-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AX9owjyrPNM/rffCu8/qX2qpcbArbWh1Dqr78YF0EjTteSUr9DuB5Ti7/qktOQM1 AnnKkZZX0afo/NyIoDPTEg== 0001017918-03-000040.txt : 20030425 0001017918-03-000040.hdr.sgml : 20030425 20030425165751 ACCESSION NUMBER: 0001017918-03-000040 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030425 SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51781 FILM NUMBER: 03665185 BUSINESS ADDRESS: STREET 1: 10750 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 BUSINESS PHONE: 3015925056 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC/ DATE OF NAME CHANGE: 19971022 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS FRANCHISING INC DATE OF NAME CHANGE: 19971118 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAMCO INC /NY/ CENTRAL INDEX KEY: 0001017918 IRS NUMBER: 133390015 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 49TH FL CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2125832000 MAIL ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 49TH FL CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 chh13d042503.txt SCHEDULE 13D/A FOR CHOICE HOTELS INTERNATIONAL Page 1 of 11 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 27)* CHOICE HOTELS INTERNATIONAL, INC. ----------------------------------------------------- (Name of Issuer) COMMON ----------------------------------------------------- (Title of Class of Securities) 169905106 ----------------------------------------------------- (CUSIP Number) Linda S. Martinson, Esq. (212) 583-2000 767 Fifth Avenue, 49th Floor, New York, NY 10153 ----------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 15, 2003 ----------------------------------------------------- (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 [ ]. Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on 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). SEC 1746 (12-91) Amendment Number 27 to Schedule 13D (continued) CUSIP No. 169905106 Page 2 of 11 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Baron Capital Group, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 300,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 4,300,201 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 300,000 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,300,201 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,600,201 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC, CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Amendment Number 27 to Schedule 13D (continued) CUSIP No. 169905106 Page 3 of 11 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BAMCO, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 3,721,400 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,721,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,721,400 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA, CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Amendment Number 27 to Schedule 13D (continued) CUSIP No. 169905106 Page 4 of 11 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Baron Capital Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 300,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 578,801 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 300,000 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 578,801 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 878,801 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA, CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Amendment Number 27 to Schedule 13D (continued) CUSIP No. 169905106 Page 5 of 11 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Baron Asset Fund - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 2,690,000 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,690,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,690,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV, OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Amendment Number 27 to Schedule 13D (continued) CUSIP No. 169905106 Page 6 of 11 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ronald Baron - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 440,908 BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 4,300,201 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 440,908 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,300,201 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,741,109 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 7 of 11 Pages Item 1. Security and Issuer (a) Name of Issuer: CHOICE HOTELS INTERNATIONAL, INC. (b) Address of Issuer's Principal Executive Offices: 10750 Columbia Pike Silver Spring, MD 20901 (c) Title and Class of Securities: Common Item 2. Identity and Background (a) Name: Baron Capital Group, Inc. ('BCG') BAMCO, Inc. ('BAMCO') Baron Capital Management, Inc. ('BCM') Baron Asset Fund ('BAF') Ronald Baron (b) Business Address: 767 Fifth Avenue New York, NY 10153 (c) Present Principal Employment: BCG: Holding company BAMCO: Investment adviser BCM: Investment adviser BAF: Registered investment company Ronald Baron: Chairman and CEO: BCG, BAMCO, BCM and BAF 767 Fifth Avenue New York, NY 10153 (d) Record of Convictions: No material change. (e) Record of Civil Proceedings: No material