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: KRAUSS SETH D (Exec VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-14	Common Stock	S	1500	$10.1401	Disposed	97728	Direct
2010-06-16	Common Stock	A	70888	—	Acquired	168616	Direct

Footnotes

F1: The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person and was effected to satisfy the reporting person's tax obligations upon the vesting of previously granted shares of restricted stock.

F2: Represents the acquisition of shares pursuant to an employment agreement. The shares of restricted stock will vest in three equal annual installments commencing on the first anniversary of the grant date. As provided by the terms of the employment agreement, (i) the grant date is the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q; and (ii) the number of shares was determined based on a grant value of $750,000 and a price of $10.58 per share, the average of the closing prices on the ten trading days prior to the date of grant.