SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* LADD ROBERT (Last) (First) (Middle) 335 MADISON AVENUE SUITE 1100 (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/09/2010	3. Issuer Name and Ticker or Trading Symbol MGT CAPITAL INVESTMENTS INC [ MGT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,984,012	D(1)
Common Stock	7,984,012	I(2)	See Footnote
Common Stock	500,000	D(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* LADD ROBERT (Last) (First) (Middle) 335 MADISON AVENUE SUITE 1100 (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* LADDCAP VALUE PARTNERS LP (Last) (First) (Middle) 335 MADISON AVENUE SUITE 1100 (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* LADDCAP VALUE ASSOCIATES LLC (Last) (First) (Middle) 335 MADISON AVENUE SUITE 1100 (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* LADDCAP VALUE ADVISORS LLC (Last) (First) (Middle) 335 MADISON AVENUE SUITE 1100 (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These securities are owned by Laddcap Value Partners LP (the "Partnership").

2. The reported securities are owned by the Partnership. Laddcap Value Associates LLC ("Laddcap Associates") serves as general partner and Laddcap Value Advisors LLC ("Laddcap Advisors") servies as investment advisor. Mr. Ladd is the managing member of Laddcap Associates and Laddcap Advisors. Laddcap Associates and Laddcap Advisors may be deemed to beneficially own the securities held by the Partnership by virtue of their position as general partner and investment advisors, respectively, of the Partnership, and Mr. Ladd, by virtue of his status as the managing member of Laddcap Associates and Laddcap Advisors. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

3. These securities are owned directly by Robert Ladd. Mr. Ladd is a Director of the Issuer.

	By: /s/ Robert Ladd, Managing Member	12/20/2010
	Laddcap Value Partners LP, By: Laddcap Value Associates LLC, its General Partner, By: /s/ Robert Ladd, Managing Member	12/20/2010
	Laddcap Value Associates LLC, By: /s/ Robert Ladd, Managing Member	12/20/2010
	Laddcap Value Advisors LLC, By: /s/ Robert Ladd, Managing Member	12/20/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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