SEC Form 4 · accession 0001127602-17-016456
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Taylor
Director
Period of report
May 1, 2017
Accepted (ET)
May 2, 2017 · 7:20 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 | May 1, 2017 | M | 20,000 | $0.00 | A | 20,000 | I | By grantor trust |
| Common Stock $.01 Par Value ND | May 1, 2017 | F | 8,095 | $31.06 | D | 11,905 | I | By grantor trust |
| Common Stock $.01 Par Value NDF1 | May 1, 2017 | S | 11,905 | $31.0161 | D | 0 | I | By grantor trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights | $12.57 | May 1, 2017 | M | 20,000 | D | Jun 15, 2011 | Jun 15, 2017 | Common Stock $.01 Par Value ND | 20,000 | 0 | I |
| Deferred Stock UnitsF2 | — | holding | — | — | — | — | — | Common Stock $.01 Par Value ND | 53,596 | 53,596 | I |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.011 to $31.031, 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.
- F2Represents Deferred Stock Units ("DSUs") under the MGM Resorts International Deferred Compensation Plan for Non-Employee Directors. Each Deferred Stock Unit is the economic equivalent of one share of common stock. The Deferred Stock Units become payable upon the reporting person's temination of service as a Director.