TAKE TWO INTERACTIVE SOFTWARE INC — Director's Dealing 2010

Jun 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK: 0000946581
Period of Report: 2010-06-14

Reporting Person: Feder Benjamim (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-14	Common Stock	S	87160	$10.21	Disposed	1100000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44012	Direct

Footnotes

F1: The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by ZelnickMedia Corporation ("ZelnickMedia"), of which Mr. Feder is a partner, and was effected to satisfy the tax obligations of the partners of ZelnickMedia upon the vesting of shares of restricted stock previously granted to ZelnickMedia, as further described in Footnote (2) below.

F2: On June 13, 2010, 200,000 shares of restricted stock previously granted to ZelnickMedia vested. On June 14, 2010, ZelnickMedia (i) distributed a total of 112,840 shares to its partners, including 21,416 shares to Mr. Feder, pursuant to a Section 16 exempt transaction and (ii) sold a total of 87,160 shares pursuant to the Rule 10b5-1 trading plan referred to in Footnote (1) to satisfy the tax obligations of its partners receiving shares in the distribution, including 14,409 shares sold to satisfy Mr. Feder's tax obligations.

F3: Represents 1,100,000 shares of Common Stock held directly by ZelnickMedia (such shares are not held individually by Mr. Feder). Does not include 220,228 shares previously distributed by ZelnickMedia to its affiliates (other than Mr. Feder) pursuant to Section 16 exempt transactions, including the shares distributed on June 14, 2010, as referred to in Footnote (2) above.

F4: Represents 44,012 shares of Common Stock held directly by Ben Feder.