SEC Form 4 · accession 0001174922-17-000184
WYNN RESORTS LTD · WYNN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matt Maddox
Officer — President
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001174922
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share | Nov 13, 2017 | M | 50,000 | $107.95 | A | 357,686 | D | |
| Common Stock, par value $0.01 per share | Nov 13, 2017 | M | 30,000 | $47.12 | A | 387,686 | D | |
| Common Stock, par value $0.01 per shareF1 | Nov 13, 2017 | S | 58,258 | $155.11 | D | 329,428 | D | |
| Common Stock, par value $0.01 per shareF2 | Nov 13, 2017 | S | 1,002 | $155.74 | D | 328,426 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy) | $107.95 | Nov 13, 2017 | M | 50,000 | D | Dec 5, 2016 | May 6, 2018 | Common Stock, par value $0.01 per share | 50,000 | 25,000 | D |
| Stock Options (right to buy)F3 | $47.12 | Nov 13, 2017 | M | 30,000 | D | — | May 6, 2019 | Common Stock, par value $0.01 per share | 30,000 | 60,000 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $154.69 and $155.68. The reporting person, upon request by the staff of the SEC, Wynn Resorts, Limited (the "Company") or by a security holder of the Company, undertakes to provide further information regarding the number of securities sold at each price.
- F2Represents the weighted average price of multiple transactions with a range of prices between $155.69 and $155.75. The reporting person, upon request by the staff of the SEC, the Company or by a security holder of the Company, undertakes to provide further information regarding the number of securities sold at each price.
- F3The original grant of 300,000 options vests 10 percent per year on each anniversary of the date of grant; provided, that if the reporting person ceases to be an employee of the Company any options that are unvested at such time will be forfeited.