# EDGAR Filing Document

**Accession Number:** 0001034261
**File Stem:** 0001209191-23-016121
**Filing Date:** 2023-3
**Character Count:** 7226
**Document Hash:** 6f464112a4d3664039db6ace4063dbfa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-016121.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0001209191-23-016121

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230302

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** BAINUM STEWART JR
- **CENTRAL INDEX KEY:** 0001034261

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13393
- **FILM NUMBER:** 23707689

**MAIL ADDRESS:**
- **STREET 1:** 8171 MAPLE LAWN BLVD
- **STREET 2:** SUITE 375
- **CITY:** FULTON
- **STATE:** MD
- **ZIP:** 20759
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CHOICE HOTELS INTERNATIONAL INC /DE
- **CENTRAL INDEX KEY:** 0001046311
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOTELS & MOTELS [7011]
- **IRS NUMBER:** 521209792
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CHOICE HOTELS CIRCLE
- **STREET 2:** SUITE 400
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 3015925181

**MAIL ADDRESS:**
- **STREET 1:** 1 CHOICE HOTELS CIRCLE
- **STREET 2:** SUITE 400
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHOICE HOTELS FRANCHISING INC
- **DATE OF NAME CHANGE:** 19971118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHOICE HOTELS INTERNATIONAL INC/
- **DATE OF NAME CHANGE:** 19971022

### 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 Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>BAINUM STEWART JR<br><sub>(Last) (First) (Middle)</sub><br>8171 MAPLE LAWN BLVD<br>SUITE 375<br><sub>(Street)</sub><br>FULTON, MD 20759<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chairman_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>CHOICE HOTELS INTERNATIONAL INC /DE [ CHH ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-02 | 2023-03-02 | J | V | 2513 | A | $0.00 | 1008848 | I | See Footnote<sup>(1)</sup> |
| Common Stock |  |  |  |  |  |  |  | 126035 | I | See Footnote<sup>(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 468207 | I | See Footnote<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1417056 | I | See Footnote<sup>(4)</sup> |
| Common Stock | 2023-03-02 | 2023-03-02 | A |  | 2167 | A | $123.73 | 6896 | D<sup>(5)</sup> |  |
| Common Stock | 2023-03-02 | 2023-03-02 | J | V | 2513 | D | $0.00 | 4383 | D<sup>(5)</sup> |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Shares owned by Stewart Bainum Jr. Declaration of Trust ("Stewart Bainum Jr. Trust") in which Mr. Bainum, Jr. is a trustee and sole current beneficiary.

(2) The proportionate interest of the Stewart Bainum, Jr. Trust in shares (978,482) owned by Mid Pines Associates, L.P.("Mid Pines"), an entity in which the Stewart Bainum Jr. Trust has shared voting authority.

(3) The proportionate interest of the Stewart Bainum, Jr. Trust in shares (6,821,574) owned by Realty Investment Company, Inc. ("Realty") a family real estate investment and management company in which Mr. Bainum, Jr. is a non-controlling shareholder and has shared voting authority. Realty owns Choice stock as well as other assets and liabilities.

(4) Shares owned by Leeds Creek Holdings, LLC, ("Leeds Creek")  an entity in which the Stewart Bainum Jr. Trust is the sole owner and managing member.

(5) Represents restricted stock which vests in three equal installments on the first, second and third anniversary of the grant date.

**Signature:** Christine A. Shreve, Attorney-in-fact  
**Date:** 2023-03-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**