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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)
Acres Gaming Incorporated
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
004936100
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(CUSIP Number)
February 19, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 004936100
- --------------------------------------------------------------------------------
1. Name of reporting person: John and Jo Ann Acres 1989 Living Trust
I.R.S. identification no. of above person: I.R.S. Identification number is
voluntarily withheld
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group:
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC use only
- --------------------------------------------------------------------------------
4. Citizenship or place of organization: United States of America
- --------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power: 1,878,866 shares
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6. Shared Voting Power: -0- shares
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7. Sole Dispositive Power: 1,878,866 shares
- --------------------------------------------------------------------------------
8. Shared Dispositive Power: -0- shares
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9. Aggregate amount beneficially owned by each reporting person: 1,878,866
shares
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares
[ ]
- --------------------------------------------------------------------------------
11. Percent of class represented by amount in row (9): 21.1%
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12. Type of Reporting person: OO
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CUSIP No. 004936100
- --------------------------------------------------------------------------------
1. Name of reporting person: Jo Ann Acres
I.R.S. identification no. of above person: I.R.S. Identification number is
voluntarily withheld
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group:
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC use only
- --------------------------------------------------------------------------------
4. Citizenship or place of organization: United States of America
- --------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power: 7,500 shares of common stock subject to stock options
exercisable within 60 days of December 31, 1999
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6. Shared Voting Power: 1,878,866 shares
- --------------------------------------------------------------------------------
7. Sole Dispositive Power: 7,500 shares of common stock subject to stock
options exercisable within 60 days of
December 31, 1999
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8. Shared Dispositive Power: 1,878,866 shares
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9. Aggregate amount beneficially owned by each reporting person: 1,886,366
shares
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares
(X)
Does not include 184,288 shares held by the Reporting Person's children and
by another as custodian for the Reporting Person's children. The Reporting
Person disclaims beneficial ownership of said shares.
- --------------------------------------------------------------------------------
11. Percent of class represented by amount in row (9): 21.2%
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12. Type of Reporting person: IN
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CUSIP No. 004936100
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1. Name of reporting person: John F. Acres
I.R.S. identification no. of above person: I.R.S. Identification number is
voluntarily withheld
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group:
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC use only
- --------------------------------------------------------------------------------
4. Citizenship or place of organization: United States of America
- --------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power: -0- shares
- --------------------------------------------------------------------------------
6. Shared Voting Power: 1,878,866 shares
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7. Sole Dispositive Power: -0- shares
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8. Shared Dispositive Power: 1,878,866 shares
- --------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person: 1,886,366
shares
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares
[X]
Excludes 184,288 shares held by the Reporting Person's children and by
another as custodian for the Reporting Person's children. The Reporting
Person disclaims beneficial ownership of said shares.
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11. Percent of class represented by amount in row (9): 21.1%
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12. Type of Reporting person: IN
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Item 1. (a) Name of Issuer: Acres Gaming Incorporated
(b) Address of Issuer's Principal Executive Offices: 7115 Amigo Street,
Suite 150, Las Vegas, NV 89119
Item 2. (a) Name of Person Filing: John F. Acres and Jo Ann Acres as trustees
for the John and Jo Ann Acres 1989 Living Trust
(b) Address of Principal Business Office or, if none, Residence: 4386
NW Crescent Valley Drive, Corvallis, Oregon 97330
(c) Citizenship: United States of America
(d) Title of Class of Securities: Common Stock, $.01 par value
(d) Cusip Number: 004936100
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b) (1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount Beneficially Owned: 1,878,866*
(b) Percent of Class: 21.1%*
(c) Number of shares as to which such person has:
(1) sole power to vote or to direct the vote: -0- shares*
(2) shared power to vote or to direct the vote: 1,878,866* shares
(3) sole power to dispose or to direct the disposition of: -0- shares*
(4) shared power to dispose or to direct the disposition of:
1,878,866* shares
*Consists of shares held by the John and Jo Ann Acres 1989 Living Trust
of which John F. Acres and Jo Ann Acres act as trustees. Excludes
184,288 shares held by the Reporting Persons' children and by another
as custodian for the Reporting Persons' children for which the
Reporting Persons disclaim beneficial ownership. Excludes 7,500 shares
of common stock subject to options exercisable within 60 days of
December 31, 1999 held by Jo Ann Acres as to which she has sole voting
and dispositive power.
Item 5. Ownership of Five Percent or Less of a Class: Not applicable.
Item 6. Ownership of More than Five/Ten Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group: see
Exhibit A
Item 9. Notice of Dissolution of Group: Not applicable.
Item 10. Certification: Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 11, 2000
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Signature: JOHN AND JO ANN ACRES
1989 LIVING TRUST
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Name/Title: by /s/ John F. Acres, its Trustee by
Reed M. Alewel, Attorney in Fact (1)
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Signature: /s/ John F. Acres
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Name/Title: John F. Acres by Reed M. Alewel,
Attorney in Fact (1)
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Signature: /s/ Jo Ann Acres
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Name/Title: Jo Ann Acres by Reed M. Alewel,
Attorney in Fact (2)
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(1) Power of attorney
I, /s/John F. Acres, hereby make, constitute, and appoint Floyd W. Glisson and
Reed M. Alewel, or either of them acting alone, with full power of substitution
and revocation, my true and lawful attorney, to prepare for me, execute in my
name, and file with the Securities and Exchange Commission reports of my
beneficial ownership of shares of common stock of Acres Gaming Incorporated,
giving said attorney full power and authority to take all necessary action in
connection therewith, as fully as I could do if personally present, and I hereby
ratify and confirm all that said attorney or his substitute or substitutes shall
lawfully do or cause to be done for me and in my name by virtue of this Power of
Attorney.
Dated: 1 July, 1999
(2) Power of attorney
I, /s/Jo Ann Acres, hereby make, constitute, and appoint Floyd W. Glisson and
Reed M. Alewel, or either of them acting alone, with full power of substitution
and revocation, my true and lawful attorney, to prepare for me, execute in my
name, and file with the Securities and Exchange Commission reports of my
beneficial ownership of shares of common stock of Acres Gaming Incorporated,
giving said attorney full power and authority to take all necessary action in
connection therewith, as fully as I could do if personally present, and I hereby
ratify and confirm all that said attorney or his substitute or substitutes shall
lawfully do or cause to be done for me and in my name by virtue of this Power of
Attorney.
Dated: 1 July, 1999
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EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly, pursuant to Rule
13d-1 of the Act, the amended statement dated February 11, 2000, containing the
information required by Schedule 13G, for the shares of Acres Gaming
Incorporated held by them.
Date: February 11, 2000
Signature: /s/ John F. Acres
-----------------------------
Name/Title: John F. Acres by
Reed M. Alewel,
Attorney in Fact
Signature: /s/ Jo Ann Acres
----------------------------
Name/Title: Jo Ann Acres by
Reed M. Alewel,
Attorney in Fact
Signature: JOHN AND JO ANN ACRES
1989 LIVING TRUST
----------------------------
Name/Title: By: /s/ John F. Acres, its
Trustee by Reed M. Alewel,
Attorney in Fact
----------------------------
