SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MIRGON THOMAS

(Last)

(First)

(Middle)

10750 COLUMBIA PIKE

(Street)

SILVER SPRING

20901

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CHOICE HOTELS INTERNATIONAL INC /DE [ CHH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP, HR & Admin

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (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 (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/31/2005		M		33,750	A	$7.4218	81,973.3	D
Common Stock	10/31/2005		M		14,430	A	$6.3125	96,403.3	D
Common Stock	10/31/2005		M		74,250	A	$8.375	170,653.3	D
Common Stock	10/31/2005		M		19,000	A	$6.5221	189,653.3	D
Common Stock	10/31/2005		S		1,000	D	$33	188,653.3	D
Common Stock	10/31/2005		S		10,000	D	$33.1047	178,653.3	D
Common Stock	10/31/2005		S		10,000	D	$33.1117	168,653.3	D
Common Stock	10/31/2005		S		8,000	D	$33.1321	160,653.3	D
Common Stock	10/31/2005		S		7,000	D	$33.1329	153,653.3	D
Common Stock	10/31/2005		S		10,400	D	$33.1387	143,253.3	D
Common Stock	10/31/2005		S		4,300	D	$33.1886	138,953.3	D
Common Stock	10/31/2005		S		10,000	D	$33.1929	128,953.3	D
Common Stock	10/31/2005		S		300	D	$33.2	128,653.3	D
Common Stock	10/31/2005		S		14,700	D	$33.2074	113,953.3	D
Common Stock	10/31/2005		S		12,130	D	$33.2706	101,823.3	D
Common Stock	10/31/2005		S		15,000	D	$33.2934	86,823.3	D
Common Stock	10/31/2005		S		1,400	D	$33.3086	85,423.3	D
Common Stock	10/31/2005		S		15,000	D	$33.32	70,423.3	D
Common Stock	10/31/2005		S		3,200	D	$33.5347	67,223.3	D
Common Stock	10/31/2005		S		2,000	D	$33.0986	65,223.3	D
Common Stock								3,294	I	401 (k) Plan
Common Stock								1,038	I	Non-Qualified Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option	$7.4218	10/31/2005		M		33,750		⁽¹⁾	01/26/2008	Common Stock	33,750	$0	0	D
Employee Stock Option	$6.3125	10/31/2005		M		14,430		⁽¹⁾	02/01/2009	Common Stock	14,430	$0	0	D
Employee Stock Option	$8.375	10/31/2005		M		74,250		⁽¹⁾	02/07/2010	Common Stock	74,250	$0	0	D
Employee Stock Option	$6.5221	10/31/2005		M		19,000		⁽¹⁾	02/25/2007	Common Stock	19,000	$0	4,956	D

Explanation of Responses:

1. Options vest in five equal installments beginning on the first anniversary of the grant date.

Remarks:

On October 21, 2005, the common stock of Choice Hotels International, Inc. split 2-for-1. This report reflects post-split amounts.

	Tom Mirgon	11/02/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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