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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CHOICE HOTELS INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
169905-10-6
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(CUSIP Number)
Patricia Bowditch (301) 495-4400
8737 Colesville Road, Suite 800, Silver Spring, MD 20910
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 19, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b) (3) or (4), check the following box ( ).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 169905-10-6 13D Page 2 of 4
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Stewart Bainum, Jr.
S.S.#: ###-##-####
2 Check the Appropriate Box if a Member of a Group*
(a) ( ) (b) ( )
3 SEC Use Only
4 Source of Funds
00
5 Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items
2(C) or 2(E) ( )
6 Citizenship or Place of Organization
USA
Number of Shares Beneficially
Owned by Each Reporting Person with:
7 Sole Voting Power 2,285,601
8 Shared Voting Power 7,366,066
9 Sole Dispositive Power 2,285,601
10 Shared Dispositive Power 7,366,066
11 Aggregate Amount Beneficially Owned by Each Reporting Person
9,651,667
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13 Percent of Class Represented by Amount in Row (11)
17.4%
14 Type of Reporting Person
IN
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CUSIP No. 169905-10-6 13D Page 3 of 4
Item 1. Security and Issuer
(a) Name of Issuer:
Choice Hotels International, Inc.
(b) Address of Issuer's Principal Executive Offices:
10750 Columbia Pike
Silver Spring, MD 20901
(c) Title and Class of Securities:
Common Stock
Item 2. Identity and Background
(a) Name:
Stewart Bainum, Jr.
(b) Business Address:
8737 Colesville Road, Suite 800
Silver Spring, MD 20910
(c) Present Principal Employment:
Chairman, Choice Hotels International
8737 Colesville Road, Suite 800
Silver Spring, Maryland 20901
(d) Record of Convictions:
During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors.)
(e) Record of Civil Proceedings:
During the last five years, the Reporting Person was not a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or
is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating such activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Citizenship:
Reporting Person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Person utilized no funds in the acquisition of the
securities of the issuer triggering the filing of this 13D.
Item 4. Purpose of Transaction
1,992,457 shares were acquired by the Reporting Person in
transactions which involve the liquidation of two family owned
investment partnerships and the resulting distributions to the
partners of the securities of the issuer owned by the partnerships.
The Reporting Person continues to hold the Shares for investment
purposes. In addition, in Mr. Bainum's capacity as co-trustee of his
sister, Roberta Bainum's, Irrevocable Trust, he has shared voting
authority over an additional 1,906,369 shares which were distributed
from the same two partnerships. The Reporting Person has no present
plans or intentions that would result in or relate to any of the
transactions described in Subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) Amount and percentage beneficially owned:
Reporting Person:
9,651,667 shares, including 42,127 shares owned directly;
1,992,457 shares held directly by the Stewart Bainum, Jr.
Declaration of Trust ("SBJ Trust"), of which Mr. Bainum, Jr. is
the sole trustee and beneficiary; 3,567,869 shares held directly
by Realty Investment Company, a real estate management and
investment company in which the SBJ Trust is a stockholder
(beneficial ownership of such shares is disclaimed); 112,200
shares held by Vintage Limited Partnership, a family investment
partnership of which Mr. Bainum, Jr. is a stockholder of the
Corporate General Partner and has shared voting authority, and
1,779,628 shares owned by Mid Pines Associates, Limited
Partnership of which the SBJ Trust is Managing General Partner
and has shared voting authority. Also includes 1,906,369 shares
owned by the Roberta Bainum Irrevocable Trust of which Mr.
Bainum, Jr. is a co-trustee and has shared voting authority.
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CUSIP No. 169905-10-6 13D Page 4 of 4
Also includes 1, 017 shares of restricted stock granted by the
issuer which Mr. Bainum, Jr. has the right to receive upon
termination of his employment with the Company pursuant to the
terms of the Choice Hotels International, Inc. Non-Qualified
Retirement Savings and Investment Plan. Also includes 250,000
shares which Mr. Bainum, Jr. has the right to acquire pursuant to
stock options which are presently exercisable or which become
exercisable within sixty days.
(b) Number of shares as to which such person has:
(i) Sole Voting Power 2,285,601
(ii) Shared Voting Power 7,366,066
(iii) Sole Dispositive Power 2,285,601
(iv) Shared Dispositive Power 7,366,066
(c) A schedule of transactions effected in the last sixty days is as
follows:
Not applicable.
(d) Ownership of more than five percent on behalf of Another Person:
To the extent that shares of the issuer identified in Item 5(a)
are held by corporations or partnerships, other shareholders and
partners, respectively, have the right to receive dividends from,
or the proceeds from the sale of the
shares to the extent of their proportionate interests in such
entities. To the best of the Reporting Person's knowledge, other
than Stewart and Jane Bainum, and their four adult children,
Stewart Bainum, Jr., Bruce Bainum, Roberta Bainum and Barbara
Bainum, no other person has such interest relating to more than
5% of the outstanding class of securities.
(e) Ownership of Less than Five Percent:
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Not applicable.
Item 7. Material to be Filed as Exhibits
None
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: April 28, 1999
/s/ Stewart Bainum, Jr.
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Stewart Bainum, Jr.
