-----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, S2J14Cl2MHU0ulfJOrjyPBUTQ1fwkIhhlpDfi7E1sGQAFSInhqTt+67pVaOsJzoQ eqkv3I7U0uozUXdt+0uV3A== 0001018146-98-000011.txt : 19980312 0001018146-98-000011.hdr.sgml : 19980312 ACCESSION NUMBER: 0001018146-98-000011 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980311 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUNBURST HOSPITALITY CORP CENTRAL INDEX KEY: 0001018146 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 521985619 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 5 SEC ACT: SEC FILE NUMBER: 001-11915 FILM NUMBER: 98563301 BUSINESS ADDRESS: STREET 1: 10770 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 BUSINESS PHONE: 3019795000 MAIL ADDRESS: STREET 1: 10770 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC DATE OF NAME CHANGE: 19970108 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS HOLDINGS INC DATE OF NAME CHANGE: 19960705 COMPANY DATA: COMPANY CONFORMED NAME: BAINUM STEWART JR CENTRAL INDEX KEY: 0001034261 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR IRS NUMBER: 213445874 FILING VALUES: FORM TYPE: 5 BUSINESS ADDRESS: STREET 1: 11555 DARNESTOWN ROAD CITY: GAITHERSBURG STATE: MD ZIP: 20878 BUSINESS PHONE: 3019794400 MAIL ADDRESS: STREET 1: 11555 DARNESTOWN ROAD CITY: GAITHERSBURG STATE: MD ZIP: 20878 5 1 FORM 5 - 12/97 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). ( ) Form 3 Holdings Reported ( ) Form 4 Transactions Reported 1. Name and Address of Reporting Person Bainum, Jr., Stewart 11555 Darnestown Road Gaithersburg, MD 20878 2. Issuer Name and Ticker or Trading Symbol Sunburst Hospitality Corporation SNB 3. IRS or Social Security Number of Reporting Person (Voluntary) ###-##-#### 4. Statement for Month/Year 12/97 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chairman 7. Individual or Joint/Group Reporting (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | |Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership | |Date |Code| | Beneficially |(D)or | | | | | | A/| | Owned at |Indir | | | | | Amount | D | Price | End of Year |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |- - |- - |- - |- -|- - |183,051 |I |Note 1 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |45,656 |I |Note 2 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |68,347 |I |Note 3 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |2,256 |I |Note 4 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |407,219 |I |Note 5 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |302,571 |I |Note 6 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |283,890 |I |Note 7 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |22,183 |I |Note 8 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |369,317 |I |Note 9 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |274,409 |I |Note 10 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |233,405 |I |Note 11 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |73,341 |I |Note 12 | - -----------------------------------------------------------------------------------------------------------------------------------| " " |- - |- - |- - |- -|- - |177,561 |i |Note 13 | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity | | | Amount | |ble | | | |Year |(I)| | ___________________________________________________________________________________________________________________________________| Common Stock Option (Rig|$3.4697 |10/15|D(14|105,000 |D | |11/2/|Common Stock|105,000| | |D | | ht to Buy) | |/97 |) | | | |98 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$1.7192 |10/15|A(15|35,000 |A |Note |11/2/|" "|35,000 | | |D | | " | |/97 |) | | |16 |98 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$3.1640 |10/15|D(14|75,000 |D | |11/2/|" "|75,000 | | |D | | " | |/97 |) | | | |99 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$1.5677 |10/15|A(15|22,500 |A |Note |11/2/|" "|22,500 | | |D | | " | |/97 |) | | |17 |99 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$3.6066 |10/15|D(14|45,000 |D | |10/23|" "|45,000 | | |D | | " | |/97 |) | | | |/00 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$1.7871 |10/15|A(15|12,002 |A |Note |10/23|" "|12,002 | | |D | | " | |/97 |) | | |18 |/00 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$4.7375 |10/15|D(14|45,000 |D | |10/31|" "|45,000 | | |D | | " | |/97 |) | | | |/01 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$2.3474 |10/15|A(15|10,500 |A |Note |10/31|" "|10,500 | | |D | | " | |/97 |) | | |19 |/01 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$7.7242 |10/15|D(14|30,000 |D | |10/21|" "|30,000 | | |D | | " | |/97 |) | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$3.8273 |10/15|A(15|6,500 |A |Note |10/21|" "|6,500 | | |D | | " | |/97 |) | | |20 |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$8.2744 |10/15|D(14|40,000 |D | |12/6/|" "|40,000 | | |D | | " | |/97 |) | | | |03 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$4.0999 |10/15|A(15|8,001 |A |Note |12/6/|" "|8,001 | | |D | | " | |/97 |) | | |21 |03 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$4.1168 |10/15|D(14|60,000 |D | |6/21/|" "|60,000 | | |D | | " | |/97 |) | | | |05 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$5.5083 |10/15|A(15|14,000 |A |Note |6/21/|" "|14,000 | | |D | | " | |/97 |) | | |22 |05 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$14.5095|10/15|D(14|60,000 |D | |7/1/0|" "|60,000 | | |D | | " | |/97 |) | | | |6 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| " |$7.1891 |10/15|A(15|12,002 |A |Note |7/1/0|" "|12,002 | | |D | | " | |/97 |) | | |23 |6 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________|
Explanation of Responses: Note 1: Shares held by the Stewart Banum, Declaration of Trust dated March 13, 1996 (the "Stewart Bainum, Jr. Trust"), the sole trustee and beneficiary of which is Mr. Bainum, Jr. Note 2: The proportionate interest of the Stewart Bainum, Jr. Trust in shares owned by Mid Pines Associates, L.P. Note 3: The proportionate interest of the Stewart Bainum, Jr. Grantor Retained Annuity Trust dated September 10, 1996, the sole trustee of which is Mr. Bainum, Jr. in shares in Mid Pines Associates, L.P. Note 4: The proportionate interest of various trusts, the beneficiaries of which are Mr. Bainum, Jr.'s two minor children in shares in Mid Pines Associates, L.P. Note 5: The proportionate interest in shares owned by Bainum Associates Limited Partnership. Mr. Bainum, Jr. is the Managing General Partner and has the sole right to dispose of such shares. Note 6: The proportionate interest in shares owned by MC Investments Limited Partnership. Mr. Bainum, Jr. is the Managing General Partner and has the sole right to dispose of such shares. Note 7: The proportionate interest of the Stewart Bainum, Jr. Trust in shares owned by Realty Investment Company, Inc., a real estate investment and management company in which Mr. Bainum, Jr. owns indirectly 23.8% of the outstanding common stock. Mr. Bainum, Jr.'s Trust has shared voting and dispositive control of such shares. Also includes 42,864 shares indirectly held through certain trusts for the benefit of Mr. Bainum, Jr.'s two minor children. Note 8: The proportionate interest of the Roberta Froom Irrevocable Trust in shares owned by Mid Pines Associates, L.P. Mr. Bainum, Jr. is a co-trustee and his sister is the beneficiary. Note 9: The proportionate interest of the Roberta Froom Irrevocable Trust in shares owned by Bainum Associates Limited Partnership. Mr. Bainum, Jr. is a co-trustee and his sister is the beneficiary. Note 10: The proportionate interest of the Roberta Froom Irrevoable Trust in shares owned by MC Investments Limited Partnership. mr. Bainum, Jr. is a co-trustee and his sister is the beneficiary. Note 11: The proportionate interest of the Roberta Froom Irrevocable Trust in shares owned by Realty Investment Company, Inc. Mr. Bainum, Jr. is a co-trustee and his nephews are the beneficiaries. Note 12: The proportionate interest of certain trusts in shares of Mid Pines Associates, L.P. for the benefit of Mr. Bainum, Jr.'s nephews. Mr. Bainum is the trustee and his nephews are the beneficiaries. Note 13: The proportionate interest in shares of Realty Investment Company, Inc. of certain trusts for the benefit of Mr. Bainum, Jr.'s nephews. Mr. Bainum, Jr. is the trustee and his nephews are the beneficiaries. Note 14: Cancellation of option in connection with grant of replacement option. Note 15: In connection with spin-off of business segment and 3 for 1 reverse stock split, existing option was repriced and the remainder of shares was adjusted. Note 16: The option is currently exercisable. Note 17: 18,000 options are currently exercisable; the remainder vest on 11/2/97. Note 18: 9,601 options are currently exercisble; the remainder vest on 10/23/98. Note 19: 6,300 options are currently exercisable; the remainder vest in two equal annual installments beginning on 10/31/98. Note 20: 2,600 options are currently exercisable; the remainder vest in three equal annual installments beginning on 10/21/98. Note 21: 1,600 options are currently exercisable; 800 options vest on 12/6/97 and 12/6/98; the remainder vest in three equal annual installments beginning on 12/6/99. Note 22: 5,600 options are currently exercisble; the remainder vest in three equal annual installments beginning on 6/21/98. Note 23: 2,400 options are currently exercisable; the remainder vest in four equal annual installments beginning on 7/1/98. SIGNATURE OF REPORTING PERSON Stewart Bainum, Jr. DATE 2/12/98 -----END PRIVACY-ENHANCED MESSAGE-----