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^*

Moder Robyn

(Last)

(First)

(Middle)

1041 NO. FORMOSA AVENUE

FORMOSA BUILDING, SUITE 99

(Street)

WEST HOLLYWOOD

90046

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WPT ENTERPRISES INC [ WPTE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2005

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, $.001 par value	03/14/2005		S		1,000	D	$20.012	173,400	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.974	172,900	D
Common Stock, $.001 par value	03/14/2005		S		300	D	$19.954	172,600	D
Common Stock, $.001 par value	03/14/2005		S		700	D	$19.9	171,900	D
Common Stock, $.001 par value	03/14/2005		S		300	D	$19.874	171,600	D
Common Stock, $.001 par value	03/14/2005		S		300	D	$19.834	171,300	D
Common Stock, $.001 par value	03/14/2005		S		300	D	$19.812	171,000	D
Common Stock, $.001 par value	03/14/2005		S		600	D	$19.783	170,400	D
Common Stock, $.001 par value	03/14/2005		S		700	D	$19.776	169,700	D
Common Stock, $.001 par value	03/14/2005		S		300	D	$19.774	169,400	D
Common Stock, $.001 par value	03/14/2005		S		2,300	D	$19.75	167,100	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.643	166,600	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.612	166,100	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.54	165,600	D
Common Stock, $.001 par value	03/14/2005		S		800	D	$19.532	164,800	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.512	164,300	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.51	163,800	D
Common Stock, $.001 par value	03/14/2005		S		500	D	$19.5032	163,300	D
Common Stock, $.001 par value	03/14/2005		S		7,000	D	$19.5	156,300	D
Common Stock, $.001 par value	03/14/2005		S		1,000	D	$19.421	155,300	D
Common Stock, $.001 par value	03/14/2005		S		1,000	D	$19.374	154,300	D
Common Stock, $.001 par value	03/14/2005		S		1,000	D	$19.325	153,300	D
Common Stock, $.001 par value	03/14/2005		S		2,000	D	$19.2774	151,300	D
Common Stock, $.001 par value	03/14/2005		S		1,500	D	$19.27	149,800	D
Common Stock, $.001 par value	03/14/2005		S		1,000	D	$19.25	148,800	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)
Stock Options (right to buy)	$0.0049							⁽¹⁾	⁽²⁾	Common Stock, $.001 par value	200,000		200,000	D
Stock Options (right to buy)	$8							⁽³⁾	08/09/2014	Common Stock, $.001 par value	200,000		200,000	D

Explanation of Responses:

1. 100,000 shares are exercisable immediately, 100,000 shares vest on 2/25/06.

2. Each vested portion of the option expires six years from the vesting date.

3. 66,667 shares vest on each of 8/9/05 and 8/9/06. 66,666 shares vest on 8/9/07.

	/s/ Robyn Moder	03/16/2005
	** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.