F O R M 4 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[ ] Check this box if OMB APPROVAL
no longer subject OMB Number 3235-0287
to Section 16 Expires: September 30, 1998
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hours per response _____ 0.5
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 1940
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1.Name and Address of 2.Issuer Name and Ticker 6.Relationship of Reporting
Reporting Person* or Trading Symbol Person to Issuer (check
all Applicable)
FelCor Lodging Trust
Incorporated (FCH)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Eslick Jack December 1998 Director ___ 10% Owner
- --------------------------------------- ----------------------- ----------------- ---
(Last) (First) (MI) 3.IRS or Soc.Sec.No. 4.Statement for X Officer Other
--- ---
of Reporting Person Month/Year (Give title (specify below)
(Voluntary) below)
Senior Vice President, Director of
545 E. John Carpenter Frwy., Suite 1300 Asset Management
- --------------------------------------------------------- ------------------------------------
(Street) ----------------
5.If Amendment, 7.Individual or Joint/Group
Date of Original Filing (Check Applicable
Irving TX 75062-0000 (Month/Year)
- --------------------------------------------------------
Line)
(City) (State) (Zip)
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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<TABLE>
<CAPTION>
<S> <C> <C> <C>
1. Title of Security 2. Transaction 3. Transaction 4. Security Acquired (A)
(Inst.3) Date Code or Disposed of (D)
(Month/ (Instr.8) (Inst.3, 4 & 5)
Day/Yr) _________________________________________
(A)
Code V Amount (D) Price
Common Stock
- ----------------------------------------- ------------------- ------- ----- ---------------- ---- ---------
- ----------------------------------------- ------------------- ------- ----- ---------------- ---- ---------
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</TABLE>
Page 1 of 6
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
5. Amount of Securities 6. Ownership Form 7. Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
at End of Month Indirect (I) (Inst. 4)
(Inst. 3 & 4)
- --------------------------------------- ------------------------------ -----------------------------
3,000 D
- --------------------------------------- ------------------------------ -----------------------------
- --------------------------------------- ------------------------------ -----------------------------
- --------------------------------------- ------------------------------ -----------------------------
- --------------------------------------- ------------------------------ -----------------------------
- --------------------------------------- ------------------------------ -----------------------------
- --------------------------------------- ------------------------------ -----------------------------
</TABLE>
Reminder: Report on a separate line for each class securities owned directly or
indirectly. *If the form is filed by more than one reporting person, see
Instruction 4(b)(v).
Page 2 of 6
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
<S> <C> <C> <C>
- --------------------------------------------------------------------------------
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible security)
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1. Title of 2. Conversion 3. Transaction 4. Transaction
Derivative or Exercise Date (Month Code
Security Price of (Day/Year) (Instr. 8)
(Instr.3) Derivative
Security Code V
Stock Option $31.3700 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 31.3700 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 31.3700 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 31.3700 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 31.3700 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 35.0000 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 35.0000 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 35.0000 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 35.0000 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 35.0000 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 36.6300 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 36.6300 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 36.6300 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 36.6300 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 36.6300 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 37.5600 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 37.5600 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 37.5600 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 37.5600 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 37.5600 12/14/1998 D V
- ------------------------------------------ -------------------- ---------------- ---------------
Page 3 of 6
<PAGE>
Stock Option 22.1250 12/14/1998 A V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 22.1250 12/14/1998 A V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 22.1250 12/14/1998 A V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 22.1250 12/14/1998 A V
- ------------------------------------------ -------------------- ---------------- ---------------
Stock Option 22.1250 12/14/1998 A V
- ------------------------------------------ -------------------- ---------------- ---------------
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
5. Number of Derivative 6. Date Exercisable 7. Title & Amount of
Securities Acquired & Expiration Date Underlying Securities
(A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4)
(Instr. 3, 4 & 5)
- -------------------------------------------------------------------------------------------------------------------
(A) (D) Date Expiration Title Amount or number
Exercisable Date of Shares
10,000 04/01/1997 04/01/2006 Common Stock 10,000
- ----------------- ----------------- ------------ -------------- -------------- -----------------
