Carrette Elisabeth 4
4 · Gaming Partners International CORP · Filed Dec 22, 2006
Insider Transaction Report
Form 4
Carrette Elisabeth
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2006-12-20$3.40/sh+4,000$13,600→ 3,977,216 total(indirect: By Estate of Francios Carrette) - Exercise/Conversion
Option/Right to Buy
2006-12-20−4,000→ 0 total(indirect: By Estate of Francois Carrette)Exercise: $3.40Exp: 2006-12-23→ Common Stock (4,000 underlying)
Holdings
- 352
Common Stock
- 4,000
Option/Right to Buy
Exercise: $12.81Exp: 2015-01-27→ Common Stock (6,000 underlying)
Footnotes (2)
- [F1]On December 20, 2006, pursuant to the terms of options granted to Mr. Francois Carrette under Gaming Partners International Corporation's (the "Company's") 1994 Long-Term Incentive Plan (the "Plan"), Mrs. Carrette exercised her rights (indirectly through the estate of Mr. Carrette) to purchase 4,000 shares of common stock of the Company at an exercise price of $3.40 per share. As previously reported, on September 12, 2002, the Company granted Mr. Carrette the options to purchase 6,000 shares of the Company's common stock pursuant to the Plan. The grant was exempt under Rule 16b-3. The options were subject to vesting in equal installments over a three-year period with the first one-third vesting on September 12, 2003. At the time of Mr. Carrette's death on December 24, 2004, the options were fully vested and exercisable as to 4,000 shares.
- [F2]As previously reported, on January 27, 2005, the Company granted Mrs. Carrette options to purchase 6,000 shares of the Company's common stock pursuant to the Plan. The grant was exempt under Rule 16b-3. The options vest in equal installments over a three-year period with the first one-third installment vesting on January 27, 2006.