Form 4

FORM 4

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

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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Pennington, Richard

2. Issuer Name and Ticker or Trading Symbol
International Game Technology (IGT)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
    Director                                       10% Owner
X Officer (give title below)          Other (specify below)

Executive Vice President Product Management       

(Last)      (First)     (Middle)

9295 Prototype Drive
 

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

 

4. Statement for
Month/Day/Year
04/28/2003

(Street)

Reno, NV 89521

5. If Amendment,
Date of Original
(Month/Day/Year)
 		 7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
    Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship 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

04/28/2003

 

S

 

1,955

D

84.48

3,078(2)

D

 

Common Stock

04/28/2003

 

S

 

3,078

D

84.47

0

D

 

Common Stock(1)

04/28/2003

 

M

 

1,600

A

17.625

1,600

D

 

Common Stock(1)

04/28/2003

 

M

 

334

A

18.25

1,934

D

 

Common Stock(1)

04/28/2003

 

M

 

1,499

A

21.875

3,433

D

 

Common Stock(1)

04/28/2003

 

M

 

4,067

A

18.875

7,500

D

 
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).

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FORM 4 (continued)

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. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Employee Stock Option(1)

18.25

04/28/2003

 

M

 

 

334

12/31/97(3)

12/31/2006

Common Stock

334

 

0

D

 

Employee Stock Option(1)

21.875

04/28/2003

 

M

 

 

1,499

12/17/98(3)

12/17/2007

Common Stock

1,499

 

0

D

 

Employee Stock Option(1)

18.875

04/28/2003

 

M

 

 

4,067

7/19/2000(3)

7/19/2009

Common Stock

4,067

 

17,333

D

 

Employee Stock Option(1)

17.625

04/28/2003

 

M

 

 

1,600

12/17/97(3)

12/17/2006

Common Stock

1,600

 

0

D

 

Explanation of Responses:

(1) Employee Stock Option granted pursuant to the International Game Technology Stock Option Plan in reliance upon the exemption provided by Rule 16b-3.
(2) Includes 325 shares acquired in March 2002 and 330 shares acquired in March 2003 under the International Game Technology Employee Stock Purchase Plan
(3) The Option became exercisable in equal installments over a five-year period, at the rate of 10% per year, commencing on the first anniversary of the date of grant.
  By: /s/ Virginia Williams with Power of Attorney
             Virginia Williams for Richard Pennington
**Signature of Reporting Person		 4/28/2003
Date

**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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