Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HODGES LARRY
   2. Issuer Name and Ticker or Trading Symbol
AMERISTAR CASINOS INC [ASCA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, COO
(Last)
(First)
(Middle)
3773 HOWARD HUGHES PKWY, SUITE 490S		 3. Date of Earliest Transaction (Month/Day/Year)
10/28/2011
(Street)

LAS VEGAS, NV 89169		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 27.405 10/28/2011   D(1)     13,200   (1)(2) 06/17/2012 Common Stock 13,200 (1) 1,800 I Family Trust (3)
Stock Options (Right to Buy) $ 20.935 10/28/2011   D(1)     13,200   (1)(4) 06/09/2013 Common Stock 13,200 (1) 1,800 I Family Trust (3)
Stock Options (Right to Buy) $ 31.365 10/28/2011   D(1)     13,200   (1)(5) 06/08/2014 Common Stock 13,200 (1) 1,800 I Family Trust (3)
Stock Options (Right to Buy) $ 27.405 10/28/2011   A(1)   13,200     (1)(2) 06/17/2015 Common Stock 13,200 (1) 13,200 I Family Trust (3)
Stock Options (Right to Buy) $ 20.935 10/28/2011   A(1)   13,200     (1)(4) 06/09/2016 Common Stock 13,200 (1) 13,200 I Family Trust (3)
Stock Options (Right to Buy) $ 31.365 10/28/2011   A(1)   13,200     (1)(5) 06/08/2017 Common Stock 13,200 (1) 13,200 I Family Trust (3)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HODGES LARRY
3773 HOWARD HUGHES PKWY
SUITE 490S
LAS VEGAS, NV 89169		   X     President, COO  

Signatures

 /s/ Peter C. Walsh, Attorney-in-Fact   11/01/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reported transactions involve the amendment of three outstanding options, each amendment resulting in the deemed cancellation of the "old" option to the extent of 88% of the number of shares for which it was exercisable and the grant of a replacement option exercisable for the same number of shares.
(2) The option being amended was originally granted on June 17, 2005 and vested on the first anniversary of the grant date.
(3) Securities owned by The Larry Hodges Family Trust, of which Mr. Hodges is the sole trustee.
(4) The option being amended was originally granted on June 9, 2006 and vested on the first anniversary of the grant date.
(5) The option being amended was originally granted on June 8, 2007 and vested on the first anniversary of the grant date.

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