Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)*

 

 

CHOICE HOTELS INTERNATIONAL, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

169905-10-6

(CUSIP Number)

Christine A. Shreve - 240-295-1600

8171 Maple Lawn Blvd, Suite 375, Fulton, MD 20759

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 10, 2020

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the following box  ☐.

 

*	The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 169905-10-6		13D		Page 2 of 4

 

1		Name of Reporting Person   Roberta D. Bainum (Ms. Bainum or the Reporting Person)
2		Check the Appropriate Box if a Member of a Group* (a)  ☐        (b)  ☐
3		SEC Use Only
4		Source of Funds   00
5		Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items 2(C) or 2(E)    ☐
6		Citizenship or Place of Organization   USA
Number of Shares Beneficially Owned by Each Reporting Person with:				7		Sole Voting   1,792,623
				8		Shared Voting Power   8,474,946
				9		Sole Dispositive Power   1,792,623
				10		Shared Dispositive Power   8,474,946
11		Aggregate Amount Beneficially Owned by Each Reporting Person   10,267,569
12		Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13		Percent of Class Represented by Amount in Row (11)   18.38%
14		Type of Reporting Person   IN

 

Item 1.

Security and Issuer

 

(a)

Name of Issuer:

Choice Hotels International, Inc.

 

(b)

Address of Issuers Principal Executive Offices:

1 Choice Circle, Suite 400

Rockville, MD 20850

 

(c)

Title and Class of Securities:

Common Stock

 

Item 2.

Identity and Background

 

(a)

Name:

Roberta D. Bainum

 

(b)

Business Address:

8171 Maple Lawn Blvd, Suite 375

Fulton, MD 20759

 

(c)

Present Principal Employment:

Investor; Chair Trisons Foundation, Inc.

 

(d)

Record of Convictions:

During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors.)

CUSIP No. 169905-10-6		13D		Page 3 of 4

 

(e)

Record of Civil Proceedings:

During the last five years, the Reporting Person was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating such activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f)

Citizenship:

N/A

 

Item 3.

Source and Amount of Funds or Other Consideration

N/A

 

Item 4.

Purpose of Transaction

On March 10, 2020 Sweetwater Holdings, LLC distributed 400,000 shares of common stock of the Issuer to its owners, Roberta Bainum and trusts for her benefit. The transfer involved no consideration.

On March 13, 2020 Roberta Bainum contributed 400,000 shares of common stock of the Issuer to the Roberta Bainum 2020 Grantor Retained Annuity Trust VI, a trust for the benefit of Roberta Bainum and her descendants. The transfer involved no consideration.

 

Item 5.

Interest in Securities of the Issuer

 

(a)

Amount and percentage beneficially owned:

Reporting Person:

10,267,569 shares (18.38%) including 1,287,805 shares owned by the Roberta Bainum Declaration of Trust of which Ms. Bainum is the sole trustee and beneficiary. Also includes 674,890 shares owned by Sweetwater Holdings, LLC for which she shares voting authority and whose sole members are Ms. Bainum and a trust for her benefit; 978,482 shares owned by Mid Pines Associates Limited Partnership, in which Ms. Bainums trust is a general partner and has shared voting authority; 6,821,574 shares owned by Realty, a family investment company in which Ms. Bainums trust owns voting stock and has shared voting authority; 223,000 shares owned by Trisons Foundation, Inc. a private foundation for which Ms. Bainum is a Director and has sole voting and dispositive authority; and 281,818 shares owned by Sweetwater Action Fund, a tax exempt organization for which Ms. Bainum is a Director and has sole voting and dispositive authority.

 

(b)

Number of shares as to which such person has:

 

(i)  Sole Voting Power			1,792,623
(ii)  Shared Voting Power			8,474,946
(iii)   Sole Dispositive Power			1,792,623
(iv) Shared Dispositive Power			8,474,946

 

(c)

A schedule of transactions effected in the last sixty days is as follows:

In addition to the transactions described in item 4 above, Ms. Bainum effected the following transactions:

On January 17, 2020 and January 21, 2020, family entities for which Ms. Bainum has voting authority engaged in transactions in respect of shares owned by those entities as part of tax and estate planning for members of Ms. Bainums family. The transfers involved no consideration.

CUSIP No. 169905-10-6		13D		Page 4 of 4

On January 17, 2020 the Jane Bainum Declaration of Trust, a trust for the benefit of Ms. Bainums mother, made gifts of shares of common stock of the Issuer to five tax exempt organizations created by Ms. Bainum, her siblings and family members. Ms. Bainum is a Director and has sole voting authority for Sweetwater Action Fund which is one of the exempt organizations which received 281,818 of the shares gifted by the Jane Bainum Declaration of Trust.

On January 21, 2020, Sweetwater Holdings, LLC, a family owned company in which Ms. Bainum owns a majority interest and shares voting authority, made a distribution of 445,735 shares of common stock of the Issuer in redemption of the interests in the LLC of two trusts for the benefit of Ms. Bainums descendants.

On February 24, 2020, Ms. Bainum made charitable gifts of 33,000 shares of common stock of the Issuer.

 

(d)

Ownership of more than five percent on behalf of Another Person:

To the extent that shares of the Issuer identified in Item 5(a) are held by corporations or partnerships, other shareholders and partners, respectively, have the right to receive dividends from, or the proceeds from the sale of the shares to the extent of their proportionate interests in such entities. To the best of the Reporting Persons knowledge, other than Stewart Bainum, Jr., Bruce Bainum, Roberta Bainum and Barbara Bainum, no other person has such interest relating to more than 5% of the outstanding class of securities.

 

(e)

Ownership of Less than Five Percent:

N/A

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

None

 

Item 7.

Material to be Filed as Exhibits

None

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: March 17, 2020