FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LENDAIS JEAN-FRANCOIS 		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)
(Last)          (First)          (Middle)

3945 W. CHEYENNE AVENUE, #208 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/1/2019
(Street)

NORTH LAS VEGAS, NV 89032
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   5/1/2019     U    1   (1) D $13.75   0   I   Held by spouse  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Director Stock Option (Right to Buy)   $7.69   5/1/2019     U         6000    11/6/2010   (2) 5/5/2020   (2) Common Stock   6000   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $6.70   5/1/2019     U         1500    11/6/2012   (2) 5/5/2022   (2) Common Stock   1500   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $8.82   5/1/2019     U         3500    11/6/2013   (2) 5/5/2023   (2) Common Stock   3500   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $8.11   5/1/2019     U         3500    11/6/2014   (2) 5/5/2024   (2) Common Stock   3500   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $10.51   5/1/2019     U         3500    11/6/2015   (2) 5/5/2025   (2) Common Stock   3500   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $9.00   5/1/2019     U         3500    11/6/2016   (2) 5/5/2026   (2) Common Stock   3500   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $10.00   5/1/2019     U         3500    11/6/2017   (2) 5/5/2027   (2) Common Stock   3500   $0   (3) 0   D    
Director Stock Option (Right to Buy)   $8.72   5/1/2019     U         3500    11/5/2018   (2) 5/4/2028   (2) Common Stock   3500   $0   (3) 0   D    

Explanation of Responses:
(1)  Pursuant to the terms of the Agreement and Plan of Merger, dated as of November 27, 2018 (as amended, modified, or supplemented prior to the date hereof, the "Merger Agreement"), by and among Gaming Partners International Corporation ("GPIC"), Angel Holdings Godo Kaisha ("Angel") and AGL Nevada Corporation ("Merger Sub"), as of the effective time of the merger contemplated by the Merger Agreement (the "Merger"), Merger Sub merged with and into GPIC, GPIC was the surviving corporation and, as a result thereof, GPIC became a wholly owned subsidiary of Angel. At the effective time of the Merger, each share of GPIC common stock outstanding immediately prior to the effective time of the Merger was converted into the right to receive a cash payment of $13.75 in accordance with the terms of the Merger Agreement.
(2)  Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, these stock options were canceled, terminated, and extinguished, and in exchange therefor, the holder was granted the right to receive a cash payment in accordance with the terms of the Merger Agreement. Pursuant to the terms of the Merger Agreement, the cash payment made in respect of each stock option equals the product of (x) the number of shares issuable upon the exercise of such option multiplied by (y) the excess, if any, of $13.75 over the exercise price per share for such option.
(3)  As previously reported, GPIC granted these stock options to Mr. Lendais, pursuant to the GPIC 1994 Directors' Stock Option Plan, as compensation for his services as a member of the Board of Directors of GPIC. The grant was exempt pursuant to Exchange Act Rule 16b-3.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LENDAIS JEAN-FRANCOIS
3945 W. CHEYENNE AVENUE
#208
NORTH LAS VEGAS, NV 89032 		X



Signatures
/s/ Angela Qustandi by power of attorney for Jean-Francois Lendais 5/2/2019
** 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 control number.
Gaming Partners International Corp. (NASDAQ:GPIC)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Gaming Partners International Corp. Charts.
Gaming Partners International Corp. (NASDAQ:GPIC)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Gaming Partners International Corp. Charts.