UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
PATEL, CHETAN
7000 Central Parkway, Suite 850
Atlanta, GA 30328
2. Date of Event Requiring Statement (Month/Day/Year)
01-01-00
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
BUCKHEAD AMERICA CORPORATION
BUCK
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
SVP - BAC Franchising, Inc.
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common Stock, $.01 par value |0 | | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option |(1) |4/26/06 |Common Stock |2,000 |$5.38 |D | |
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Stock Option |(2) |6/26/07 |Common Stock |3,000 |$6.88 |D | |
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Stock Option |(3) |5/28/08 |Common Stock |3,000 |$7.37 |D | |
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Stock Option |(4) |5/27/09 |Common Stock |3,000 |$5.25 |D | |
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Stock Option |(5) |5/25/10 |Common Stock |7,000 |$5.00 |D | |
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</TABLE>
Explanation of Responses:
(1) Option is exercisable as follows: one-third immediately on 4/26/96 (the
"Grant Date") and one-third on each
anniversary of the Grant
Date.
(2) Option is exercisable as follows: one-third immediately on 6/26/97 (the
"Grant Date") and one-third on each
anniversary of the Grant
Date.
(3) Option is exercisable as follows: one-third immediately on 5/28/98 (the
"Grant Date") and one-third on each
anniversary of the Grant
Date.
(4) Option is exercisable as follows: one-third immediately on 5/27/99 (the
"Grant Date") and one-third on each
anniversary of the Grant
Date.
(5) Option is exercisable as follows: one-third immediately on 5/25/00 (the
"Grant Date") and one-third on each
anniversary of the Grant
Date.
SIGNATURE OF REPORTING PERSON
/s/ Chetan Patel
Chetan Patel
DATE
January 3, 2001
