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Form 4 Gaming Partners Internat For: Feb 18 Filed by: Kelly Robert J

February 18, 2015 2:32 PM EST
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 *
Kelly Robert J
(Last) (First) (Middle)
1700 INDUSTRIAL ROAD
(Street)
LAS VEGAS NV US 89102
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Gaming Partners International CORP [ GPIC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2015
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option/Right to Buy $ 13.43 (1)             08/16/2006 02/15/2016 Common Stock 6,000   6,000 D  
Option/Right to Buy $ 17.80 (2)             08/16/2007 02/15/2017 Common Stock 4,500   4,500 D  
Option/Right to Buy $ 7.50 (3)             08/16/2008 02/15/2008 Common Stock 4,500   4,500 D  
Option/Right to Buy $ 6.80 (4)             11/10/2008 05/09/2018 Common Stock 15,000   15,000 D  
Option/Right to Buy $ 6.70 (5)             08/16/2009 02/15/2019 Common Stock 6,500   6,500 D  
Option/Right to Buy $ 5.92 (6)             08/16/2010 02/15/2020 Common Stock 6,500   6,500 D  
Option/Right to Buy $ 7.10 (7)             08/16/2011 02/15/2021 Common Stock 6,500   6,500 D  
Option/Right to Buy $ 6.91 (8)             08/16/2012 02/15/2022 Common Stock 6,500   6,500 D  
Option/Right to Buy $ 7.90 (9)             08/16/2013 02/15/2023 Common Stock 6,500   6,500 D  
Option/Right to Buy $ 8.83 (10)             08/16/2014 02/15/2024 Common Stock 6,500   6,500 D  
Option/Right to Buy $ 8.47 (11) 02/15/2015 02/18/2015 A   5,750   08/16/2015 02/15/2025 Common Stock 5,750 $ 0 5,750 D  
Explanation of Responses:
1. As previously reported on February 15, 2006, Mr. Kelly was appointed as a director of Gaming Partners International Corporation (the "Company"). On the date of his appointment, the Company granted Mr. Kelly an option to purchase 6,000 shares of the Company's common stock pursuant to the Company's 1994 Directors' Stock Option Plan (the "Plan"), at an exercise price of $13.43 per share. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
2. As previously reported on February 15, 2007, the Company granted Mr. Kelly an option to purchase 4,500 shares of the Company's common stock at $17.80 per share for his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
3. As previously reported on February 15, 2008, the Company granted Mr. Kelly an option to purchase 4,500 shares of the Company's common stock at an option price of $7.50 per share for his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is currently fully vested and exercisable.
4. As previously reported, on May 9, 2008, the Company granted Mr. Kelly a discretionary option to purchase 15,000 shares of the Company's common stock at an option price of $6.80, per share, pursuant to the Plan, as amended. The grant was exempt under Rule 16b-3. The option is currently fully vested and exercisable
5. As previously reported, on February 15, 2009, the Company granted Mr. Kelly an option to purchase 6,500 shares of the Company's common stock at an exercise price of $6.70 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
6. As previously reported, on February 15, 2010, the Company granted Mr. Kelly an option to purchase 6,500 shares of the Company's common stock at an exercise price of $5.92 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
7. As previously reported on February 15, 2011, the Company granted Mr. Kelly an option to purchase 6,500 shares of the Company's common stock at an exercise price of $7.10 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
8. As previously reported on February 15, 2012, the Company granted Mr. Kelly an option to purchase 6,500 shares of the Company's common stock at an exercise price of $6.91 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
9. As previously reported, on February 15, 2013, the Company granted Mr. Kelly an option to purchase 6,500 shares of the Company's common stock at an exercise price of $7.90 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
10. As previously reproted, on February 15, 2014, the Company granted Mr. Kelly an option to purchase 6,500 shares of the Company's common stock at an exercise price of $8.83 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable.
11. On February 15, 2015, the Company granted Mr. Kelly an option to purchase 5,750 shares of the Company's common stock at an exercise price of $8.47 per share for his service as a director and his service on certain committees of the Company during the prior twelve month period, pursuant to the Plan. The grant was exempt under Rule 16b-3. The option is fully vested and exercisable six months and one day after grant.
/s/ Gregory S. Gronau, by power of attorney for Robert J. Kelly 02/18/2015
** 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).
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.

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