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OMB APPROVAL
FORM 3 OMB Number..3235-0104
Expires:December 31, 2001
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
Huntley William J.
c/o Autotote Corporation
220 South Continental Drive, Suite 407
Newark DE 19713
2. Date of Event Requiring Statement (Month/Day/Year)
09/06/00
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Autotote Corporation ("TTE")
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Class A Common Stock, $.01 par value | | | |
per share | 24,078 | D | |
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*If form is filed by more than one reporting person, see Instruction 5(b)(v). (over)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-96)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | |
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Option to Purchase | (1) |12-12-01 | Common Stock | 25,000 |$1.59 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (2) |12-07-02 | Common Stock | 30,000 |$4.84 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (3) |12-13-05 | Common Stock | 50,000 |$3.00 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (4) |12-16-06 | Common Stock | 75,000 |$1.0625 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (5) |10-26-07 | Common Stock | 50,000 |$2.25 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (6) |05-20-08 | Common Stock | 20,000 |$2.75 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (7) |02-17-09 | Common Stock | 29,000 |$1.75 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (8) |12-30-09 | Common Stock | 14,000 |$3.50 | D | |
Common Stock | | | | | | | |
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Option to Purchase | (9) | (9) | Common Stock | 6,544 | (9) | D | |
Common Stock | | | | | | | |
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Option to Purchase | (10) |09-05-10 | Common Stock |150,000 |$3.50 | D | |
Common Stock | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) The option became exercisable in three equal annual installments
beginning on December 13, 1992.
(2) The option became exercisable in three equal annual installments
beginning on December 8, 1993.
(3) The option became exercisable in four equal annual installments
beginning on December 14, 1996.
(4) The option became exercisable as to 18,750 shares on each of December
17, 1997, 1998 and 1999, and becomes exercisable as to the remaining
18,750 shares on December 17, 2000.
(5) The option became exercisable as to 12,500 shares on each of October
27, 1998 and 1999, and becomes exercisable as to 12,500 shares on each
of October 27, 2000 and 2001.
(6) The option became exercisable as to one-quarter of the shares on each
of May 21, 1999 and 2000, and becomes exercisable as to 5,000 shares on
each of May 21, 2001 and 2002.
(7) The option became exercisable as to 7,250 shares on February 18, 2000,
and becomes exercisable as to 7,250 shares on each of February 18,
2001, 2002 and 2003.
(8) The option will become exercisable in four equal annual installments
beginning on December 31, 2000.
(9) One-fifth of the securities will vest, and the equivalent number of
shares will be issued, on each of May 26, 2001, 2002, 2003, 2004 and
2005, or on an accelerated basis if certain price minimums are
achieved, in the event of termination of employment due to death,
disability or retirement, or in the event of a consolidation or merger
of the Company or a sale of substantially all of the Company's assets.
(10) The option will become exercisable in four equal annual installments
beginning on September 6, 2001.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ William J. Huntley September 15, 2000
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**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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SEC 1473 (3-99)
