SEC Form 4 · accession 0001437749-16-033875
GOLDEN ENTERTAINMENT, INC. · GDEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake L Sartini
Officer — Chairman, President and CEO · Director · 10% Owner
Period of report
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 3:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001071255
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $9.05 | Jun 13, 2016 | A | 440,000 | A | — | Aug 26, 2025 | Common Stock | 440,000 | 440,000 | D |
Explanation of responses
- F1The option grant was approved by the Compensation Committee of Golden Entertainment, Inc.'s board of directors on August 27, 2015, subject to shareholder approval of the Golden Entertainment, Inc. 2015 Incentive Award Plan under which the option was granted. Golden Entertainment, Inc.'s shareholders approved the plan on June 13, 2016.
- F21/4 of the total number of shares of common stock subject to the option vest on 08/27/16, and 1/48 of the total number of shares of common stock subject to the option vest on the last day of each one-month period following 08/27/16. Notwithstanding the foregoing vesting schedule, in no event may the option be exercised prior to the earlier of (i) 08/01/18, or (ii) immediately prior to the consummation of a "change in control" under Section 2.8(a), (c) or (d) of the 2015 Incentive Award Plan which results in an "ownership change" as defined in Section 382 of the Internal Revenue Code of 1986, as amended, or any successor statute.