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- ----------------- U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
| F O R M 4 | Washington, D.C. 20549 | OMB APPROVAL |
- ----------------- |--------------------------|
[ ] Check this box if no STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0287|
longer subject to |Expires: December 31, 2001|
Section 16. Form 4 or |Estimated average burden |
Form 5 obligations may Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |hours per response.....0.5|
continue. See Section 17(a) of the Public Utility Holding Company Act of 1935 or ----------------------------
Instruction 1(b) Section 30(f) of the Investment Company Act 1940
(Print or Type response)
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
| Minch, Jeffrey L. | American Bingo & Gaming Corp. (BNGO) | |
| | | X Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | X Officer Other |
| | of Reporting Person | Year |---(give title below) ---(Specify below)|
| 816 Congress Avenue, Suite 1250 | (Voluntary) | 12/1999 | PRESIDENT |
| | | |----------------------------------------|
|----------------------------------------| |------------------------|7. Individual or Joint/Group Filing |
| (Street) | |5.If Amendment, Date of | (Check Applicable Line) |
| | | Original (Month/Year) | |
| | | | X Form filed by One Reporting Person |
| Austin Texas 78701 | ###-##-#### | N/A |--- |
| | | | Form filed by More than One |
| | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Transac-|4.Security Acquired (A) or |5.Amount of |6.Owner-|7.Nature of |
| (Instr. 3) | tion Date |tion Code | Disposed of (D) | Securities |Ship Fo-| Indirect |
| |(Month/Day/ |(Instr.8) | (Instr. 3, 4 and 5) | Beneficially |rm: Dir-| Beneficial |
| | Year) |----------|---------------------------------| Owned at End of|ect (D) | Ownership |
| | | | | | | | Month (Instr. |or Indi-| (Instr. 4) |
| | | | | | | | 3 and 4) |rect (I)| |
| | | | | |(A) | | |(Instr. | |
| | |Code| V | Amount |(D) | Price | |4) | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/01/1999 | P | | 35,000 | A | $ 19,678.50 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/02/1999 | P | | 18,000 | A | $ 10,125.00 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/06/1999 | P | | 45,000 | A | $ 25,312.50 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/07/1999 | P | | 33,000 | A | $ 18,562.50 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/08/1999 | P | | 74,000 | A | $ 41,625.00 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/09/1999 | P | | 22,000 | A | $ 12,375.00 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/10/1999 | P | | 17,000 | A | $ 9,562.50 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/13/1999 | P | | 75,000 | A | $ 42,187.50 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/14/1999 | P | | 20,000 | A | $ 12,188.00 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/16/1999 | P | | 12,000 | A | $ 7,500.00 | | D | |
|---------------------------|------------|----|-----|--------------|----|-------------|-----------------|--------|-----------------|
| Common Stock | 12/17/1999 | P | | 71,700 | A | $ 44,812.50 | | D | |
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Reminder: Report on a separate line for each class securities owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (3-99)
**The reporting person disclaims beneficial ownership of the reported securities.
(Print or type responses)
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FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Tran-| saction| Derivative |Exercisable| of Underlying |Derivative| of |Ownersh-| of |
|Security |Exercise |sact-| Code | Securities |and | Securities |Security |Derivative|ip Form |Indirect |
|(Instr. 3)|Price of |ion |(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 and 4) |(Instr. 5)|Securities|of Deri-|Beneficial|
| |Deriva- |Date(| | Disposed of (D) |Date | | |Benefi- |vative |Ownership |
| |tive |Month| | (Instr. 3, 4 an |(Month/Day/| | |cially |Security|(Instr. 4)|
| |Security |/Day/| | and 5) | Year) | | |Owned at |: Direct| |
| | |Year)| | |-----------|-------------------| |End of |(D) or | |
| | | | | | | | |Amount or| |Month |Indirect| |
| | | |---------|-------------------|Date |Exp. | Title |Number of| |(Instr. 4)|(I) (In-| |
| | | |Code| V | (A) | (D) |Exbl.|Date | |Shares | | |str. 4) | |
|----------|---------|-----|----|----|---------|---------|-----|-----|---------|---------|----------|----------|--------|----------|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
|----------|---------|-----|----|----|---------|---------|-----|-----|---------|---------|----------|----------|--------|----------|
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
* Intentional misstatements or omissions of facts constitute /s/ Jeffery L. Minch 01/10/2000
Federal Criminal Violations. See 18 U.S.C. 1001 and ----------------------------------------- ----------
15 U.S.C. 78ff(a). ***Signature of Reporting Person Date
Page 2
SEC 1474 (3-99)
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