<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
Studio Plus Hotels, Inc.
-------------------------------------------------
(Exact name of issuer as specified in charter)
1999 Richmond Road, Suite 4, Lexington, KY 40502
-------------------------------------------------
(Address of principal executive offices)
Issuer's telephone number, including area code (606) 269-1999
----------------------------------
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:
1. Title of security Common Stock $.01 par value
----------------------------------------------------------
2. Number of shares outstanding before the change 8,351,898
-----------------------------
3. Number of shares outstanding after the change 12,527,847
------------------------------
4. Effective date of change July 9 distribution date, June 20 record date
---------------------------------------------------
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
stock split distributed as stock dividend
------------------------------------------------------------------
Give brief description of transaction 3 for 2 share split of common
---------------------------------
stock; fractional shares paid in cash
------------------------------------------------------------------
II. CHANGE IN NAME OF ISSUER
1. Name prior to change
--------------------------------------------------------
2. Name after change
-----------------------------------------------------------
3. Effective date of charter amendment changing name
---------------------------
4. Date of shareholder approval of change, if required
-------------------------
Date June 6, 1996 /s/ James C. Baugham Jr.
---------------------- ------------------------------------
Chief Financial Officer