SEC Form 4 · accession 0000899243-19-004934
Red Rock Resorts, Inc. · RRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Joseph J Hasson
Officer — See Remarks
Period of report
Feb 25, 2019
Accepted (ET)
Feb 26, 2019 · 9:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001653653
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CLASS A COMMON STOCK | Feb 25, 2019 | M | 17,260 | $19.50 | A | 17,260 | D | |
| CLASS A COMMON STOCKF1 | Feb 25, 2019 | S | 17,260 | $29.25 | D | 0 | D | |
| CLASS A COMMON STOCK | Feb 26, 2019 | M | 1,500 | $19.50 | A | 1,500 | D | |
| CLASS A COMMON STOCK | Feb 26, 2019 | S | 1,500 | $28.83 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STOCK OPTIONF2 | $19.50 | Feb 25, 2019 | M | 17,260 | D | — | May 2, 2023 | CLASS A COMMON STOCK | 17,260 | 8,522 | D |
| STOCK OPTIONF2 | $19.50 | Feb 26, 2019 | M | 1,500 | D | — | May 2, 2023 | CLASS A COMMON STOCK | 1,500 | 7,022 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.03 to $29.44. The reporting person undertakes to provide to Red Rock Resorts, Inc., any security holder of Red Rock Resorts, 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 above.
- F2Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's 2016 Equity Incentive Plan. The Stock Option Award vests in four equal annual installments beginning on May 2, 2017, subject to the Reporting Person's continued service with the Registrant. The original grant on April 26, 2016 was for 51,562 options, 12,891 of those options vested on May 2, 2017, 12,891 of those options vested on May 2, 2018 and the remaining options were terminated on February 19, 2019.
Remarks
Former EVP & Chief Operating Officer