-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FCZCW22WaztKZZzwUE1x1483xK2CcZaIH9VT+bvvoGKXDFl6lJbBiheP+AvhCAF7
 QiJCbZuyjvcSy4T+VJR37Q==

<SEC-DOCUMENT>0001181431-09-042912.txt : 20090908
<SEC-HEADER>0001181431-09-042912.hdr.sgml : 20090907
<ACCEPTANCE-DATETIME>20090908114602
ACCESSION NUMBER:		0001181431-09-042912
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090904
FILED AS OF DATE:		20090908
DATE AS OF CHANGE:		20090908

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DENNIS PAUL S
		CENTRAL INDEX KEY:			0001261878

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09043
		FILM NUMBER:		091057454

	MAIL ADDRESS:	
		STREET 1:		C/O PAUL-SON GAMING CORP
		STREET 2:		1700 INDUSTRIAL ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89102

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BHIT INC
		CENTRAL INDEX KEY:			0000764897
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				363361229
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1301 EAST 9TH STREET
		STREET 2:		SUITE 3300
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44114
		BUSINESS PHONE:		2167375000

	MAIL ADDRESS:	
		STREET 1:		1301 EAST 9TH STREET
		STREET 2:		SUITE 3300
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANYAN HOTEL INVESTMENT FUND
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VMS HOTEL INVESTMENT FUND
		DATE OF NAME CHANGE:	19910623

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VMS HOTEL INVESTMENT TRUST
		DATE OF NAME CHANGE:	19870827
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd252414.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-09-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000764897</issuerCik>
        <issuerName>BHIT INC</issuerName>
        <issuerTradingSymbol>BHIT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001261878</rptOwnerCik>
            <rptOwnerName>DENNIS PAUL S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>16330 VINTAGE OAKS LANE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DELRAY BEACH</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33484</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VP and Treasurer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A 10% Convertible Debenture</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.20</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-09-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>400000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-09-04</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2000000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>400000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Series A 10% Convertible Debenture does not have an expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher J. Hubbert, Attorney-in-Fact for Paul S. Dennis</signatureName>
        <signatureDate>2009-09-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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