SEC Form 4 · accession 0001104659-16-116825
Red Rock Resorts, Inc. · RRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Roy
Officer — EVP and COO
Period of report
Apr 29, 2016
Accepted (ET)
May 2, 2016 · 9:35 pm EDT
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 StockF1 | Apr 29, 2016 | A | 30,769 | $0.00 | A | 30,769 | D | |
| Class A Common StockF2 | May 2, 2016 | A | 137,900 | $0.00 | A | 168,669 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $19.50 | Apr 29, 2016 | A | 100,000 | A | — | May 2, 2023 | Class A Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Represents a restricted stock award (the "Restricted Stock Award") pursuant to the Issuer's 2016 Equity Incentive Plan. The Restricted Stock Award vests 50% per year on each of the third and fourth anniversaries of May 2, 2016, subject to the Reporting Person's continued service with the Registrant.
- F2Represents a restricted stock award (the "Substitute Restricted Stock Award") pursuant to the Issuer's 2016 Equity Incentive Plan. On May 2, 2016, the Reporting Person received the Substitute Restricted Stock Award in substitution of the profit units in Station Holdco LLC ("Station Holdco"), a subsidiary of the Issuer, granted to the Reporting Person pursuant to the terms of the Station Holdco Amended and Restated Profit Unit Plan dated as of July 1, 2012, as amended on April 25, 2013. Of the 137,900 shares of restricted stock granted pursuant to the Substitute Restricted Stock Award, 92,000 were fully vested on the grant date, 11,425 will vest on July 31, 2016, 23,050 will vest on January 24, 2017, and 11,425 will vest on July 31, 2017, subject to the Reporting Person's continued service with the Registrant.
- F3Represents 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.