SEC Form 4 · accession 0001127602-16-066738
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Murren
Officer — CHAIRMAN & CEO · Director
Period of report
Nov 9, 2016
Accepted (ET)
Nov 10, 2016 · 9:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000789570
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock $.01 Par Value ND | Nov 9, 2016 | M | 262,500 | $0.00 | A | 1,171,984 | D | |
| Common Stock $.01 Par Value ND | Nov 9, 2016 | F | 171,975 | $27.9857 | D | 1,000,009 | D | |
| Common Stock $.01 Par Value NDF1 | Nov 9, 2016 | S | 90,525 | $27.9861 | D | 909,484 | D | |
| Common Stock $.01 Par Value ND | holding | — | — | — | 175,329 | I | By spousal limited access trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Appreciation RightsF2 | $11.36 | Nov 9, 2016 | M | 262,500 | D | Oct 4, 2011 | Oct 14, 2017 | Common Stock $.01 Par Value ND | 262,500 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.70 to $28.39, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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.
- F2Stock Appreciation Rights ("SARs") granted under the Plan. The SARs will vest in four equal annual installments beginning on the first anniversary of the grant date.