Andrew Rubenstein - May 10, 2021 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role: CEO and President, Director
Signature: /s/ Derek Harmer, Attorney-in-Fact for Andrew H. Rubenstein
Stock symbol: ACEL
Transactions as of: May 10, 2021
Transactions value $: $400,492
Form type: 4
Date filed: 5/12/2021, 08:34 PM
Next filing: Jun 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$400K	+172K	+4.14%	$2.33^*	4.32M	May 10, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ACEL	Employee Stock Option (right to buy)	Options Exercise	$0	-172K	-50%	$0.00	172K	May 10, 2021	Class A-1 Common Stock	172K	$2.33	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/2 of the converted stock options will vest on May 9, 2020, and the remainder will vest on May 9, 2021, subject to the Reporting Person's continued service to the issuer on each vesting date.

Content

Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/2 of the converted stock options will vest on May 9, 2020, and the remainder will vest on May 9, 2021, subject to the Reporting Person's continued service to the issuer on each vesting date.