SEC Form 4 · accession 0001127602-18-008897
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel D'Arrigo
Officer — EXECUTIVE VICE PRESIDENT & CFO
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 8:16 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 | Feb 23, 2018 | M | 75,000 | $0.00 | A | 242,799 | D | |
| Common Stock $.01 Par Value ND | Feb 23, 2018 | F | 38,634 | $34.96 | D | 204,165 | D | |
| Common Stock $.01 Par Value NDF1 | Feb 23, 2018 | S | 36,366 | $34.7824 | D | 167,799 | D |
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 Rights | $10.32 | Feb 23, 2018 | M | 75,000 | D | Sep 12, 2012 | Sep 12, 2018 | Common Stock $.01 Par Value ND | 75,000 | 150,000 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 23, 2018 | A | 7,363 | A | — | Feb 23, 2021 | Common Stock $.01 Par Value ND | 7,363 | 7,363 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.67 to $34.92, 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.
- F2Restricted Stock Units (RSUs) granted under the Plan. Each RSU represents the right to receive one share of MGM Resorts common stock.
- F3The RSUs are fully vested. Delivery of shares will be made on the third anniversary of the transaction date.