SEC FORM 4/A

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^*

FRANK RICHARD M

(Last)

(First)

(Middle)

4441 W. AIRPORT FREEWAY

(Street)

IRVING

75062

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CEC ENTERTAINMENT INC [ CEC ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/09/2007

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, Par Value $.10⁽¹⁾								466,171	I	By Richard M. Frank Rev. Trust
Common Stock, Par Value $.10								50,900	I	By Frank Family Trust A2
Common Stock, Par Value $.10⁽²⁾								57	I	By 401(k) Plan
Common Stock, Par Value $.10⁽³⁾	05/07/2007		A		38,840	A	$0	84,185	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)
Employee Stock Option	$29	05/07/2007		S			141,500	⁽⁴⁾	01/03/2009	Common Stock	375,000	$38.9791	233,500	D
Employee Stock Option	$29	05/08/2007		S			46,000	⁽⁴⁾	01/03/2009	Common Stock	375,000	$38.6424	187,500	D
Employee Stock Option⁽⁵⁾	$22.6667	05/08/2007		S			70,000	⁽⁶⁾	01/05/2008	Common Stock	225,000	$38.8959	155,000	I	By Frank 2005 Trust

Explanation of Responses:

1. Although the total amount of securities beneficially owned following the reported transactions has not changed, this Form is filed to correct inadvertent misidentifications that were made in reporting the ownership form of some of these shares.

2. Based on a Plan statement as of 03/31/07.

3. Restricted stock grant pursuant to the issuer's 2004 Restricted Stock Plan. The closing price on the date of grant was $38.62. Vesting Schedule: 25% on 05/07/08, and 25% on each of 02/26/09, 02/26/10, and 02/26/11.

4. Vesting Schedule: 25% after 01/03/03; 50% after 01/03/04; 75% after 01/03/05; and 100% after 12/05/05.

5. Filed to correct a scivenor's error transposing the number of shares disposed (Column 5) with the number of shares beneficially owned following the reported transaction (Column 9).

6. Vesting Schedule: 33% after 01/05/02; 66% after 01/05/03; and 100% after 01/05/04.

Remarks:

	Richard M. Frank	05/16/2007
	** 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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