Filing Details
- Accession Number:
- 0001127602-14-010346
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-03-05 18:13:40
- Reporting Period:
- 2014-03-03
- Filing Date:
- 2014-03-05
- Accepted Time:
- 2014-03-05 18:13:40
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 789570 | Mgm Resorts International | MGM | Hotels & Motels (7011) | 880215232 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1183302 | William Hornbuckle | 3600 Las Vegas Blvd., S. Las Vegas NV 89109 | Pres.,Chief Marketing Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock $.01 Par Value Nd | Acquisiton | 2014-03-05 | 37,500 | $0.00 | 50,191 | No | 4 | M | Direct | |
| Common Stock $.01 Par Value Nd | Disposition | 2014-03-05 | 28,787 | $28.23 | 21,404 | No | 4 | F | Direct | |
| Common Stock $.01 Par Value Nd | Acquisiton | 2014-03-05 | 145,000 | $0.00 | 166,404 | No | 4 | M | Direct | |
| Common Stock $.01 Par Value Nd | Disposition | 2014-03-05 | 79,654 | $28.24 | 86,750 | No | 4 | F | Direct | |
| Common Stock $.01 Par Value Nd | Disposition | 2014-03-05 | 74,059 | $28.26 | 12,691 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock $.01 Par Value Nd | MIP Performance Share Units | Acquisiton | 2014-03-03 | 37,883 | $0.00 | 37,883 | $0.00 |
| Common Stock $.01 Par Value Nd | Employee Stock Appreciation Rights | Disposition | 2014-03-05 | 37,500 | $0.00 | 37,500 | $19.00 |
| Common Stock $.01 Par Value Nd | Employee Stock Appreciation Rights | Disposition | 2014-03-05 | 145,000 | $0.00 | 145,000 | $7.45 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 37,883 | 2017-03-03 | 2017-03-03 | No | 4 | A | Direct |
| 0 | 2010-10-06 | 2015-10-06 | No | 4 | M | Direct |
| 80,000 | 2010-08-03 | 2016-08-03 | No | 4 | M | Direct |
Footnotes
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.22 to $28.29, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.CancelAttach
- Management Incentive Plan Performance Share Units ("MIP PSUs") granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan and the Second Amended and Restated Annual Performance-Based Incentive Plan for Executive Officers, pursuant to MGM Resorts' Form of Performance Share Units Agreement (Bonus Payout). Each MIP PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Performance End Date"), relative to a target price of $31.72 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Performance End Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Performance End Date per MIP PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Performance End Date per MIP PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Performance End Date. MIP PSUs shall not be subject to forfeiture in the event that the participant's employment terminates for any reason.
- MIP PSUs become payable following the earlier of (i) a change in control or (ii) the Performance End Date of March 3, 2017.
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