Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)*

 

 

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)

August 18, 2022

(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     Bruce D. Bainum (Dr. 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     3,093,475
				8		Shared Voting Power     7,805,056
				9		Sole Dispositive Power     3,093,475
				10		Shared Dispositive Power     7,805,056

11		Aggregate Amount Beneficially Owned by Each Reporting Person     10,898,531
12		Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13		Percent of Class Represented by Amount in Row (11)     19.54%
14		Type of Reporting Person     IN

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

 

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:

Bruce D. Bainum

 

(b)

Business Address:

8171 Maple Lawn Blvd, Suite 375

Fulton, MD 20759

 

(c)

Present Principal Employment:

Investor; Chair Three Graces 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.)

 

(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 August 18, 2022 Posadas Holdings, LLC distributed 827,992 shares of common stock of the Issuer to its owners which consist solely of Dr. Bainum and a trust for his benefit. The transfer involved no consideration.

 

Item 5.

Interest in Securities of the Issuer

 

(a)

Amount and percentage beneficially owned:

Reporting Person:

10,898,531 shares (19.54%) including 2,585,709 shares owned by the Bruce Bainum Declaration of Trust of which Dr. Bainum is the sole trustee and beneficiary. Also includes 5,000 shares owned by Posadas Holdings, LLC, a private company for which he shares voting authority and whose sole members are Dr. Bainum and a trust for his benefit; 978,482 shares owned by Mid Pines Limited Partnership, in which Dr. Bainums trust is a general partner and has shared voting authority; 6,821,574 shares owned by Realty Investment Company, Inc., a private family company in which Dr. Bainums trust owns voting stock and has shared voting authority; 219,353 shares owned by Three Graces Foundation, Inc., a private foundation for which Dr. Bainum is a Director and has sole voting and dispositive authority; 281,818 shares owned by Charis Advocacy Fund, a tax exempt organization for which Dr. Bainum is a Director and has sole voting and dispositive authority; and 6,595 shares owned by trusts for the benefit of Dr. Bainums descendants for which Dr. Bainum is the sole trustee.

 

(b)

Number of shares as to which such person has:

 

		(i) Sole Voting Power		3,093,475
		(ii)  Shared Voting Power		7,805,056
		(iii)  Sole Dispositive Power		3,093,475
		(iv) Shared Dispositive Power		7,805,056

 

(c)

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

N/A

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

 

(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: August 26, 2022