SEC Form 4 · accession 0001179110-16-027704
Entertainment Gaming Asia Inc. · EGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yuen Wai Samuel Tsang
Director
Period of report
Jul 18, 2016
Accepted (ET)
Jul 18, 2016 · 10:48 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001004673
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F1,F2 | $4.64 | Jan 7, 2010 | D | 3,125 | D | Jul 8, 2010 | Jan 7, 2020 | Common Stock | 3,125 | 9,375 | D |
| Options (right to buy)F1,F2 | $5.76 | Feb 3, 2011 | D | 3,125 | D | Aug 4, 2011 | Feb 3, 2021 | Common Stock | 3,125 | 9,375 | D |
| Options (right to buy)F1,F2 | $3.70 | Jan 3, 2012 | D | 6,250 | D | Jul 4, 2012 | Jan 3, 2022 | Common Stock | 6,250 | 9,375 | D |
| Options (right to buy)F1,F2 | $7.86 | Jan 2, 2013 | D | 6,250 | D | Jul 3, 2013 | Jan 2, 2023 | Common Stock | 6,250 | 9,375 | D |
| Options (right to buy)F1,F2 | $4.84 | Jan 2, 2014 | D | 6,250 | D | Jul 3, 2014 | Jan 2, 2024 | Common Stock | 6,250 | 9,375 | D |
| Options (right to buy)F3 | $1.94 | Apr 29, 2016 | A | 25,000 | A | Apr 29, 2017 | Apr 28, 2026 | Common Stock | 25,000 | 34,375 | D |
Explanation of responses
- F1On April 29, 2016, the Compensation Committee of the Board of Directors of the Company approved a voluntary stock option exchange program for its employees, directors and certain others, which became effective on July 18, 2016. Under the terms of the program, the participants had the opportunity to cancel certain of their existing underwater outstanding stock options (i.e., options with exercise prices that are higher than the current market trading price of the common stock) in exchange for a replacement option grant for an equal number of shares.
- F2Represents options directly held by the reporting person, which are not being exchanged.
- F3Represents replacement options which vest over three years, vesting 50% on the first anniversary and 25% on each of the second and third anniversaries of grant date.