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
Floyd, William R.
10750 Columbia Pike
Silver Spring, MD 20901
2. Issuer Name and Ticker or Trading Symbol
Choice Hotels International, Inc.
CHH
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
CEO and President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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 |10/15/|J(1)|V|85,470 |A |- - |85,470 |D | |
|97 | | | | | | | | |
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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 Option (R|$12.2095|10/15|J(2)|V|300,563 |A |(3) |11/4/|Common Stock|300,563| | |D | |
ight to Buy) | |/97 | | | | | |06 | | | | | | |
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Incentive Stock Option|$12.2095|10/15|J(2)|V|40,952 |A |(3) |11/4/|Common Stock|40,952 | | |D | |
| |/97 | | | | | |06 | | | | | | |
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Common Stock Option (R|$16.488 |10/15|J(2)|V|71,431 |A |(4) |9/16/|Common Stock|71,431 | |412,946 |D | |
ight to Buy) | |/97 | | | | | |07 | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Received as special dividend from Sunburst Hospitality Corporation
(formerly Choice Hotels International, Inc.)
in connection with spinoff of
Issuer.
(2) In connection with spinoff, existing Sunburst options were converted into
successor Sunburst and Issuer
options.
(3) Such options vest in five equal annual installments beginning on
11/4/97.
(4) Such options vest in five equal annual installments beginning on
9/16/98.
SIGNATURE OF REPORTING PERSON
William R. Floyd
