SEC FORM 4

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^*

Castle Louis

(Last)

(First)

(Middle)

1106 PALMS AIRPORT DRIVE

(Street)

LAS VEGAS

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)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Chief Strategy Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2012

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

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	09/10/2012		M		10,000	A	$2.89	37,979	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.285	37,879	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.31	37,679	D
Common Stock	09/10/2012		S⁽¹⁾		300	D	$15.35	37,379	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.36	37,179	D
Common Stock	09/10/2012		S⁽¹⁾		600	D	$15.37	36,579	D
Common Stock	09/10/2012		S⁽¹⁾		300	D	$15.38	36,279	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.39	36,079	D
Common Stock	09/10/2012		S⁽¹⁾		400	D	$15.4	35,679	D
Common Stock	09/10/2012		S⁽¹⁾		700	D	$15.41	34,979	D
Common Stock	09/10/2012		S⁽¹⁾		600	D	$15.42	34,379	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.43	34,279	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.435	34,179	D
Common Stock	09/10/2012		S⁽¹⁾		500	D	$15.44	33,679	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.445	33,579	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.45	33,379	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.455	33,179	D
Common Stock	09/10/2012		S⁽¹⁾		500	D	$15.46	32,679	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.465	32,579	D
Common Stock	09/10/2012		S⁽¹⁾		600	D	$15.47	31,979	D
Common Stock	09/10/2012		S⁽¹⁾		1,100	D	$15.48	30,879	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.485	30,779	D
Common Stock	09/10/2012		S⁽¹⁾		1,000	D	$15.49	29,779	D
Common Stock	09/10/2012		S⁽¹⁾		400	D	$15.5	29,379	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.51	29,179	D
Common Stock	09/10/2012		S⁽¹⁾		400	D	$15.52	28,779	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.53	28,679	D
Common Stock	09/10/2012		S⁽¹⁾		100	D	$15.55	28,579	D
Common Stock	09/10/2012		S⁽¹⁾		200	D	$15.57	28,379	D
Common Stock	09/10/2012		S⁽¹⁾		300	D	$15.62	28,079	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)
Stock Options	$2.89	09/10/2012		M			10,000	03/18/2009	03/18/2019	Common Stock	10,000	$0	0	D

Explanation of Responses:

1. All sales are made pursuant to Stock Sales Plan, dated March 14, 2012, entered into pursuant to the requirement of Rule 10b5-1, adopted pursuant to the Securities Exchange Act of 1934, as amended.

Remarks:

This form is filed in two parts. Table I transactions will be continued in Part 2.

	Kathryn S. Lever, by Power of Attorney	09/11/2012
	** 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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