change. (f) Citizenship: No material change. Item 3. Source and Amount of Funds or Other Consideration No material change. Page 8 of 11 Pages Item 4. Purpose of Transaction No material change. Item 5. Interest in Securities of the Issuer (a) Amount and percentage beneficially owned: BCG: 4,600,201 12.8% BAMCO: 3,721,400 10.4% BCM: 878,801 2.4% BAF: 2,690,000 7.5% Ronald Baron: 4,741,109 13.2% (b) Number of shares as to which such person has: (i) sole power to vote or direct the vote: BCG: 300,000 BAMCO: 0 BCM: 300,000 BAF: 0 Ronald Baron: 440,908 (ii) shared power to vote or direct the vote: BCG: 4,300,201 BAMCO: 3,721,400 BCM: 578,801 BAF: 2,690,000 Ronald Baron: 4,300,201 (iii) sole power to dispose or to direct the disposition: BCG: 300,000 BAMCO: 0 BCM: 300,000 BAF: 0 Ronald Baron: 440,908 (iv) shared power to dispose or direct the disposition: BCG: 4,300,201 BAMCO: 3,721,400 BCM: 578,801 BAF: 2,690,000 Ronald Baron: 4,300,201 *Reporting Persons may be deemed to share power to vote and dispose of shares referred to herein as a result of control relationships (BCG and Ronald Baron with respect to all of the shares; BAMCO with respect to its advisory clients' shares) and pursuant to investment advisory relationships with advisory clients. Reporting Persons disclaim beneficial ownership of the shares for which they share power. (c) A schedule of transactions effected in the last twenty-eight days is attached hereto. Page 9 of 11 Pages (d) Ownership of More than Five Percent on Behalf of Another Person: No material change. (e) Ownership of Less than Five Percent: Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No material change. Item 7. Material to be Filed as Exhibits Exhibit 99 - 28 days of trading. 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: April 25, 2003 Baron Capital Group, Inc., BAMCO, Inc., Baron Capital Management, Inc. and Baron Asset Fund By: /s/ Ronald Baron _______________________________________ Ronald Baron, Chairman and CEO Ronald Baron, Individually By: /s/ Ronald Baron _______________________________________ Ronald Baron EX-99 4 chhtrans042503.txt TRANSACTION SCHEDULE Choice Hotels Int'l Transaction Schedule From 03-28-03 To 04-24-03 Exec. Date Account ID Activity Quantity Price - -------- ---------- ---------- ---------- --------- 3/28/03 bamco sl 13,700 24.4916 3/28/03 bcm sl 400 24.4916 3/31/03 bamco sl 2,900 24.4070 3/31/03 bcm sl 3,200 24.2500 3/31/03 bcm sl 2,700 24.4000 3/31/03 bcm sl 100 24.4070 4/1/03 bamco sl 15,400 24.4300 4/1/03 bcm sl 8,600 24.4300 4/1/03 bcm sl 800 24.4500 4/1/03 bcm sl 1,300 24.4300 4/2/03 bamco sl 13,000 24.6027 4/2/03 bamco sl 21,500 24.7392 4/2/03 bcm sl 1,300 24.6562 4/2/03 bcm sl 800 24.4827 4/3/03 bamco sl 11,600 24.9800 4/3/03 bamco sl 5,000 24.8078 4/3/03 bcm sl 5,000 24.9574 4/4/03 bamco sl 6,100 24.9027 4/4/03 bamco sl 14,500 24.7263 4/7/03 bamco sl 10,100 25.1650 4/7/03 bamco sl 20,100 25.0822 4/8/03 bamco sl 3,200 24.8000 4/8/03 bamco sl 33,100 24.6958 4/9/03 bamco sl 20,400 24.7352 4/10/03 bamco sl 900 24.2500 4/10/03 bamco sl 19,300 24.2706 4/10/03 bamco sl 5,000 24.2630 4/10/03 bcm sl 600 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 1,500 24.2706 4/10/03 bcm sl 400 24.2630 4/10/03 bcm sl 400 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 100 24.2706 4/10/03 bcm sl 600 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 1,200 24.2706 4/10/03 bcm sl 200 24.2630 4/10/03 bcm sl 5,800 24.2706 4/10/03 bcm sl 1,400 24.2630 4/10/03 bcm sl 400 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 400 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 400 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 1,500 24.3000 4/10/03 bcm sl 7,400 24.2706 4/10/03 bcm sl 1,800 24.2630 4/10/03 bcm sl 2,300 24.2706 4/10/03 bcm sl 500 24.2630 4/10/03 bcm sl 4,000 24.2706 4/10/03 bcm sl 1,000 24.2630 4/10/03 bcm sl 400 24.2706 4/10/03 bcm sl 100 24.2630 4/10/03 bcm sl 2,700 24.2706 4/10/03 bcm sl 600 24.2630 4/10/03 bcm sl 4,300 24.2706 4/10/03 bcm sl 1,100 24.2630 4/10/03 bcm sl 1,200 24.2706 4/10/03 bcm sl 200 24.2630 4/10/03 bamco sl 1,000 24.2706 4/10/03 bamco sl 200 24.2630 4/11/03 bamco sl 13,500 24.4146 4/11/03 bamco sl 12,700 24.4535 4/11/03 bcm sl 100 24.4500 4/11/03 bcm sl 500 24.5000 4/11/03 bcm sl 100 24.4500 4/11/03 bcm sl 2,500 24.5000 4/11/03 bcm sl 500 24.5000 4/11/03 bcm sl 100 24.4500 4/11/03 bcm sl 100 24.4500 4/11/03 bcm sl 300 24.4500 4/11/03 bcm sl 1,500 24.5000 4/11/03 bcm sl 100 24.5000 4/11/03 bcm sl 300 24.4500 4/11/03 bcm sl 200 24.4500 4/11/03 bcm sl 200 24.4500 4/11/03 bcm sl 200 24.4500 4/11/03 bcm sl 100 24.4500 4/11/03 bcm sl 100 24.4500 4/11/03 bamco sl 100 24.4500 4/14/03 bamco sl 18,500 24.2864 4/14/03 bamco sl 6,000 24.3205 4/14/03 bcm sl 11,500 24.2028 4/15/03 bamco sl 14,900 24.3763 4/15/03 bamco sl 10,100 24.4508 4/15/03 bcm sl 16,300 24.3864 4/15/03 bcm sl 2,200 24.4973 4/16/03 bamco sl 25,000 24.1000 4/17/03 bamco sl 23,400 23.8086 4/17/03 bcm sl 10,000 23.7628 4/21/03 bamco sl 1,600 23.7900 4/21/03 bamco sl 40,000 23.8831 4/22/03 bamco sl 10,000 23.9780 4/22/03 bamco sl 100,000 24.5900 4/23/03 bamco sl 5,800 24.9967 4/23/03 bamco sl 800 24.7125 4/24/03 bamco sl 4,200 23.9898 -----END PRIVACY-ENHANCED MESSAGE-----