SEC Form 4 · accession 0001127602-17-012237

MGM Resorts International · MGM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CHAIRMAN & CEO · Director

Period of report

Mar 15, 2017

Accepted (ET)

Mar 17, 2017 · 6:40 pm EDT

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	holding	—	—		—	969,111	D
Common Stock $.01 Par Value ND	holding	—	—		—	175,329	I	By spousal limited access trusts

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2,F1	—	Mar 15, 2017	A	313	A	—	—	Common Stock $.01 Par Value ND	313	76,678	D
Restricted Stock Units^F2,F3	—	Mar 15, 2017	A	44	A	Oct 7, 2014	Oct 7, 2017	Common Stock $.01 Par Value ND	44	10,674	D
Restricted Stock Units^F2,F3	—	Mar 15, 2017	A	81	A	Oct 6, 2015	Oct 6, 2018	Common Stock $.01 Par Value ND	81	19,806	D
Restricted Stock Units^F2,F3	—	Mar 15, 2017	A	199	A	Oct 5, 2016	Oct 5, 2019	Common Stock $.01 Par Value ND	199	48,691	D
Restricted Stock Units^F2,F3	—	Mar 15, 2017	A	213	A	Oct 3, 2017	Oct 3, 2020	Common Stock $.01 Par Value ND	213	52,117	D

F1Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, subject to the terms set forth below, one share of MGM Resorts common stock. The RSUs cliff vest on December 31, 2021, with delivery automatically deferred until Mr. Murren's separation from the Company (unless such separation is determined to have been for Employer's Good Cause, as defined in his employment agreement), and are subject to automatic forfeiture in the event of Mr. Murren's termination for any reason prior to December 31, 2021.
F2Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock. The additional RSUs being reported reflect dividend equivalent rights at $26.82 per RSU credited to the reporting person's account on 3/15/2017.
F3RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.