Form: 4/A

Statement of changes in beneficial ownership of securities

February 10, 2000

4/A: Statement of changes in beneficial ownership of securities

Published on February 10, 2000


------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940

[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).

- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*

Kellman Franklin S.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)

900 Victors Way, Suite 350
- --------------------------------------------------------------------------------
(Street)

Ann Arbor MI 48108
- --------------------------------------------------------------------------------
(City) (State) (Zip)


- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol


Omega Healthcare Investors, Inc. (OHI)
- --------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)



- --------------------------------------------------------------------------------
4. Statement for Month/Year



- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)

December, 1999
================================================================================
6. Relationship of Reporting Person to Issuer
(Check all applicable)

[ ] Director [_] 10% Owner
[x] Officer (give title below) [_] Other (specify below)

Chief Operating Officer
- --------------------------------------------------------------------------------
7. 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
================================================================================



6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------


Common Stock 12/01/99 S* 18,157 D $16.3125 14,991 D
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
*Private transaction involving full settlement of principal balance of note payment to issuer totaling $296,186.
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================

* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

(Print or Type Responses)
(Over)
(Form 4-07/98)



FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)

================================================================================


10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
- ------------------------------------------------------------------------------------------------------------------------------------



Options (right
to buy) 27,880
- ------------------------------------------------------------------------------------------------------------------------------------
Options (right to
buy) $34.7948 12/30/99 D* V 35,000 * * Common 35,000 0
- ------------------------------------------------------------------------------------------------------------------------------------
Options (right to
buy) $30.2103 12/30/99 D* V 26,463 * * Common 26,463 0
- ------------------------------------------------------------------------------------------------------------------------------------
Options (right to
buy) $30.1875 12/30/99 D* V 27,500 * * Common 27,500 0
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================

Explanation of Responses:
*In exchange for a payment of $8,035.93, representing $.06 per option share
as to the $34.7948 grant and $.11 per option share for the $30.2103 and
$30.1875 grants, the expiration date of outstanding options was accelerated
to December 2, 1999.


/s/ F. Scott Kellman February 10, 2000
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date


** 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 provided is insufficient, see Instruction 6 for procedure.


Page 2