EX-99 4 chhtrans0306.txt TRANSMITTAL LETTER Choice Hotels Inc. Transaction Schedule From 01-04-03 To 03-05-03 Exec. Date Account ID Activity Quantity Price -------- ------------ ---------- ---------- --------- 1/6/03 bamco sl 3500 22.5151 1/7/03 bamco sl 7500 21.7333 1/8/03 bamco sl 6000 21.6300 1/8/03 bamco sl 4000 21.4490 1/9/03 bamco sl 6400 22.2970 1/10/03 bamco sl 5000 22.3650 1/10/03 bamco sl 8600 22.3614 1/13/03 bamco sl 10000 22.2600 1/14/03 bamco sl 6300 21.9421 1/14/03 bamco sl 3700 21.9749 1/15/03 bamco sl 7200 21.6732 1/16/03 bamco sl 7000 21.8500 1/16/03 bamco sl 6000 21.8220 1/17/03 bcm by 1000 21.5320 1/17/03 bcm by 800 21.7625 1/17/03 bamco sl 7500 21.5750 1/17/03 bamco sl 2300 21.6687 1/21/03 bcm by 2000 21.5500 1/21/03 bamco sl 7200 21.5924 1/22/03 bamco sl 1100 21.2850 1/22/03 bamco sl 1700 21.4000 1/23/03 bamco sl 1300 21.2800 1/23/03 bamco sl 2700 21.3733 1/24/03 bamco sl 6000 21.6728 1/29/03 bamco sl 200 21.2541 1/31/03 bamco sl 1700 21.0600 1/31/03 bamco sl 100 21.2900 1/31/03 bcm sl 2000 21.3030 2/4/03 bamco sl 5000 21.0024 2/4/03 bcm sl 3000 21.0467 2/5/03 bamco sl 2500 20.9484 2/6/03 bamco sl 7500 20.5001 2/10/03 bcm by 3000 20.4900 2/10/03 bcm by 3000 20.5000 2/10/03 bamco sl 8600 20.4785 2/11/03 bamco sl 1400 20.5514 2/18/03 bcm sl 1000 21.6000 2/21/03 bamco sl 100000 22.8000 2/24/03 bamco sl 100000 22.7100 2/26/03 bcm by 1300 22.7600 2/26/03 bamco sl 100000 22.7500 3/4/03 bcm sl 1500 24.0653