UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person MAGGARD, RONALD B. 10370 HEMET STREET SUITE 240 RIVERSIDE, CA 92503 U.S.A. 2. Issuer Name and Ticker or Trading Symbol CHECKERS DRIVE-IN RESTAURANTS, INC. (CHKR) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year JANUARY 2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( X ) Director ( ) 10% Owner ( ) Officer (Give Title Below) ( ) Other (Specify Below) 40: 7. Individual or Joint/Group Filing (Check Applicable) (X ) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHECKERS DRIVE-IN RESTAURANTS, INC. CENTRAL INDEX KEY: 0000879554 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 581654960 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 SEC FILE NUMBER: 000-19649 BUSINESS/MAILING ADDRESS: STREET 1: 4300 WEST CYPRESS STREET, SUITE 600 CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8132837000 Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned Title of Non-Derivative Security Transaction Date Transaction Code Security Amount Securities Acquired/ Disposed (A/D) Securities Price Amount Beneficially Owned at End of the Month Ownership Direct or Indirect Nature of Indirect Beneficial Ownership Common Stock 01/17/02 S 4,000 D $6.2450 D Common Stock 01/18/02 S 2,000 D $6.0250 D Common Stock 01/18/02 S 4,000 D $6.1750 D Common Stock 01/18/02 S 500 D $6.1250 D Common Stock 01/18/02 S 500 D $6.0750 D Common Stock 01/22/02 S 4,000 D $6.1713 D Common Stock 01/22/02 S 1,000 D $6.2050 D Common Stock 01/23/02 S 500 D $6.1350 D Common Stock 01/23/02 S 500 D $6.3000 D Common Stock 01/23/02 S 2,000 D $6.1250 D Common Stock 01/23/02 S 1,000 D $6.1650 D Common Stock 01/23/02 S 1,000 D $6.1750 D Common Stock 01/28/02 S 2,000 D $6.1854 32,655 D Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) Title of Derivative Security Conversion or Exercise Price Transaction Date Transaction Code Securities Acquired/ Disposed Date Exercisable Expiration Date Title Number of Shares Price of Security Number Beneficially Owned End of Month Ownership Direct or Indirect Nature of Indirect Beneficial Ownership Common Stock (Right to Buy) $6.42 01/02/02 A A 01/02/02 01/02/12 C 1,667 53,334 D Explanation of Responses: ______________________________________________ ______________ Signature of Reporting Person Date