SEC Form 4 · accession 0001127602-16-058292
MGM Growth Properties LLC · MGP
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
William Hornbuckle
Director
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 6:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001656936
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common SharesF1 | holding | — | — | — | 30,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4,F2,F3 | — | Jul 15, 2016 | A | 71 | A | — | — | Class A Common Shares | 71 | 7,214 | D |
Explanation of responses
- F1Representing limited liability company interests.
- F2Restricted Share Units (RSUs) are granted under the MGM Growth Properties LLC 2016 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Class A common shares representing limited liability company interests of the Issuer.
- F3The RSUs will vest on April 19, 2017 (the first anniversary of the date of grant of the RSUs), subject to the terms of the Plan and applicable award agreement.
- F4As previously reported, on 4/19/2016 the reporting person was granted 7,143 RSUs. Dividend equivalent rights accrue with respect to these RSUs (and any previously accrued dividend equivalent rights) when and as dividends are paid on Class A common shares. The additional RSUs being reported reflect the number of RSUs credited to the reporting person's account on 7/15/2016, based on the dividend amount of $0.2632 per share and the closing share price of $26.49 on 7/15/2016.