Form 4 BALLY TECHNOLOGIES, INC. For: Oct 16 Filed by: Davidson Neil (10K)

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, 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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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^*

Davidson Neil

(Last)

(First)

(Middle)

6601 S. BERMUDA ROAD

(Street)

LAS VEGAS

89119

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BALLY TECHNOLOGIES, INC. [BYI]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP, CAO

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2009

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, par value $.10 per share	10/16/2009		M		3,391	A	$ 19.47	13,030	D
Common Stock, par value $.10 per share	10/16/2009		S⁽¹⁾		3,391	D	$ 43	9,639	D
Common Stock, par value $.10 per share	10/16/2009		A		2,000 ⁽⁴⁾	A	$ 0 ⁽³⁾	11,639	D
Common Stock, par value $.10 per share	10/19/2009		M		109	A	$ 19.47	11,748	D
Common Stock, par value $.10 per share	10/19/2009		S⁽¹⁾		109	D	$ 43	11,639	D
Common Stock, par value $.10 per share	10/19/2009		M		2,500	A	$ 23.47	14,139	D
Common Stock, par value $.10 per share	10/19/2009		S⁽¹⁾		2,500	D	$ 43	11,639	D
Common Stock, par value $.10 per share	10/19/2009		M		2,000	A	$ 32.62	13,639	D
Common Stock, par value $.10 per share	10/19/2009		S⁽¹⁾		2,000	D	$ 43	11,735 ⁽⁸⁾	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 Underlying Securities
(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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option Right to Buy)

$ 19.47

10/16/2009

3,391

⁽²⁾

10/25/2016

Common Stock, par value $.10 per share

3,391

$ 0 ⁽³⁾

109

Non-Qualified Stock Option (Right to Buy)

$ 42.54

10/16/2009

6,000

⁽⁵⁾

10/16/2016

Common Stock, par value $.10 per share

6,000

$ 0 ⁽³⁾

6,000

Non-Qualified Stock Option (Right to Buy)

$ 19.47

10/19/2009

109

⁽²⁾

10/25/2016

Common Stock, par value $.10 per share

109

$ 0 ⁽³⁾

Non-Qualified Stock Option (Right to Buy)

$ 23.47

10/19/2009

2,500

⁽⁶⁾

03/08/2017

Common Stock, par value $.10 per share

2,500

$ 0 ⁽³⁾

Non-Qualified Stock Option (Right to Buy)

$ 32.62

10/19/2009

2,000

⁽⁷⁾

04/14/2015

Common Stock, par value $.10 per share

2,000

$ 0 ⁽³⁾

Explanation of Responses:

1. The sales were pursuant to a Rule 10b5-1 Trading Agreement dated September 15, 2009.

2. The options vest as follows: (i) 2,750 on 10/25/2007; (ii) 2,750 on 10/25/2008; (iii) 2,750 on 10/25/2009; and (iv) 2,750 on 10/25/2010.

3. Granted as compensation for services.

4. Restricted Stock vests as follows: (i) 1,000 shares on 10/16/2011; (ii) 500 shares on 10/16/2012; and (iii) 500 shares on 10/16/2013.

5. Stock Options vest as follows: (i) 3,000 shares on 10/16/2011; (ii) 1,500 shares on 10/16/2012; and (iii) 1,500 shares on 10/16/2013.

6. The options vest as follows: (i) 1,250 on 3/08/2008; (ii) 1,250 on 3/08/2009; (iii) 1,250 on 3/08/2010; and (iv) 1,250 on 3/08/2011.

7. The options vest as follows: (i) 2,000 on 4/14/2009; (ii) 2,000 on 4/14/2010; (iii) 2,000 on 4/14/2011; and (iv) 2,000 on 4/14/2012.

8. Includes 96 shares acquired under the Bally Technologies, Inc. Employee Stock Purchase Plan on August 31, 2009.

	/s/Neil Davidson	10/20/2009
	** 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.
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