PROGRESSIVE GAMING INTERNATIONAL CORP 4

4 · PROGRESSIVE GAMING INTERNATIONAL CORP · Filed Apr 29, 2008

Form 4

Period: 2007-08-30

DirectorCEO & President

Transactions

Exercise/Conversion
Common Stock
2007-08-30+8,333→ 173,682 total
Tax Payment
Common Stock
2007-08-30$5.01/sh−2,204$11,042→ 171,478 total
Exercise/Conversion
Restricted Stock Award
2007-08-30−8,333→ 16,667 total
Exercise: $0.00Exp: 2009-08-30→ Common Stock (8,333 underlying)
Award
Stock Option (Right to Buy)
2008-02-22+281,000→ 281,000 total
Exercise: $2.67Exp: 2015-02-22→ Common Stock (281,000 underlying)

Footnotes (3)

[F1]1/48th of the shares subject to the option vested and became exercisable on March 22, 2008, with the remaining shares vesting in equal monthly installments over the next four (4) years, such that all shares subject to the option will be fully vested and exercisable on February 22, 2012.
[F2]1/3 of the shares vested on August 30, 2007, with the remaining shares vesting in equal annual installments over the next two (2) years, such that all shares will be fully vested on August 30, 2009.
[F3]The disposal represents shares withheld by the Company to satisfy tax withholding obligation on vesting of 8,333 shares of a restricted stock award granted on September 30, 2006.

Documents

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