SEC Form 4 · accession 0001186747-16-000099
BOYD GAMING CORP · BYD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Smith
Officer — President & CEO · Director
Period of report
Jun 6, 2016
Accepted (ET)
Jun 8, 2016 · 6:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906553
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 6, 2016 | M | 50,000 | $5.22 | A | 953,403 | D | |
| Common StockF1 | Jun 6, 2016 | S | 50,000 | $19.2518 | D | 903,403 | D | |
| Common Stock | Jun 7, 2016 | M | 88,068 | $5.22 | A | 991,471 | D | |
| Common StockF2 | Jun 7, 2016 | S | 88,068 | $19.5726 | D | 903,403 | D | |
| Common Stock | holding | — | — | — | 325 | I | By Spouse |
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)F3 | $5.22 | Jun 6, 2016 | M | 50,000 | D | — | Nov 8, 2022 | Common Stock | 50,000 | 120,068 | D |
| Employee Stock Option (Right to Buy)F3 | $5.22 | Jun 7, 2016 | M | 88,068 | D | — | Nov 8, 2022 | Common Stock | 88,068 | 32,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $19.25 to $19.2750. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2This transaction was executed in multiple trades at prices ranging from $19.4050 to $19.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Options granted under Boyd Gaming Corporation's 2012 Stock Incentive Plan. Vesting plan calls for options to become exercisable at the rate of 33.333% per year on the first day of each successive 12 month period commencing one year from grant date.