SEC Form 4 · accession 0001127602-17-001978
MGM Growth Properties LLC · MGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John McManus
Director
Period of report
Jan 13, 2017
Accepted (ET)
Jan 18, 2017 · 8:18 pm EST
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 | — | — | — | 12,500 | 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 | — | Jan 13, 2017 | A | 226 | A | — | — | Class A Common Shares | 226 | 14,877 | 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.
- F4Dividend 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 dividend equivalent rights at $25.07per RSU credited to the reporting person's account on 1/13/2017.