Home > Insider Trading > Filing (0000899243-19-017234)

Filing Details

Accession Number:: 0000899243-19-017234
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-06-17 19:09:41
Reporting Period:: 2019-06-13

Accepted Time:: 2019-06-17 19:09:41
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
1307631	A. Keith Meister	C/O Corvex Management Lp 667 Madison Avenue New York NY 10065		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-06-13	186,947	$27.85	19,390,632	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2019-06-14	137,021	$27.61	19,527,653	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2019-06-17	107,882	$27.68	19,635,535	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Deferred Stock Units	Acquisiton	2019-06-14	17	$0.00	17	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2019-06-14	27	$0.00	27	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,532			No	4	A	Direct
5,870			No	4	A	Direct

Footnotes

The purchases reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Corvex Management LP ("Corvex").
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.58 to $28.00, inclusive. The Reporting Person undertakes to provide to MGM Resorts International (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 purchased at each separate price within the ranges set forth in footnotes (2), (5) and (6) to this Form 4.
These securities are held for the accounts of certain private investment funds for which Corvex acts as investment adviser, including Corvex Master Fund LP and Corvex Select Equity Master Fund LP. The general partner of Corvex is controlled by the Reporting Person.
For purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.37 to $27.75 inclusive.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.38 to $27.86, inclusive.
Represents Deferred Stock Units ("DSUs") under the MGM Resorts International Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock. The DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
Dividend equivalent rights accrue with respect to these DSUs when and as dividends are paid on the Issuer's common stock and become payable upon the Reporting Person's termination of service as a Director.
Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of the Issuer's common stock.
The RSUs will vest upon the earlier of (i) May 2, 2020 or (ii) the date of the Issuer's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement. Any fractional shares will be paid in cash upon settlement.
Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the Issuer's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.