Filing Details

Accession Number:
0001104659-11-064897
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-11-17 16:52:23
Reporting Period:
2011-11-16
Filing Date:
2011-11-17
Accepted Time:
2011-11-17 16:52:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
834162 Mtr Gaming Group Inc MNTG Hotels & Motels (7011) 841103135
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1510498 J Jeffrey Dahl C/O Mtr Gaming Group, Inc.
P. O. Box 356, State Route 2 South
Chester WV 26034
President & Ceo 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 Acquisiton 2011-11-17 43,090 $1.75 60,000 No 4 P Direct
Common Stock Acquisiton 2011-11-16 1,100 $1.75 16,910 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units (2010 Long Term Incentive Plan) $0.00 2014-01-28 37,600 37,600 Direct
Common Stock Nonqualified Stock Options (2010 Long Term Incentive Plan) $2.32 2021-01-28 112,700 112,700 Direct
Common Stock Nonqualified Stock Options (2010 Long Term Incentive Plan) $2.04 2021-01-10 150,000 150,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
37,600 37,600 Direct
2021-01-28 112,700 112,700 Direct
2021-01-10 150,000 150,000 Direct
Footnotes
  1. Date of Grant: January 28, 2011. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of MTR Gaming Group, Inc. in exchange for each RSU, subject to the terms of the 2010 Long-Term Incentive Plan and the Restricted Stock Unit Award Agreement (the "Agreement"). Subject to certain provisions, 100% of the RSUs granted will vest and become non-forfeitable upon the third anniversary of the date of grant (or January 28, 2014). Unvested RSUs shall vest immediately upon (x) the termination of employment if such termination is not due to cause, or by the death or the disability of the reporting person and (y) consummation of a change of control of the Company. The RSUs shall terminate as provided in the applicable Agreement.
  2. Date of Grant: January 28, 2011. Subject to the provisions of the 2010 Long-Term Incentive Plan and the Nonqualified Stock Option Award Agreement, the nonqualified stock options vest and become exercisable in three equal annual installments, 33% on the first anniversary of the date of grant (or January 28, 2012), 33% on the second anniversary of the date of grant (or January 28, 2013) and 34% on the third anniversary of the date of grant (or January 28, 2014); and will vest immediately upon (x) the termination of employment by the death or the disability of the reporting person and (y) consummation of a change of control of the Company.
  3. Date of Grant: January 10, 2011. Subject to the provisions of the Nonqualified Stock Option Award Agreement, the nonqualified stock options vest and become exercisable in three equal annual installments, one-third on the date of grant (or January 10, 2011), one-third on January 10, 2012 and one-third on January 10, 2013; and will vest immediately upon (x) the termination of employment if such termination is not due to cause, or by the death or the disability of the reporting person and (y) consummation of a change of control of the Company.