SEC Form 4 · accession 0001179110-17-009460

Entertainment Gaming Asia Inc. · EGT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Jun 21, 2017

Accepted (ET)

Jun 22, 2017 · 4:23 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001004673

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options (right to buy)^F1,F2,F3	$1.94	Jun 21, 2017	M	35,001	D	Apr 29, 2017	Apr 28, 2026	Common stock	35,001	6,250	D
Options (right to buy)^F1,F3	$1.28	Jun 21, 2017	M	6,250	D	Dec 11, 2009	Dec 11, 2018	Common stock	6,250	0	D

F1On May 5, 2017, Melco International Development Limited (Melco), through its wholly-owned subsidiary EGT Nevada Holding Inc. ("EGT Nevada"), filed an unsolicited cash tender offer to acquire all of the outstanding shares of common stock, $0.001 par value, of Entertainment Gaming Asia Inc. (EGT), other than the shares owned by Melco or its affiliates, at a price of $2.35 net per share. On June 13, 2017, the tender offer closed and on June 21, 2017, Melco effected a short-form merger of EGT Nevada into EGT. In connection with the short-form merger, the vesting of all unvested EGT stocks options was accelerated and all EGT stock options were cancelled and the in-the-money options were cashed out at $2.35 less the exercise price.
F2These options were to vest over three years, 50% on the first anniversary and 25% on each of the second and third anniversaries of grant date. However, in connection with the short-form merger, all of these options became vested and exercisable as of June 21, 2017.
F3Represents the original expiration date. However, in connection with the short-form merger, all of these options were cancelled as of June 21, 2017.