X0202 4 2007-04-28 0001162556 DOVER DOWNS GAMING & ENTERTAINMENT INC DDE 0001180594 MCGLYNN DENIS 1131 N. DUPONT HIGHWAY DOVER DE 19901 1 1 0 0 President and CEO Common Stock, $.10 par value 2007-04-28 4 F 0 566 13.40 D 127651 D Class A Common Stock Common Stock 555600 555600 D Class A Common Stock Common Stock 154350 154350 I Wife Options granted 05/05/2000 5.99 2010-05-04 Common Stock 36750 36750 D Options granted 05/02/2002 7.97 2010-05-01 Common Stock 30000 30000 D Options granted 01/03/2003 6.34 2011-01-02 Common Stock 10642 10642 D Options granted 01/03/2003 6.34 2011-01-02 Common Stock 26857 26857 D Includes 33,691 shares of restricted stock granted under the Company's Incentive Stock Plan in transactions exempt under Rule 16b-3 (full amount of original grant, whether or not vested, less shares disposed of, if any). Shares vest one fifth per year beginning on the second anniversary of the grant date (beneficial ownership in unvested shares is disclaimed for Section 16 purposes). Grant dates and number of shares granted were: January 3, 2007: 7,000 shares; January 3, 2006: 10,500 shares; January 3, 2005: 9,000 shares; and April 28, 2004: 9,000 shares. Class A Common Stock is convertible into Common Stock at any time on a share for share basis at the option of the holder thereof. Ten-year options with exercisability phasing in as follows: 5/5/06 - 8,700 shares; 5/5/07 - 9,280 shares; 5/5/08 - 9,280 shares; 5/5/09 - 9,280; 1/1/10 - 210 shares. Eight-year options with exercisability phasing in. Beginning one year after date of grant, one-sixth becomes exercisable. An additional one-sixth becomes exercisable over the succeeding five years. Eight-year options with exercisability phasing in as follows: 1/3/04 - 729 shares; 1/3/05 - 729 shares; 1/3/06 - 726 shares; 1/3/07 - 726 shares; 1/3/08 - 723 shares; 1/3/09 - 7,009 shares. Eight-year options with exercisability phasing in as follows: 1/3/04 - 5,520 shares; 1/3/05 - 5,520 shares; 1/3/06 - 5,523 shares; 1/3/07 - 5,523 shares; 1/3/08 - 4,771 shares. Previously reported. Elia D. Trowbridge via Power of Attorney Filed With the Securities & Exchange Commission 2007-04-30