SEC Form 4 · accession 0001127602-18-012154
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Hornbuckle
Officer — PRESIDENT
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 7:48 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 NDF1 | holding | — | — | — | 122,848 | I | In trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F2 | — | Mar 15, 2018 | A | 13 | A | Oct 6, 2015 | Oct 6, 2018 | Common Stock $.01 Par Value ND | 13 | 4,015 | D |
| Restricted Stock UnitsF3,F2 | — | Mar 15, 2018 | A | 42 | A | Oct 5, 2016 | Oct 5, 2019 | Common Stock $.01 Par Value ND | 42 | 12,534 | D |
| Restricted Stock UnitsF3,F2 | — | Mar 15, 2018 | A | 49 | A | Oct 3, 2017 | Oct 3, 2020 | Common Stock $.01 Par Value ND | 49 | 14,573 | D |
| Restricted Stock UnitsF3,F2 | — | Mar 15, 2018 | A | 103 | A | Nov 14, 2018 | Nov 14, 2021 | Common Stock $.01 Par Value ND | 103 | 30,646 | D |
| Restricted Stock UnitsF3,F4,F5 | — | Mar 15, 2018 | A | 61 | A | — | Feb 23, 2021 | Common Stock $.01 Par Value ND | 61 | 18,224 | D |
Explanation of responses
- F1On March 19, 2018, the reporting person transferred 26,289 shares of Class A common stock from his direct holdings into his trust.
- F2Restricted Stock Units ("RSUs") 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.
- F3Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
- F4RSUs granted under the Plan. Each RSU represents the right to receive one share of MGM Resorts common stock.
- F5The RSUs are fully vested. Delivery of shares will be made on the third anniversary of the grant date.