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
SUGARMAN, BURT R.
9000 Sunset Boulevard, 16th Floor
Los Angeles, CA U.S.A.
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
Checkers Drive-In Restaurants, Inc.
CHKR
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
October 10, 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
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>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option (right to|$13.56 |9/1/9|J* | |D |D |6/13/|6/13/|Common Stock|1,000 | | |D | |
buy) | |9 | | | | |97 |07 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option (right to|$15.00 |9/1/9|J* | |D |D |8/6/9|8/6/0|Common Stock|25,000 | | |D | |
buy) | |9 | | | | |7 |7 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option (right to|$9.75 |9/1/9|J* | |D |D |12/29|12/29|Common Stock|1,667 | | |D | |
buy) | |9 | | | | |/97 |/07 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option (right to|$18.09 |9/1/9|J* | |D |D |7/10/|7/10/|Common Stock|24,875 | | |D | |
buy) | |9 | | | | |96 |06 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option (right to|$17.37 |9/1/9|J* | |D |D |5/11/|5/11/|Common Stock|7,048 | | |D | |
buy) | |9 | | | | |97 |07 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option (right to|$13.95 |9/1/9|J* | |D |D |5/11/|5/11/|Common Stock|7,048 | | |D | |
buy) | |9 | | | | |98 |08 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | |221,184 | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
*Options cancalled, no value received by
holder.
SIGNATURE OF REPORTING PERSON
Burt R. Sugarman
