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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Options (Right To Buy) | $ 15.07 | 06/21/2006(4) | A | 200,000 | (3) | 06/21/2016 | Common Stock, $.10 par value per share | 200,000 | $ 0 (2) | 200,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HADDRILL RICHARD M 6601 S. BERMUDA ROAD LAS VEGAS, NV 89119 |
X | Chief Executive Officer |
Richard M. Haddrill | 07/28/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Grant of restricted stock pursuant to the Third Amendment to the Employment Agreement by and between Bally Technologies, Inc. (the "Company") and Richard Haddrill, dated as of June 20, 2006 (the "Amendment"). Per the terms of the Amendment, the restricted stock shall vest as follows: (i) 28.6% thereof or 26,499 shares vest on July 1, 2008 and (ii) 71.4% thereof or 66,155 shares vest on January 1, 2009, in each case subject to Mr. Haddrill's continuous employment as the Company's Chief Executive Officer through each such date. |
(2) | Granted as compensation for services under the Company's Amended and Restated 2001 Long Term Incentive Plan, as amended. |
(3) | Per the terms of the Amendment, the options shall vest as follows:(i) 66,667 shares vest on February 28, 2008, (ii) 66,667 shares vest on July 31, 2008, and (iii) 66,666 shares vest on January 1, 2009, in each case subject to Mr. Haddrill's continuous employment as the Company's Chief Executive Officer through each such date. |
(4) | This amendment is being filed to correct the grant date of the awards of restricted stock and employee stock options from June 20, 2006 to June 21, 2006, which was inadvertently misstated due to clerical error. As a result, also corrected are (i) the amount of restricted stock acquired and aggregate amount of common stock beneficially owned reflected in Table I, (ii) the exercise price and expiration date reflected in Table II and (iii) the date of earliest transaction. |