SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Chung Clarence YM

(Last)

(First)

(Middle)

38/F THE CENTRIUM

60 WYNDHAM STREET, CENTRAL

(Street)

HONG KONG

F4 0

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Entertainment Gaming Asia Inc. [ EGT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/29/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	01/02/2014		A		50,000⁽¹⁾	A	$0	823,404⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options (right to buy)	$1.211	01/02/2014		A		25,000		07/03/2014	01/02/2024	Common stock	25,000	$0	1,245,000	D
Options (right to buy)	$1.211	01/02/2014		A		100,000⁽³⁾		01/02/2017	01/02/2024	Common stock	100,000⁽³⁾	$0	1,245,000	D
Options (right to buy)	$0.68	12/29/2008		A		500,000⁽⁴⁾		12/29/2009	12/29/2018	Common stock	500,000⁽⁴⁾	$0	1,245,000	D

Explanation of Responses:

1. All 50,000 shares are subject to vesting and risk of forfeiture based on the Company's ability to meet certain financial and non-financial performance targets as of and for the fiscal year ending December 31, 2014. The determination of the vesting or forfeiture of the shares shall be made by the Compensation Committee of the Company's Board of Directors.

2. Includes 50,000 shares subject to vesting and risk of forfeiture based on the Company's ability to meet certain financial and non-financial performance targets as of and for the fiscal year ending December 31, 2014 and 50,000 shares subject to vesting and risk of forfeiture based on the Company's ability to meet certain financial and non-financial performance targets as of and for the fiscal year ending December 31, 2013. The determination of the vesting or forfeiture of the shares shall be made by the Compensation Committee of the Company's Board of Directors.

3. All 100,000 options are subject to vesting and risk of forfeiture based on the Company's ability to meet certain financial and non-financial performance targets as of and for the fiscal year ending December 31, 2014. The determination of the vesting or forfeiture of the options shall be made by the Compensation Committee of the Company's Board of Directors.

4. The option shares represent options originally granted on December 29, 2008 on a post split adjusted basis. On December 27, 2013, the Compensation Committee of the Company's Board of Directors approved the extension of these options for an additional five years. The options are included in the Form 4 for purposes of reporting the extension of the expiration date of the options originally granted on December 29, 2008.

	Clarence Chung	01/06/2014
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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