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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. NAME AND ADDRESS OF REPORTING PERSON
Acres, John F.
c/o Acres Gaming
815 NW 9th Street
Corvallis, OR 97330
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Acres Gaming Incorporated
AGAM
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
4. STATEMENT FOR MONTH/YEAR
November, 1998
5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR)
6. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK
ALL APPLICABLE)
(X) Director (X) 10% Owner (X) Officer (give
title below) ( ) Other (specify below)
Chairman of the Board
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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<S> <C> <C> <C> <C> <C> <C>
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 Code V cially Owned at Indirect direct
End of Month (I) Benefi-
cial
Owner-
Amount (A/) Price ship
(D)
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Common Stock 11/20/98 P 1,400 A $3.69 1,848,866 I *
$0.01 Par Value 11/20/98 P 3,100 A $3.63 279,432 I **
11/20/98 P 1,000 A $3.50
11/20/98 P 500 A $3.81
11/20/98 P 2,900 A $3.88
11/20/98 P 1,100 A $3.75
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Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of 2.Con- 3. 4. 5.Number of De 6.Date Exer 7.Title and Amount 8.Price 9.Number 10. 11.Nature of
Derivative version Transaction rivative Secu cisable and of Underlying of Deri of Deriva Dir Indirect
Security or Exer rities Acqui Expiration Securities vative tive ect Beneficial
cise red(A) or Dis Date(Month/ Secu Securities (D) Ownership
Price of posed of(D) Day/Year) rity Benefi or
Deriva- Date Expir cially Ind
tive A/ Exer ation Title and Number Owned at ire
Secu- D cisa Date of Shares End of ct
rity Date Code V Amount ble Month (I)
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Employee Stk Option $3.50 *** Common Stock 160,000 D
(Right to Buy)
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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.
*** Option vests as to 26,666 shares on each of 8/1/97, 2/1/98 and 8/1/98 and as
to 26,670 shares on 2/1/99.
SIGNATURE OF REPORTING PERSON
/s/ John F. Acres, by Robert W. Brown, Attorney in Fact
DATE
12/10/98
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