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Entertainment Gaming Asia Inc. Message Board

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    • http://sec.gov/Archives/edgar/data/1004673/000120919107037738/xslF345X02/doc4.xml

      On June 15, Mark Newburg, President and CEO, exercised 367,333 options and made concurrent sales into the market. Mr. Newburg took advantage of an open trading window to exercise options for estate planning purposes. Mr. Newburg maintains approximately 1.3 million options and has no plans to exercise any additional options in the foreseeable future.

      http://sec.gov/Archives/edgar/data/1004673/000089256907000947/a31070ppre14a.htm#107

      PROPOSAL THREE � AUTHORIZE AND APPROVE AN AMENDMENT TO OUR AMENDED AND RESTATED 1999 STOCK OPTION PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK RESERVED UNDER THE PLAN
      Section 711 of the AMEX Company Guide requires stockholder approval for the establishment or material amendment of any equity compensation arrangement, with limited exceptions. We are seeking the approval of our stockholders in accordance with Section 711 of the AMEX Company Guide for the amendment of our 1999 Stock Option Plan (the "Option Plan"), to increase the number of common shares authorized for issuance under the plan from 6,000,000 to 15,000,000. Our board of directors has approved the amendment to the Option Plan and recommends the approval of the amendment to increase the authorized shares under the Option Plan.
      The Option Plan was originally adopted by our stockholders on March 29, 1999. Through amendments approved by our stockholders on October 5, 2004, July 21, 2005 and December 28, 2006, we may issue stock options pursuant to the Option Plan to purchase up to 6,000,000 shares of our common stock. As of June 30, 2007, we have issued options to purchase 4,069,825 shares of common stock under the Option Plan.
      Our board of directors has reviewed the Option Plan and the lack of available shares thereunder and determined that the Option Plan requires additional shares to provide the flexibility with respect to stock-based compensation that our board of directors believes is necessary to establish appropriate long-term incentives to achieve our objectives. Our board of directors believes that it is advisable to increase the 6,000,000 share limit to 15,000,000 shares in order to attract and compensate employees, officers and directors upon whose judgment, initiative and effort we depend. The issuance of stock options to eligible participants is designed to align the interests of such participants with those of our stockholders.

      -24-

      Table of Contents

      The proposed amendment to the Option Plan increases the number of shares of common stock that may be issued upon the exercise of options by 9,000,000 shares, or approximately 25% of the 36,141,534 shares of common stock outstanding on June 30, 2007. As amended, the Option Plan will continue to provide for appropriate adjustments in the number of shares in the event of a stock dividend, recapitalization, merger or similar transaction.
      Recommendation of the VendingData Board of Directors
      The VendingData board of directors recommends that VendingData stockholders vote FOR the approval of the amendment to the Option Plan.

    • http://sec.gov/Archives/edgar/data/1004673/000089256907000947/a31070ppre14a.htm#106

      PROPOSAL TWO � AUTHORIZE AND APPROVE A GRANT OF OPTIONS TO ACQUIRE 5,000,000 SHARES OF OUR COMMON STOCK TO THE ELIXIR PARTIES
      Section 711 of the AMEX Company Guide requires stockholder approval for the establishment of any equity compensation arrangement, with limited exceptions. We are seeking the approval of our stockholders in accordance with Section 711 of the AMEX Company Guide for the issuance of an aggregate of up to 5,000,000 shares of our common stock pursuant to stock options (the "Elixir Options") issued to certain officers, directors and employees of Elixir and its affiliates. The Elixir Options have been issued outside of our approved stock option plans, and accordingly we are required to obtain stockholder approval pursuant to Section 711 of the AMEX Company Guide.
      At a meeting of the board of directors of VendingData held on May 17, 2007, the board approved the grant of options to purchase 5,000,000 shares of our common stock to certain officers, directors and employees of Elixir and Melco, including options to purchase 1,200,000 shares to Gordon Yuen, the chief executive officer of Elixir, and options to purchase 540,000 shares to Joe Pisano, general manager of Elixir. Mr. Yuen and Mr. Pisano have been nominated to our board of directors.
      The options have been granted subject to both the approval of our shareholders and the close of the transactions under the Participation Agreement. In the event the options are not approved by our shareholders at the Special Meeting or the transactions under the Participation Agreement fail to close for any reason, the options will terminate unexercised. The exercise price of all options is $2.90 per share, the closing price of our common shares reported by the AMEX on May 17, 2007. All options have a term of five years and vest and first become exercisable in equal installments over three years commencing on the first anniversary of the close of the transactions under the Participation Agreement. The option agreements include standard anti-dilution provisions.
      Recommendation of the VendingData Board of Directors
      The VendingData board of directors recommends that VendingData stockholders vote FOR the authorization and approval of a grant of the Elixir Options.

 
EGT
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