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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instructions 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Acres, John F. Acres Gaming Incorporated AGAM to Issuer (Check all applicable)
c/o Acres Gaming ---------------------------------------------- X Director X 10% Owner
- --------------------------------------------- 3. IRS or Social Security 4. Statement for ---- ---
(Last) (First) (Middle) Number of Reporting Month/Year X Officer (give Other (specify
815 NW 9th Street Person (Voluntary) March, 1998 ---- title --- below)
- --------------------------------------------- ------------------ below)
(Street) 5. If Amendment, Chairman of the Board, President
Corvallis, OR 97330 Date of Original and Chief Executive Officer
- --------------------------------------------- (Month/Year) --------------------------------
(City) (State) (Zip)
------------------ 7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One
---- Reporting Person
Form filed by More than
---- One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Direct 7. Nature
action tion or Disposed of (D) curities Benefi- (D) or of In-
Date cially Owned at Indirect direct
End of Month (I) Benefi-
cial
Owner-
Code V Amount A/ Price ship
D
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Common Stock 03/12/98 P 7,500 A $5.50 1,981,866 I *
$.01 Par Value 03/12/98 P 2,500 A $5.44 216,432 I **
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(Over)
(8/96)
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FORM 4 (CONTINUED) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
Exercise Date Code V Securities Ac- Expiration Securities Deriv-
Price of quired (A) or Date ative
Deriv- Disposed of (D) (Month/Day/ Secur-
ative Year) ity
Security
Date Expira-
Exer- tion Title and Number of
cisable Date Shares
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Employee Stk Option $3.50 Common Stock
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<S> <C> <C>
9. Number of 10. Direct (D) 11. Nature of
Derivative or Indirect (I) Indirect
Securities Beneficial
Beneficially Ownership
Owned at End
of Month
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160,000 D
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Explanation of Responses:
* By self as trustee for the John and JoAnn Acres 1989 Living Trust.
** Held by a custodian fbo the reporting person's minor children. The reporting
person does not exercise any discretionary control over such shares and
disclaims any beneficial ownership thereof.
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SEC 1474 (7/96)
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SIGNATURE OF REPORTING PERSON
/s/ John F. Acres, by Robert W. Brown, Attorney in Fact
DATE
4/10/98
