UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Bainum, Jr., Stewart
10770 Colesville Road Suite 100
Silver Spring, MD 20901
USA
2. Issuer Name and Ticker or Trading Symbol
Choice Hotels International, Inc. (formerly Choice Hotels Franchising, Inc.)
CHH
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
12/28/99
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 Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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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 |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |12/23/|G(10|V|625 |D | |1,565,562 |I |Note 1 |
|99 |) | | | | | | | |
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" " | | | | | | |127,725 |I |Note 2 |
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" " | | | | | | |214,284 |I |Note 3 |
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" " | | | | | | |6,768 |I |Note 4 |
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" " | | | | | | |851,669 |I |Note 5 |
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" " | | | | | | |13,591 |I |Note 6 |
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" " | | | | | | |162,797 |I |Note 7 |
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" " | | | | | | |210,068 |I |Note 8 |
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" " | | | | | | |394,026 |I |Note 9 |
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" " | | | | | | |1,719 |D |Non-qualified savings plan |
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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 | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price 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 |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock Options |$12.625 |2-1-9|A |-|7500 - |A,D|(11) |2-1-0|Common Stock|7500 |- |322,975 |D |- |
| |9 | | | | | |9 | | | | | | |
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Incentive Stock Option|$12.625 |2-1-9|A |-|2500 - |A,D|(11) |2-1-0|Common Stock|2500 |- |14,325 |D |- |
s | |9 | | | | | |9 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
Note 1: Shares owned by the Stewart Bainum, Jr. Declaration of Trust ("Stewart
Bainum, Jr. Trust") in which Mr.
Bainum, Jr. is the sole trustee. On December 28, 1999, Mr. Stewart Bainum, Jr.
transferred shares from the Stewart
Bainum, Jr. Trust to create a Charibable Remainder Unitrust ("CRUT"). Mr.
Bainum, Jr. retains only an income interest
in the CRUT. An independent individual serves as trustee of the
CRUT.
Note 2: The proportionate interest of the Stewart Bainum, Jr. Trust in shares
(1,779,628) 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 (1,779,628) owned
by 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 (1,779,628) owned by Mid Pines Associates,
L.P.
Note 5: The proportionate interest of the Stewart Bainum, Jr. Trust in shares
(3,567,869) owned by Realty
Investment Company, Inc., a real estate investment and management company in
which Mr. Bainum, Jr. is a
non-controlling shareholder. Also includes 128,591 shares indirectly held
through certain trusts for the benefit of Mr.
Bainum, Jr.'s two minor
children.
Note 6: The proportionate interest of Mr. Stewart Bainum, Jr. in shares
(112,200) owned by Vintage Limited
Partnership. Also includes 11,119 shares owned by Mr. Bainum, Jr.'s two minor
children.
Note 7: On December 28, 1999, Mr. Stewart Bainum, Jr. transferred shares from
the Stewart Bainum, Jr. Trust to
create a Chritable Remainder Unitrust ("CRUT"). Mr. Bainum, Jr. retains only
an income interest in the CRUT. An
independent individual serves as trustee of the
CRUT.
Note 8: Represents the proportionate interest of certain trusts in shares
(1,779,628) owned by Mid Pines
Associates, L.P. for the benefit of Mr. Bainum, Jr.'s nephews. Mr. Bainum, Jr.
is the trustee and his nephews are the
beneficiaries. Beneficial ownership is
disclaimed.
Note 9: The proportionate interest of certain trusts in shares (3,567,869)
owned by Realty Investment Company, Inc.
for the benefit of Mr. Bainum, Jr.'s nephews. Mr. Bainum, Jr. is the trustee
and his nephews are the beneficiaries.
Beneficial ownership is
disclaimed.
Note 10: Mr. Bainum, Jr. gifted 625 shares owned by the Stewart Bainum, Jr.
Trust to a charitable organization on
December 23, 1999.
Note 11: Such options vest in five equal annual installments beginning on
February 1, 2000.
SIGNATURE OF REPORTING PERSON
Stewart Bainum, Jr.
DATE
1/7/00
