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*
HADDRILL RICHARD M

(Last) (First) (Middle)
6601 S. BERMUDA ROAD

(Street)
LAS VEGAS NV 89119

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BALLY TECHNOLOGIES, INC. [ BYI ]
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)
06/21/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/22/2006
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)
Code V Amount (A) or (D) Price
Bally Technologies,Inc.Common Stock,$.10 par value per share(1) 06/21/2006(4) A 92,654 A $0(2) 695,191 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right To Buy) $15.07 06/21/2006(4) A 200,000 (3) 06/21/2016 Common Stock, $.10 par value per share 200,000 $0(2) 200,000 D
Explanation of Responses:
1. Grant of restricted stock pursuant to the Third Amendment to the Employment Agreement by and between Bally Technologies, Inc. (the "Company") and Richard Haddrill, dated as of June 20, 2006 (the "Amendment"). Per the terms of the Amendment, the restricted stock shall vest as follows: (i) 28.6% thereof or 26,499 shares vest on July 1, 2008 and (ii) 71.4% thereof or 66,155 shares vest on January 1, 2009, in each case subject to Mr. Haddrill's continuous employment as the Company's Chief Executive Officer through each such date.
2. Granted as compensation for services under the Company's Amended and Restated 2001 Long Term Incentive Plan, as amended.
3. Per the terms of the Amendment, the options shall vest as follows:(i) 66,667 shares vest on February 28, 2008, (ii) 66,667 shares vest on July 31, 2008, and (iii) 66,666 shares vest on January 1, 2009, in each case subject to Mr. Haddrill's continuous employment as the Company's Chief Executive Officer through each such date.
4. This amendment is being filed to correct the grant date of the awards of restricted stock and employee stock options from June 20, 2006 to June 21, 2006, which was inadvertently misstated due to clerical error. As a result, also corrected are (i) the amount of restricted stock acquired and aggregate amount of common stock beneficially owned reflected in Table I, (ii) the exercise price and expiration date reflected in Table II and (iii) the date of earliest transaction.
Richard M. Haddrill 07/28/2006
** 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).
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