SEC Form 4 · accession 0001127602-18-036703
MGM Resorts International · MGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Selwood
Officer — EVP - CHIEF ACCOUNTING OFFICER
Period of report
Dec 14, 2018
Accepted (ET)
Dec 18, 2018 · 8:36 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 | holding | — | — | — | 154,277 | D |
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 | — | Dec 14, 2018 | A | 13 | A | Oct 5, 2016 | Oct 5, 2019 | Common Stock $.01 Par Value ND | 13 | 2,784 | D |
| Restricted Stock UnitsF2,F1 | — | Dec 14, 2018 | A | 19 | A | Oct 3, 2017 | Oct 3, 2020 | Common Stock $.01 Par Value ND | 19 | 4,316 | D |
| Restricted Stock UnitsF2,F1 | — | Dec 14, 2018 | A | 37 | A | Nov 14, 2018 | Nov 14, 2021 | Common Stock $.01 Par Value ND | 37 | 8,170 | D |
| Restricted Stock UnitsF2,F3 | — | Dec 14, 2018 | A | 60 | A | Oct 19, 2019 | Oct 19, 2022 | Common Stock $.01 Par Value ND | 60 | 13,231 | 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. Any fractional shares will be paid in cash upon settlement.
- 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. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2019 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.