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*
YOSELOFF MARK LAWRENCE
(Last) (First) (Middle)
1106 PALMS AIRPORT DRIVE
(Street)
LAS VEGAS NV 89119
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SHUFFLE MASTER INC [ SHFL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairman
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
08/21/2006 		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
Common Stock 08/17/2006 M 1,250 A $9.7378 771,538 D
Common Stock 08/17/2006 M 77,250 A $8.5378 848,788 D
Common Stock 08/17/2006 F 38,340 D $28.1 810,448 D
Common Stock 08/17/2006 S(1) 100 D $28.28 810,348 D
Common Stock 08/17/2006 S(1) 200 D $28.27 810,148 D
Common Stock 08/17/2006 S(1) 2,100 D $28.25 808,048 D
Common Stock 08/17/2006 S(1) 1,200 D $28.24 806,848 D
Common Stock 08/17/2006 S(1) 3,502 D $28.23 803,346 D
Common Stock 08/17/2006 S(1) 350 D $28.22 802,996 D
Common Stock 08/17/2006 S(1) 600 D $28.21 802,396 D
Common Stock 08/17/2006 S(1) 400 D $28.204 801,996 D
Common Stock 08/17/2006 S(1) 3,100 D $28.2 798,896 D
Common Stock 08/17/2006 S(1) 2,300 D $28.19 796,596 D
Common Stock 08/17/2006 S(1) 5,362 D $28.1847 791,234 D
Common Stock 08/17/2006 S(1) 1,500 D $28.18 789,734 D
Common Stock 08/17/2006 S(1) 300 D $28.17 789,434 D
Common Stock 08/17/2006 S(1) 1,600 D $28.16 787,834 D
Common Stock 08/17/2006 S(1) 400 D $28.15 787,434 D
Common Stock 08/17/2006 S(1) 500 D $28.14 786,934 D
Common Stock 08/17/2006 S(1) 2,500 D $28.13 784,434 D
Common Stock 08/17/2006 S(1) 510 D $28.12 783,924 D
Common Stock 08/17/2006 S(1) 1,300 D $28.11 782,624 D
Common Stock 08/17/2006 S(1) 5,044 D $28.1 777,580 D
Common Stock 08/17/2006 S(1) 1,700 D $28.09 775,880 D
Common Stock 08/17/2006 S(1) 2,988 D $28.08 772,892 D
Common Stock 08/17/2006 S(1) 3,500 D $28.07 769,392 D
Common Stock 08/17/2006 S(1) 2,481 D $28.06 766,911 D
Common Stock 08/17/2006 S(1) 6,244 D $28.05 760,667 D
Common Stock 08/17/2006 S(1) 300 D $28.04 760,367 D
Common Stock 08/17/2006 S(1) 3,200 D $28.03 757,167 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
Stock Options $9.7378 08/17/2006 M 1,250 11/05/2004 11/04/2012 Common Stock 1,250 $9.7378 48,767 D
Stock Options $8.5378 08/17/2006 M 9,750 03/12/2004 03/11/2013 Common Stock 9,750 $8.5378 0 D
Stock Options $8.5378 08/17/2006 M 33,750 03/12/2005 03/11/2013 Common Stock 33,750 $8.5378 0 D
Stock Options $8.5378 08/17/2006 M 33,750 03/12/2006 03/11/2013 Common Stock 33,750 $8.5378 0 D
Explanation of Responses:
1. All sales are made pursuant to Stock Sales Plan, dated July 12, 2006, entered into pursuant to the requirement of Rule 10b5-1, adopted pursuant to the Securities Exchange Act of 1934, as amended.
Remarks:
This Amended Form 4 supercedes the Form 4 filed August 21, 2006 and is being filed in two parts. Table 1 transactions will be started in Part 1 and completed in Part 2. This Form 4 amends Table 1, Column 4, Line 3 - Securities Disposed of in the original Form 4, which incorrectly stated 40,767 shares were disposed of as payment of exercise price and tax liability. It now correctly states that 38,340 shares were disposed of as payment of exercise price and tax liability. The misstatement also resulted in an incorrect calculation of the amount of securities beneficially owned (Table 1, Column 5, Lines 3 et seq.), which numbers have also been corrected.
Jerome R. Smith, by Power of Attorney 08/23/2006
** 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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