John Ferrucci Form 3 FULL HOUSE RESORTS / John Ferrucci ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Ferrucci John

(Last) (First) (Middle)

C/O FULL HOUSE RESORTS, INC.

1980 FESTIVAL PLAZA DRIVE, SUITE 680

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/14/2022

3. Issuer Name and Ticker or Trading Symbol
FULL HOUSE RESORTS INC [ FLL ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(1)	05/05/2025	Common Stock	20,000	1.51	D
Employee Stock Option (Right to Buy)	(2)	09/10/2029	Common Stock	30,000	1.97	D
Employee Stock Option (Right to Buy)	(3)	06/11/2030	Common Stock	30,000	1.73	D
Employee Stock Option (Right to Buy)	(4)	05/19/2031	Common Stock	30,000	9.52	D

Explanation of Responses:

1. This option is fully vested.

2. Two-thirds of this option is fully vested, and the remainder vests on September 10, 2022.

3. One-third of this option is fully vested, one-third vests on June 11, 2022, and one-third vests on June 11, 2023.

4. This option vests in three equal annual installments beginning on May 19, 2022.

Remarks:

Exhibit List: Exhibit 24 - Limited Power of Attorney

	/s/ Elaine Guidroz, Attorney-in-Fact	03/16/2022
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.