ReposiTrak, Inc. — Director's Dealing 2011

Mar 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARK CITY GROUP INC (PCYG)
CIK: 0000050471
Period of Report: 2011-01-11

Reporting Person: ALLEN ROBERT W (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-03	Common Stock	J	459	$5.45	Acquired	210850	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-11	Series A Convertible Preferred Stock	$10.00	J	197	Acquired		Common Stock (657)	Direct
2011-01-11	Series A Convertible Preferred Stock	$10.00	J	197	Acquired		Common Stock (657)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37314	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Purchase Warrants	$4.00	2011-05-31	Common Stock (8928)	8928	Direct
Common Stock Purchase Warrants	$4.00	2011-05-31	Common Stock (8929)	8929	Indirect
Series B Convertible Preferred Stock	$10.00		Common Stock (130753)	52301	Direct

Footnotes

F1: Shares issued in lieu of cash compensation for fees for services on the Company's Board of Directors.

F2: Shares were issued in lieu of cash dividends payable on Series A Convertible Preferred Stock.

F3: Series A 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.