D | |
" | |/97 |) | | | |05 | | | | | | |
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" |$5.5083 |10/15|A(15|14,000 |A |Note |6/21/|" "|14,000 | | |D | |
" | |/97 |) | | |22 |05 | | | | | | |
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" |$14.5095|10/15|D(14|60,000 |D | |7/1/0|" "|60,000 | | |D | |
" | |/97 |) | | | |6 | | | | | | |
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" |$7.1891 |10/15|A(15|12,002 |A |Note |7/1/0|" "|12,002 | | |D | |
" | |/97 |) | | |23 |6 | | | | | | |
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Explanation of Responses:
Note 1: Shares held by the Stewart Banum, Declaration of Trust dated March 13,
1996 (the "Stewart Bainum, Jr.
Trust"), the sole trustee and beneficiary of which is Mr. Bainum,
Jr.
Note 2: The proportionate interest of the Stewart Bainum, Jr. Trust in shares
owned by Mid Pines Associates,
L.P.
Note 3: The proportionate interest of the Stewart Bainum, Jr. Grantor Retained
Annuity Trust dated September 10,
1996, the sole trustee of which is Mr. Bainum, Jr. in shares in Mid Pines
Associates, L.P.
Note 4: The proportionate interest of various trusts, the beneficiaries of
which are Mr. Bainum, Jr.'s two minor
children in shares in Mid Pines Associates,
L.P.
Note 5: The proportionate interest in shares owned by Bainum Associates
Limited Partnership. Mr. Bainum, Jr. is
the Managing General Partner and has the sole right to dispose of such
shares.
Note 6: The proportionate interest in shares owned by MC Investments Limited
Partnership. Mr. Bainum, Jr. is the
Managing General Partner and has the sole right to dispose of such
shares.
Note 7: The proportionate interest of the Stewart Bainum, Jr. Trust in shares
owned by Realty Investment
Company, Inc., a real estate investment and management company in which Mr.
Bainum, Jr. owns indirectly 23.8%
of the outstanding common stock. Mr. Bainum, Jr.'s Trust has shared voting and
dispositive control of such
shares. Also includes 42,864 shares indirectly held through certain trusts for
the benefit of Mr. Bainum, Jr.'s two
minor
children.
Note 8: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares owned by Mid Pines
Associates, L.P. Mr. Bainum, Jr. is a co-trustee and his sister is the
beneficiary.
Note 9: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares owned by Bainum Associates
Limited Partnership. Mr. Bainum, Jr. is a co-trustee and his sister is the
beneficiary.
Note 10: The proportionate interest of the Roberta Froom Irrevoable Trust in
shares owned by MC Investments
Limited Partnership. mr. Bainum, Jr. is a co-trustee and his sister is the
beneficiary.
Note 11: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares owned by Realty Investment
Company, Inc. Mr. Bainum, Jr. is a co-trustee and his nephews are the
beneficiaries.
Note 12: The proportionate interest of certain trusts in shares of Mid Pines
Associates, L.P. for the benefit of Mr.
Bainum, Jr.'s nephews. Mr. Bainum is the trustee and his nephews are the
beneficiaries.
Note 13: The proportionate interest in shares of Realty Investment Company,
Inc. of certain trusts for the benefit
of Mr. Bainum, Jr.'s nephews. Mr. Bainum, Jr. is the trustee and his nephews
are the beneficiaries.
Note 14: Cancellation of option in connection with grant of replacement
option.
Note 15: In connection with spin-off of business segment and 3 for 1 reverse
stock split, existing option was
repriced and the remainder of shares was
adjusted.
Note 16: The option is currently exercisable.
Note 17: 18,000 options are currently exercisable; the remainder vest on
11/2/97.
Note 18: 9,601 options are currently exercisble; the remainder vest on
10/23/98.
Note 19: 6,300 options are currently exercisable; the remainder vest in two
equal annual installments beginning
on
10/31/98.
Note 20: 2,600 options are currently exercisable; the remainder vest in three
equal annual installments beginning
on
10/21/98.
Note 21: 1,600 options are currently exercisable; 800 options vest on 12/6/97
and 12/6/98; the remainder vest in
three equal annual installments beginning on
12/6/99.
Note 22: 5,600 options are currently exercisble; the remainder vest in three
equal annual installments beginning
on
6/21/98.
Note 23: 2,400 options are currently exercisable; the remainder vest in four
equal annual installments beginning
on 7/1/98.
SIGNATURE OF REPORTING PERSON
Stewart Bainum, Jr.
DATE
2/12/98
