Sec Form 4 Filing - TSANG YUEN WAI SAMUEL @ Entertainment Gaming Asia Inc. - 2016-07-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
TSANG YUEN WAI SAMUEL
2. Issuer Name and Ticker or Trading Symbol
Entertainment Gaming Asia Inc. [ EGT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
BLOCK D, 2ND FLOOR SKYSCRAPER, 132-142 TIN HAU TEMPLE RD, NORTH POINT
3. Date of Earliest Transaction (MM/DD/YY)
07/18/2016
(Street)
HONG KONG, K3--
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (right to buy) ( 1 ) $ 4.64 01/07/2010 D 3,125 07/08/2010 01/07/2020 Common Stock 3,125 $ 4.64 9,375 ( 2 ) D
Options (right to buy) ( 1 ) $ 5.76 02/03/2011 D 3,125 08/04/2011 02/03/2021 Common Stock 3,125 $ 5.76 9,375 ( 2 ) D
Options (right to buy) ( 1 ) $ 3.7 01/03/2012 D 6,250 07/04/2012 01/03/2022 Common Stock 6,250 $ 3.7 9,375 ( 2 ) D
Options (right to buy) ( 1 ) $ 7.86 01/02/2013 D 6,250 07/03/2013 01/02/2023 Common Stock 6,250 $ 7.86 9,375 ( 2 ) D
Options (right to buy) ( 1 ) $ 4.84 01/02/2014 D 6,250 07/03/2014 01/02/2024 Common Stock 6,250 $ 4.84 9,375 ( 2 ) D
Options (right to buy) $ 1.94 04/29/2016 A 25,000 04/29/2017( 3 ) 04/28/2026 Common Stock 25,000 $ 1.94 34,375 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TSANG YUEN WAI SAMUEL
BLOCK D, 2ND FLOOR SKYSCRAPER
132-142 TIN HAU TEMPLE RD, NORTH POINT
HONG KONG, K3--
X
Signatures
Samuel Tsang 07/18/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On 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.
( 2 )Represents options directly held by the reporting person, which are not being exchanged.
( 3 )Represents 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.

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