FORM 4
X Check this box if no longer
_ subject to Section 16. Form 4 or
Form 5 obligations may continue.
See instruction 1(b).
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
INITIAL STATEMENT OF 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(f) of the Investment Company Act of 1940
________________________________________________________________________________
1. Name and Address of Reporting Person*
Kornstein Don R.
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(Last) (First) (Middle)
1110 Palms Airport Drive
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(Street)
Las Vegas NV 89119
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(City) (State) (Zip)
Jackpot Enterprises, Inc. (J)
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2. Issuer Name and Ticker or Trading Symbol
###-##-####
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
February 2000
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4. Statement for Month/Year
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by 1 Reporting Person
[_] Form filed by more than 1 Reporting Person
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1474(3-99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ------------------ or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option to buy
Common Stock $9.25 09/08/1995 09/08/2004 Common 233,333 233,333 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $9.25 09/08/1996 09/08/2004 Common 233,333 233,333 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $9.25 09/08/1997 09/08/2004 Common 233,334 233,334 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $10.75 09/30/1995 06/30/2000 Common 27,500 27,500 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $10.00 09/30/1996 06/30/2001 Common 27,500 27,500 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $11.50 09/30/1997 06/30/2002 Common 27,500 27,500 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $ 9.9375 09/30/1998 06/30/2003 Common 27,500 27,500 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $ 8.75 09/30/1999 06/30/2004 Common 27,500 27,500 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $ 9.00 02/29/2000 09/14/2009 Common 15,000 15,000 D
Stock
Par
Value
$.01
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Option to buy
Common Stock $ 9.00 02/29/2000 09/14/2009 Common 15,000 15,000 D
Stock
Par
Value
$.01
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</TABLE>
Explanation of Responses:
/s/ Don R. Kornstein 3/09/2000
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**Signature of Reporting Person Date
** 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 provided is insufficient, see Instruction 6 for procedure.
