SEC Form 4 · accession 0000858339-15-000046
CAESARS ENTERTAINMENT Corp · CZR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark P Frissora
Officer — Chief Exec Officer Designate · Director
Period of report
Feb 5, 2015
Accepted (ET)
Feb 6, 2015 · 6:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000858339
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 5, 2015 | A | 200,000 | $0.00 | A | 200,000 | 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 option (right to buy)F2 | $11.51 | Feb 5, 2015 | A | 400,000 | A | — | Feb 5, 2025 | Common Stock | 400,000 | 400,000 | D |
| Employee stock option (right to buy)F3 | $11.51 | Feb 5, 2015 | A | 200,000 | A | — | Feb 5, 2025 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Represents Restricted Stock Units granted on February 5, 2015 and which vest in equal annual installments of 25% on each of February 5, 2016, 2017, and 2018, with the remaining 25% scheduled to vest on February 4, 2019.
- F2The option vests in equal annual installments of 25% on each of February 5, 2016, 2017, and 2018, with the remaining 25% scheduled to vest on February 4, 2019.
- F3The option becomes vested and becomes exercisable, if at all, on the date that is six months immediately following the end of the 30 consecutive trading day period in which the volume weighted average price of one share of Caesars Entertainment Corporation common stock is equal to or greater than $30.00.
Remarks
Mr. Frissora's title is pending subject to regulatory approvals.