X0304 4 2012-01-03 0 0001052595 Red Lion Hotels CORP RLH 0001199279 BRANDSTROM RAYMOND R C/O EMERITUS CORPORATION 3131 ELLIOTT AVE., SUITE 500 SEATTLE WA 98121 1 0 0 0 Common Stock 2012-01-03 4 A 0 1166 A 19919 D Represents first quarter 2012 director fees of $8,162.88 (after withholding for State B&O taxes), based on the closing price of our common stock on January 3, 2012 of $7.00. Not applicable. /s/ Julie Langenheim, Attorney-in-fact 2012-01-05