SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Renschler Scott Arnold

(Last) (First) (Middle)
8171 MAPLE LAWN BLVD
SUITE 375

(Street)
FULTON MD 20759

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/11/2008
3. Issuer Name and Ticker or Trading Symbol
CHOICE HOTELS INTERNATIONAL INC /DE [ CHH ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 81,845 I See Footnote(1)
Common Stock 109,519 I See Footnote(2)
Common Stock 573,896 I See Footnote(3)
Common Stock 7,978 I See Footnote(4)
Common Stock 3,678 I See Footnote(5)
Common Stock 120,849 I See Footnote(6)
Common Stock 118,890 I See Footnote(7)
Common Stock 86,220 I See Footnote(8)
Common Stock 1,512 D(9)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares owned by the Scott Renschler Declaration of Trust ("Scott Trust") in which Mr. Renschler is the sole trustee.
2. The proportionate interest of the Scott Trust in shares (1,200,000) owned by MidPines Associates, L.P. ("MidPines").
3. The proportionate interest of the Scott Trust in shares (7,135,738) owned by Realty Investment Company, Inc. ("Realty") a real estate investment and managment company in which Mr. Renschler is a non-controlling shareholder.
4. Shares owned by various trusts, the beneficiaries of which are Mr. Renschler's two minor children.
5. The proportionate interest of various trusts, the beneficiaries of which are Mr. Renschler's two minor children in shares (1,200,000) owned by MidPines.
6. Shares owned by a trust for the benefit of Mr. Renschler's cousins, for which Mr. Renschler is the Trustee. Beneficial ownership is disclaimed.
7. The proportionate interest of a trust for the benefit of Mr. Renschler's cousins in shares (1,200,000) owned by MidPines. Mr. Renschler is the trustee. Beneficial ownership is disclaimed
8. The proportionate interest of a trust for the benefit of Mr. Renschler's cousin in shares (7,135,738) owned by Realty Investment Company, Inc., a real estate investment and management company in which Mr. Renschler is a non-controlling shareholder. Mr. Renschler is the trustee of the cousin's trust.
9. Mr. Renschler's interest in the Non-Employee Director Compensation Plan of the Issuer
Christine A. Shreve, Attorney-in-fact 02/21/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.