X0202 4 2006-01-03 0001162556 DOVER DOWNS GAMING & ENTERTAINMENT INC DDE 0001205793 HORNE TIMOTHY R 1131 N. DUPONT HIGHWAY DOVER DE 19901 0 1 0 0 Sr. VP - Finance, Treas. & CFO Common Stock, $.10 par value 2006-01-03 4 A 0 5000 0 A 13350 D Options granted 01/04/1999 9.72 2007-01-03 Common Stock 7000 7000 D Options granted 05/05/2000 8.98 2008-05-04 Common Stock 14000 14000 D Options granted 05/02/2002 11.95 2010-05-01 Common Stock 12000 12000 D Options granted 01/03/2003 9.51 2011-01-02 Common Stock 20000 20000 D Includes 5,000 shares of restricted stock granted under the Company's Incentive Stock Plan on January 3, 2006 in a transaction exempt under Rule 16b-3. 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). Includes 4,000 shares of restricted stock granted under the Company's Incentive Stock Plan on January 3, 2005 in a transaction exempt under Rule 16b-3. 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). Includes 4,000 shares of restricted stock granted under the Company's Incentive Stock Plan on April 28, 2004 in a transaction exempt under Rule 16b-3. 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). 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: 5/5/01 - 2,140 shares; 5/5/02 - 2,140 shares; 5/5/03 - 2,719 shares; 5/5/04 - 2,333 shares; 5/5/05 - 2,333 shares; 5/5/06 - 2,335 shares. Previously reported. Elia D. Trowbridge Via Power of Attorney Filed With the Securities & Exchange Commission 2006-01-04