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FORM 5
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/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions of 1940
Reported
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
McPherson Michael E. FITZGERALDS GAMING CORPORATION Issuer (Check all applicable)
- ------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
301 Fremont Street Number of Reporting Month/Year X Officer (give Other (specify
- ------------------------------------------- Person (Voluntary) 1998 ---- title --- below)
(Street) ------------------- below)
Las Vegas Nevada 89101 5. If Amendment, Senior Vice President, Chief
- ------------------------------------------- Date of Original -------------------------------
(City) (State) (Zip) (Month/Year) Financial Officer, Treasurer &
Secretary
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 1 -- 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. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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*If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) (8/96)
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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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
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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Common Stock Options $1.00 5/1/98 D 11,854 See Fn. See Fn. Common
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1 1 Stock
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Common Stock Options $1.00 5/1/98 A 11,854 See Fn. See Fn. Common
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1 1 Stock
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Common Stock Options 40,854 D
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Common Stock Options 40,854 D
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Explanation of Responses:
Footnote 1: 40,854 options for the Issuer's common stock were granted October 16, 1997, 11,854 of which were exercisable at grant
and which expired on June 30, 1998. On May 1, 1998, the Issuer's board of directors extended the expiration date of such 11,854
options to June 30, 1999. The extension of such expiration date was treated as a cancellation of the 11,854 options expiring June
30, 1998 and a regrant of 11,854 options with an expiration date of June 30, 1999, and accordingly, such cancellation and regrant
are shown above as (i) a disposition to the Issuer of 11,854 options and (ii) an acquisition by the Reporting Person of 11,854 new
options. The remaining 29,000 options the Reporting Person was granted in October 1997 are reflected in Column 9 above and such
additional options are all for shares of the Issuer's common stock and have an exercise price of $1.00 per share. None of the terms
of such additional options have been changed since they were granted. 10,000 of such options are currently exercisable and expire
12/31/99; 12,666 such options are currently exercisable and expire 12/31/2000; and 6,334 such options become exercisable on
12/31/99 and expire 12/31/2000.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. (8/96)
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