SEC Form 4 · accession 0001127602-18-036693
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Salem
Director
Period of report
Sep 30, 2018
Accepted (ET)
Dec 18, 2018 · 8:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000789570
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1 | — | Sep 30, 2018 | A | 1,164 | A | — | — | Common Stock $.01 Par Value ND | 1,164 | 1,164 | D |
| Deferred Stock UnitsF2,F1 | — | Dec 14, 2018 | A | 5 | A | — | — | Common Stock $.01 Par Value ND | 5 | 1,170 | D |
| Restricted Stock UnitsF6,F3,F4,F5 | — | Dec 14, 2018 | A | 18 | A | — | — | Common Stock $.01 Par Value ND | 18 | 3,937 | D |
Explanation of responses
- F1Represents 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 termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
- F2Dividend equivalent rights accrue with respect to these DSUs when and as dividends are paid on MGM Resorts International's common stock and become payable upon the reporting person's termination of service as a Director.
- F3Restricted 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 MGM Resorts common stock.
- F4The RSUs will vest upon the earlier of (i) August 22, 2019 or (ii) the date of the Company's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement. Any fractional shares will be paid in cash upon settlement.
- F5RSUs do not have an expiration date.
- F6Dividend 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.