ReposiTrak, Inc. — Director's Dealing 2010

Oct 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARK CITY GROUP INC (PCYG.OB)
CIK: 0000050471
Period of Report: 2010-10-08

Reporting Person: FIELDS RANDALL K (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-20	Common Stock	J	694	$4.95	Acquired	8223	Indirect
2010-10-21	Common Stock	J	1000	$4.40	Acquired	488205	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-08	Series A Convertible Preferred Stock	$10.00	J	78	Acquired		Common Stock (260)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30667	Indirect
Common Stock	4109292	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B Convertible Preferred Stock	$10.00		Common Stock (874065)	349626	Indirect
Series B Convertible Preferred Stock	$10.00		Common Stock (25000)	10000	Indirect

Footnotes

F1: Shares were issued in lieu of cash compensation otherwise due and owing Fields Management, Inc. under the terms of a Services Agreement between Park City Group, Inc. and Fields Management.

F2: Shares issued in connection with Private Placement dated 10/18/2010.

F3: Shares were issued in lieu of cash dividends payable on Series A Convertible Preferred Stock.

F4: Series A Convertible Preferred Stock remains convertible so long as the shares remain issued and outstanding.

F5: Series B Convertible Preferred Stock remains convertible so long as the shares remain issued and outstanding.