SEC Form 4 · accession 0001127602-18-021514
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Corey Ian Sanders
Officer — CHIEF OPERATING OFFICER
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 8:23 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 | — | — | — | 203,425 | D | ||
| Common Stock $.01 Par Value ND | holding | — | — | — | 11,474 | I | By CIS 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 UnitsF2,F1 | — | Jun 15, 2018 | A | 14 | A | Oct 6, 2015 | Oct 6, 2018 | Common Stock $.01 Par Value ND | 14 | 3,599 | D |
| Restricted Stock UnitsF2,F1 | — | Jun 15, 2018 | A | 48 | A | Oct 5, 2016 | Oct 5, 2019 | Common Stock $.01 Par Value ND | 48 | 12,582 | D |
| Restricted Stock UnitsF2,F1 | — | Jun 15, 2018 | A | 56 | A | Oct 3, 2017 | Oct 3, 2020 | Common Stock $.01 Par Value ND | 56 | 14,629 | D |
| Restricted Stock UnitsF2,F1 | — | Jun 15, 2018 | A | 118 | A | Nov 14, 2018 | Nov 14, 2021 | Common Stock $.01 Par Value ND | 118 | 30,763 | D |
| Restricted Stock UnitsF2,F3,F4 | — | Jun 15, 2018 | A | 63 | A | — | Feb 23, 2021 | Common Stock $.01 Par Value ND | 63 | 16,334 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of 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.
- F2Dividend 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.
- F3RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock.
- F4The RSUs are fully vested. Delivery of shares will be made on the third anniversary of the grant date.