SEC Form 4 · accession 0001104659-15-081569
Caesars Entertainment, Inc. · CZR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Recreational Enterprises, Inc.
10% Owner
Period of report
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 8:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590895
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.00001F1,F2 | Nov 24, 2015 | P$0 | 248,757 | — | A | 11,129,867 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a Retained Interest Agreement entered into in connection with the merger of Eldorado HoldCo LLC ("HoldCo"), the parent company of Eldorado Resorts LLC ("Resorts"), and MTR Gaming Group, Inc., (the "Merger"), Resorts issued shares of Common Stock to acquire the interest in Eldorado Limited Liability Company ("ELLC") not previously owned by Resorts. The value of the ELLC interest acquired by Resorts from Recreational Enterprises, Inc. ("REI") is approximately $ 2,531,000.
- F2These shares are owned directly by REI. Donald L. Carano is a trustee and beneficiary of, and holds investment control over, the Donald L. Carano Family Trust (the "Trust"), which holds a direct ownership interest in REI. Donald L. Carano and the Trust are indirect beneficial owners of the reported securities.