10,000 04/01/1998 04/01/2006 Common Stock 10,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
10,000 04/01/1999 04/01/2006 Common Stock 10,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
10,000 04/01/2000 04/01/2006 Common Stock 10,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
10,000 04/01/2001 04/01/2006 Common Stock 10,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 02/19/1998 02/19/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 02/19/1999 02/19/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 02/19/2000 02/19/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 02/19/2001 02/19/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 02/19/2002 02/19/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
1,000 01/01/1998 06/24/2007 Common Stock 1,000
- ----------------- ----------------- ------------ -------------- -------------- -----------------
1,000 01/01/1999 06/24/2007 Common Stock 1,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
1,000 01/01/2000 06/24/2007 Common Stock 1,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
1,000 01/01/2001 06/24/2007 Common Stock 1,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
1,000 01/01/2002 06/24/2007 Common Stock 1,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
Page 4 of 6
<PAGE>
2,000 01/01/1998 08/13/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 01/01/1999 08/13/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 01/01/2000 08/13/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 01/01/2001 08/13/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
2,000 01/01/2002 08/13/2007 Common Stock 2,000
- ----------------- ----------------- ------------ ------------- -------------- -----------------
37,349 (01) (02) 04/01/2006 Common Stock 37,349
- ----------------- ----------------- ------------ ------------- -------------- -----------------
6,659 (03) (04) 02/19/2007 Common Stock 6,659
- ----------------- ----------------- ------------ ------------- -------------- -----------------
3,176 (05) (04) 06/24/2007 Common Stock 3,176
- ----------------- ----------------- ------------ ------------- -------------- -----------------
6,185 (06) (04) 08/13/2007 Common Stock 6,185
- ----------------- ----------------- ------------ ------------- -------------- -----------------
13,195 (07) 03/05/2008 Common Stock 13,195
- ----------------- ----------------- ------------ ------------- -------------- -----------------
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
8. Price of Derivative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect
Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial
Month (Instr. 4) Direct (D) or Ownership (Instr.4)
Indirect (I) (Instr.4)
$31.3700 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
31.3700 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
31.3700 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
31.3700 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
31.3700 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
35.0000 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
35.0000 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
35.0000 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
35.0000 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
35.0000 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
Page 5 of 6
<PAGE>
36.6300 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
36.6300 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
36.6300 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
36.6300 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
36.6300 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
37.5600 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
37.5600 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
37.5600 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
37.5600 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
37.5600 0
- ----------------------- ----------------------------------- -------------------------- ------------------------
22.1250 37,349 D
- ----------------------- ----------------------------------- -------------------------- ------------------------
22.1250 6,659 D
- ----------------------- ----------------------------------- -------------------------- ------------------------
22.1250 3,176 D
- ----------------------- ----------------------------------- -------------------------- ------------------------
22.1250 6,185 D
- ----------------------- ----------------------------------- -------------------------- ------------------------
22.1250 13,195 D
- ----------------------- ----------------------------------- -------------------------- ------------------------
<FN>
Explanation of Responses
(01) Issued in exchange for the cancellation of outstanding options to purchase 50,000 shares @ $31.37 per share.
(02) This option to buy becomes vested at 20% per year beginning 4/1/1997, and is exercisable (to the extent vested) on or after
1/1/2000.
(03) Issued in exchange for the cancellation of outstanding options to purchase 10,000 shares @ $35.00 per share.
(04) This option to buy becomes vested at 20% per year beginning 1/1/1998, and is exercisable (to the extent vested) on or after
1/1/2000.
(05) Issued in exchange for the cancellation of outstanding options to purchase 5,000 shares @ $36.63 per share.
(06) Issued in exchange for the cancellation of outstanding options to purchase 10,000 shares @ $37.56 per share.
(07) This option to buy becomes vested at 20% per year beginning 1/1/1999, and is exercisable (to the extent vested) on or after
1/1/2000.
</FN>
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
/s/ Jack Eslick 01/10/99
**Intentional misstatements or omissions of facts constitute Federal ------------------------------------------
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
</TABLE>
Potential persons who are to respond to the collections of information contained
in this form are not required to respond unless the form displays a currently
valid OMD Number.
Page 6 of 6
