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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $ 2.67 | (3) | 01/31/2015 | Common Stock | 200,000 | 200,000 | I | By Trust (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BERMAN LYLE LAKES ENTERTAINMENT, INC. 130 CHESHIRE LANE MINNETONKA, MN 55305 |
X | former 10% holder | ||
WPT ENTERPRISES INC 5700 WILSHIRE BLVD. SUITE 350 LOS ANGELES, CA 90036 |
Former 10% owner |
/s/ Lyle Berman | 04/03/2006 | |
**Signature of Reporting Person | Date | |
/s/ Lyle Berman, Executive Chairman | 04/03/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These shares are held directly by WPT Enterprises, Inc. ("WPTE") and indirectly by Mr. Berman. Mr. Berman is the Executive Chairman of the Board of WPTE and is the Chariman of the Board, Chief Executive Officer and a significant shareholder of Lakes Entertainment, Inc., whose wholly-owned subsidiary, Lakes Poker Tour, LLC, is a significant shareholder of WPTE. Mr. Berman disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
(2) | These securities are held by a revocable trust for the benefit of Mr. Berman. |
(3) | The option vests and becomes exercisable in sixteen equal quarterly installments beginning on April 30, 2005. |