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
Malek, Frederic V.
10750 Columbia Pike
Silver Spring, MD 20901
2. Date of Event Requiring Statement (Month/Day/Year)
10/15/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Choice Hotels International, Inc.
CHH
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
10/28/97
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 |5,724 |D |Note 1 |
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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>
Common Stock Option (R|9/9/96 |9/9/04 |Common Stock |1,667 |$8.5551 |D | |
ight to Buy) | | | | | | | |
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" |9/9/97 |" |" " |1,666 |" |D | |
" | | | | | | | |
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" |9/9/98 |" |" " |1,832 |" |D | |
" | | | | | | | |
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" |Note 2 |9/28/05 |" " |1,068 |$10.3922 |D | |
" | | | | | | | |
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" |Note 3 |9/30/06 |" " |1,100 |$11.5986 |D | |
" | | | | | | | |
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" |Note 4 |11/4/06 |" " |5,494 |$12.2095 |D | |
" | | | | | | | |
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" |Note 5 |9/16/07 |" " |643 |$16.488 |D | |
" | | | | | | | |
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" |Note 6 |10/16/07 |" " |5,000 |$17.6250 |D | |
" | | | | | | | |
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</TABLE>
Explanation of Responses:
Note 1: Includes 4,724 shares of restricted stock granted under the Choice
Hotels International, Inc.
Non-Employee Director Stock Option
Plan.
Note 2: Such options vest in three equal annual installments beginning on
9/28/97.
Note 3: Such options vest in three equal annual installments beginning on
9/30/98.
Note 4: Such options vest in three equal annual installments beginning on
11/4/98.
Note 5: Such options vest in three equal annual installments beginning on
9/16/99.
Note 6: Such options vest in three equal annual installments beginning on
10/16/99.
SIGNATURE OF REPORTING PERSON
Frederic V. Malek
DATE
2/12/98
