ReposiTrak, Inc. — Director's Dealing 2011

May 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARK CITY GROUP INC (PCYG)
CIK: 0000050471
Period of Report: 2011-04-14

Reporting Person: FIELDS RANDALL K (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-18	Common Stock	P	400	$3.90	Acquired	650752	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-14	Series A Convertible Preferred Stock	$10.00	J	78	Acquired		Common Stock (260)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3947145	Direct
Common Stock	30667	Indirect
Common Stock	14073	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 dividends payable on Series A Convertible Preferred Stock.

F2: Series A Convertible Preferred Stock remains convertible so long as the shares remain issued and outstanding

F3: Series B Convertible Preferred Stock remains convertible so long as the shares remain issued and outstanding.

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