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FORM 4
__ Check this box if no
longer subject to
Section 16. Form 4
or Form 5 obligations
may continue. See
Instruction 1(b).
(Print or Type Responses)
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
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OMB Approval
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OMB Number: 3235-0287
Expires:
Estimated average burden
hours per response...0.5
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer
Reporting Person* (Check all applicable)
[x] Director __ 10% Owner
__ Officer (give title below) __ Other (specify below)
Lang John M. Lodigian, Inc. LOD
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(Last) (First) (Middle) 3. I.R.S. or Social 4. Statement for 7. Individual or Joint/Group Filing
Security Number of Month/Year (Check Applicable Line)
Reporting Person [x]Form Filed by One Reporting Person
(Voluntary) 04/99 __ Form Filed by More than One Reporting
Person
3399 Peachtree Road, N.E., Suite 2050
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(Street) 5. If Amendment,
Date of Original
(Month/Year)
Atlanta GA 30326
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(City) (State) (Zip) Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action Code (Instr. or Disposed of (D) Securities Form: Indirect
Date 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
(Month/ Owned at End or Indirect Ownership
Day/ of Month (I) (Instr. 4)
Year) (Instr. 3 (Instr. 4)
and 4)
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Code V Amount (A) or (D) Price
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Common Stock, par value
$.01 per share 4/15/99(1) J(2) 17,915 A 6.125 344,439 D,I (3)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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FORM 4 (continued) Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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1. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of
of sion or action action Derivative Exer- and of of ship Indirect
Deri- Exercise Date Code Securities cisable Amount Deri- Deri- Form Beneficial
vative Price of (Instr. Acquired (A) and Expi- of vative vative of Deri- Ownership
Secu- Deri- (Month/ 8) or Disposed ration Under- Secu- Secu- vative (Instr. 4)
rity vative Day/ of (D) Date Lying rity rities Security:
(Instr. Security Year) (Instr. 3, (Month/ Securi- (Instr. Benefi- Direct
3) 4, and 5) Day/ ties 5) cially (D) or
Year) (Instr. Owned Indirect
3 and 4) at End (I)
of (Instr.
Month 4)
(Instr.
4)
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Code V (A) (D) Date Expir- Title Amount
Exerci- ation or
sable Date Number
of
Shares
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Explanation of Responses:
(1) Date represents the average date of receipt by the Reporting Person and his affiliates (as reported on the Reporting Person's
initial Form 3) for all shares issued out of escrow to the Reporting Person or his affiliates. These shares were mailed April
12, 1999 via first class United States mail.
(2) Shares represent the portion of shares issued, but held in escrow, pursuant to the merger of Impac Hotel Group, LLC and
Servico, Inc. on December 11, 1998 (the "Merger"), and which were released from escrow after the completion of certain hotels.
The certificates representing these shares are dated March 12, 1999, but were received by the Reporting Person and his
affiliates on or about April 15, 1999 and are therefore reported currently.
(3) 121,984 shares are owned directly, including 5,449 shares released from escrow and reported on this Form 4. 222,455 shares are
owned indirectly, including 12,466 shares released from escrow and reported on this Form 4. According to the relationships
previously reported on the Reporting Person's Form 3 Initial Statement of Beneficial Ownership of Securities, the Reporting
Person may be deemed to be the beneficial owner of 12,098 shares received from escrow by P.T. Partners LLC, 58 shares received
from escrow by ProTrust Properties IV, Ltd., 203 shares received from escrow by ProTrust Properties V, Ltd., 85 shares received
from escrow by Hotel Investors, L.P., and 22 shares received from escrow by ProTrust Equity Growth Fund I, L.P.
** Intentional misstatements or omissions of /s/ John M. Lang May 6, 1999
facts constitute Federal Criminal ------------------------------------------- ------------------------------
Violations. ** Signature of Reporting Person Date
See 18 U.S.C. and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless form
displays a currently valid OMB number.
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