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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
7115 Amigo Street, Suite 150
Las Vegas, Nevada 89119
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
October 1999
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
<TABLE>
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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. 3. 4.Securities Acquired (A) or 5.Amount of 6.Dir- 7.Nature of Indirect
Transaction Disposed of (D) Securities ect Beneficial Ownership
Beneficially (D)or
A/ Owned at Indir-
Date Code V Amount D Price End of Month ect(I)
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Common Stock 10/29/99 P 4,600 A $1.19 1,873,866 I *
$.01 Par Value 10/29/99 P 5,400 A $1.25 184,288 I **
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</TABLE>
<TABLE>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.Title of 2.Con- 3. 4. 5.Number of 6.Date Exer- 7.Title and 8.Price 9.Number 10. 11.Nature
Derivative version Derivative cisable and Amount of of Deri- of Deriva- Owner- of
Security or Exer Securities Expiration Underlying vative tive ship Indirect
cise Acquired (A) Date Securities Security Securities form Bene-
Price of or Disposed Amount Beneficial- of Sec- ficial
Deriva- of (D) Date Expir- or ly urities ownership
tive Trans- Exer ation Number Owned at owned
Secu- Transaction action cisa Date of End of at mo.
rity Date Code V (A) (D) ble Title Shares Month end
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Common
Stock Option $3.50 2/1/99 2/1/06 Stock 160,000 160,000 D
Common
Stock Option $6.94 *** 6/19/07 Stock 7,500 7,500 I By Spouse
Common
Stock Option $3.63 **** 11/18/08 Stock 2,500 2,500 I By Spouse
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</TABLE>
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. Effective with this
Form 4, indirect beneficial ownership is no longer claimed on 95,411
shares owned by one of Mr. Acres' children.
*** Option vests as to 1,875 shares on each of 6/19/97, 6/19/98, 6/19/99 and
6/19/00.
**** Option vests as to 625 shares on each of 11/18/98, 11/18/99, 11/18/00,
11/18/01.
SIGNATURE OF REPORTING PERSON
/s/ John F. Acres, by Reed M. Alewel, Attorney in Fact
DATE
