Patti S Hart Form 4 INTERNATIONAL GAME TECHNOLOGY / PATTI S HART ownership change

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^*

HART PATTI S

(Last)

(First)

(Middle)

C/O INTERNATIONAL GAME TECHNOLOGY

6355 S. BUFFALO DRIVE

(Street)

LAS VEGAS

89113

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL GAME TECHNOLOGY [ IGT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2015

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	04/07/2015		D		1,087,900⁽¹⁾	D	$0.00⁽²⁾	0	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 Option (right to buy)	$9.12	04/07/2015		D			496,278	⁽³⁾⁽⁴⁾	03/20/2019	Common Stock	496,278	$0.00⁽⁴⁾	0	D
Stock Option (right to buy)	$14.01	04/07/2015		D			353,000	⁽⁴⁾⁽⁵⁾	10/04/2020	Common Stock	353,000	$0.00⁽⁴⁾	0	D
Restricted Stock Units	⁽⁶⁾	04/07/2015		D			52,615	⁽⁷⁾⁽⁸⁾	⁽⁷⁾⁽⁸⁾	Common Stock	52,615	$0.00⁽⁸⁾	0	D
Restricted Stock Units	⁽⁶⁾	04/07/2015		D			17,412	⁽⁸⁾⁽⁹⁾	⁽⁸⁾⁽⁹⁾	Common Stock	17,412	$0.00⁽⁸⁾	0	D
Restricted Stock Units	⁽⁶⁾	04/07/2015		D			68,981	⁽⁸⁾⁽¹⁰⁾	⁽⁸⁾⁽¹⁰⁾	Common Stock	68,981	$0.00⁽⁸⁾	0	D
Restricted Stock Units	⁽⁶⁾	04/07/2015		D			59,625	⁽⁸⁾⁽¹¹⁾	⁽⁸⁾⁽¹¹⁾	Common Stock	59,625	$0.00⁽⁸⁾	0	D
Restricted Stock Units	⁽⁶⁾	04/07/2015		D			146,879	⁽⁸⁾⁽¹²⁾	⁽⁸⁾⁽¹²⁾	Common Stock	146,879	$0.00⁽⁸⁾	0	D
Restricted Stock Units	⁽⁶⁾	04/07/2015		D			293,658	⁽⁸⁾⁽¹³⁾	⁽⁸⁾⁽¹³⁾	Common Stock	293,658	$0.00⁽⁸⁾	0	D

Explanation of Responses:

1. Includes 1,253 shares of common stock of International Game Technology ("IGT") acquired by the reporting person on February 27, 2015 under the IGT Employee Stock Purchase Plan.

2. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 15, 2014, by and among IGT, GTECH S.p.A., GTECH Corporation, International Game Technology PLC (formerly known as Georgia Worldwide Limited) ("Holdco") and Georgia Worldwide Corporation ("Sub"), pursuant to which, among other things, Sub merged with and into IGT, with IGT surviving as a wholly owned subsidiary of Holdco (the "Merger"), at the effective time of the Merger, each share of IGT common stock was converted into the right to receive $14.3396 in cash plus 0.1819 ordinary shares of Holdco, and each such share of IGT common stock was cancelled and ceased to exist.

3. The options became exercisable in equal annual installments over a period of four years, at the rate of 25%, commencing on March 20, 2010.

4. Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, the options to purchase shares of IGT common stock were cancelled and, in exchange therefor, the holder of each such cancelled option was entitled to receive a payment in cash of an amount equal to the product of (i) the total number of shares of IGT common stock subject to such cancelled option and (ii) the excess, if any, of $18.0209 (the "Cash Amount") over the exercise price per share of IGT common stock subject to such cancelled option, without interest.

5. The options vested in four equal annual installments commencing on Octoer 4, 2011.

6. Each restricted stock unit ("RSU") represents a contingent right to receive one share of IGT common stock.

7. The RSUs were originally to vest in full on December 16, 2015.

8. Immediately prior to the effective time of the Merger, the RSUs were fully vested and cancelled and, in exchange therefor, each holder of any such cancelled RSU was entitled to receive, in consideration of the cancellation of such RSU and in settlement therefor, the Cash Amount for each share of IGT common stock subject to such RSU.

9. The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years, which three year period was extended in accordance with the terms of the award agreement.

10. The RSUs were originally to vest in full on December 13, 2015 and December 13, 2016.

11. The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years.

12. The RSUs were originally to vest in full on December 13, 2015, December 13, 2016 and December 13, 2017.

13. The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years.

	/s/ Peter Christou, Attorney in Fact for Patti S. Hart	04/09/2015
	** 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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Patti S Hart Form 4INTERNATIONAL GAME TECHNOLOGY / PATTI S HART ownership change