SEC Form 4 · accession 0001209191-18-049978
GOLDEN ENTERTAINMENT, INC. · GDEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lyle Berman
Director
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 8:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001071255
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Sep 4, 2018 | M | 15,000 | $4.79 | A | 913,293 | D | |
| Common stock | Sep 4, 2018 | M | 51,198 | $5.09 | A | 964,491 | D | |
| Common stock | Sep 4, 2018 | M | 255 | $2.07 | A | 964,746 | D | |
| Common stock | Sep 4, 2018 | F | 11,477 | $29.01 | D | 953,269 | D | |
| Common stockF1 | Sep 4, 2018 | S | 16,381 | $28.10 | D | 936,888 | D | |
| Common stock | Sep 5, 2018 | M | 8,410 | $5.09 | A | 945,298 | D | |
| Common stock | Sep 5, 2018 | M | 39,745 | $2.07 | A | 985,043 | D | |
| Common stock | Sep 5, 2018 | M | 9,334 | $5.09 | A | 994,377 | D | |
| Common stock | Sep 5, 2018 | F | 6,261 | $27.56 | D | 988,116 | D | |
| Common stockF2 | Sep 5, 2018 | S | 20,112 | $27.00 | D | 968,004 | D | |
| Common stock | Sep 6, 2018 | M | 57,797 | $5.09 | A | 1,025,801 | D | |
| Common stock | Sep 6, 2018 | M | 30,000 | $4.43 | A | 1,055,801 | D | |
| Common stock | Sep 6, 2018 | F | 15,823 | $26.99 | D | 1,039,978 | D | |
| Common stockF3 | holding | — | — | — | 211,403 | I | By Berman Consulting Corporation | |
| Common stock | holding | — | — | — | 156,880 | I | By Lyle A. Berman Roth IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F4 | $4.79 | Sep 4, 2018 | M | 15,000 | D | — | Jan 27, 2019 | Common stock | 15,000 | 0 | D |
| Stock option (right to buy)F5 | $5.09 | Sep 4, 2018 | M | 51,198 | D | — | Sep 21, 2019 | Common stock | 51,198 | 66,207 | D |
| Stock option (right to buy)F6 | $2.07 | Sep 4, 2018 | M | 255 | D | — | Oct 14, 2020 | Common stock | 255 | 39,745 | D |
| Stock option (right to buy)F5 | $5.09 | Sep 5, 2018 | M | 8,410 | D | — | Sep 21, 2019 | Common stock | 8,410 | 57,797 | D |
| Stock option (right to buy)F6 | $2.07 | Sep 5, 2018 | M | 39,745 | D | — | Oct 14, 2020 | Common stock | 39,745 | 0 | D |
| Stock option (right to buy)F7 | $5.09 | Sep 5, 2018 | M | 9,334 | D | — | Sep 21, 2019 | Common stock | 9,334 | 0 | D |
| Stock option (right to buy)F5 | $5.09 | Sep 6, 2018 | M | 57,797 | D | — | Sep 21, 2019 | Common stock | 57,797 | 0 | D |
| Stock option (right to buy)F8 | $4.43 | Sep 6, 2018 | M | 30,000 | D | — | Feb 11, 2023 | Common stock | 30,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.35. The reporting person undertakes to provide to Golden Entertainment, Inc., any security holder of Golden Entertainment, Inc., 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 set forth in this footnote (1) to Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a price of $27.00. The reporting person undertakes to provide to Golden Entertainment, Inc., any security holder of Golden Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold set forth in this footnote (2) to Form 4.
- F3Berman Consulting Corporation is a corporation wholly owned by the Reporting Person.
- F4The options, representing a right to purchase a total of 15,000 shares, became exercisable in three equal annual installments beginning on January 28, 2010, which was the first anniversary of the date on which the options were granted. The options were due to expire in 2019.
- F5The options, representing a right to purchase a total of 117,405 shares, became exercisable in two equal annual installments beginning on September 22, 2010, which was the first anniversary of the date on which the options were granted. The options were due to expire in 2019.
- F6The options, representing a right to purchase a total of 40,000 shares, became exercisable in three equal annual installments beginning on October 15, 2011.
- F7The options, representing a right to purchase a total of 9,334 shares, became exercisable in five equal annual installments beginning on September 22, 2010, which was the first anniversary of the date on which the options were granted. The options were due to expire in 2019.
- F8The options, representing a right to purchase a total of 30,000 shares, became exercisable in three equal annual installments beginning on February 12, 2014.