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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Chung Clarence YM
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
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

38/F THE CENTRIUM, 60 WYNDHAM STREET, CENTRAL
3. Date of Earliest Transaction (MM/DD/YYYY)

3/4/2014
(Street)

HONG KONG, F4 F4 0
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. 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
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common stock   3/4/2014     D    17500   (1) D $0   805904   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $1.211   3/4/2014     D         35000   (3)   1/2/2017   1/2/2024   Common stock   35000   (3) $0   1210000   (4) D    

Explanation of Responses:
( 1)  Represents shares forfeited by the Reporting Person. In January 2013, the Compensation Committee of the Issuer awarded the Reporting Person 50,000 shares of restricted common stock subject to forfeiture based on the Issuer's achievement of certain performance conditions. On March 4, 2014, the Compensation Committee of the Issuer determined that the performance conditions had not been fully met and that 17,500 shares previously issued to the Reporting Person should be forfeit and returned for cancellation.
( 2)  Includes 50,000 shares subject to vesting and risk of forfeiture based on the Company's ability to meet certain financial and non-financial performance targets as of and for the fiscal year ending December 31, 2014. The determination of the vesting or forfeiture of the shares shall be made by the Compensation Committee of the Company's Board of Directors.
( 3)  Represents options forfeited by the Reporting Person. In January 2013, the Compensation Committee of the Issuer awarded the Reporting Person 100,000 shares of options subject to vesting and forfeiture based on the Issuer's achievement of certain performance conditions. On March 4, 2014, the Compensation Committee of the Issuer determined that the performance conditions had not been fully met and that 35,000 options previously issued to the Reporting Person should be forfeit and returned for cancellation.
( 4)  Includes 100,000 options subject to vesting and risk of forfeiture based on the Company's ability to meet certain financial and non-financial performance targets as of and for the fiscal year ending December 31, 2014. The determination of the vesting or forfeiture of the options shall be made by the Compensation Committee of the Company's Board of Directors.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Chung Clarence YM
38/F THE CENTRIUM
60 WYNDHAM STREET, CENTRAL
HONG KONG, F4 F4 0
X
Chief Executive Officer

Signatures
Clarence Chung 3/5/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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