SEC Form 4 · accession 0001186747-16-000104
BOYD GAMING CORP · BYD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Boyd
Officer — Vice President · Director
Period of report
Sep 2, 2016
Accepted (ET)
Sep 7, 2016 · 4:51 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 | Sep 2, 2016 | M | 7,794 | $6.70 | A | 18,027 | D | |
| Common StockF1 | Sep 2, 2016 | S | 7,794 | $19.7787 | D | 10,233 | D | |
| Common Stock | Sep 2, 2016 | M | 7,794 | $5.22 | A | 18,027 | D | |
| Common StockF1 | Sep 2, 2016 | S | 7,794 | $19.7787 | D | 10,233 | D | |
| Common Stock | Sep 2, 2016 | M | 15,590 | $9.86 | A | 25,823 | D | |
| Common StockF1 | Sep 2, 2016 | S | 4,912 | $19.7787 | D | 20,911 | D | |
| Common StockF4 | holding | — | — | — | 2,000,304 | I | By Trust | |
| Common StockF5 | holding | — | — | — | 39,263 | I | By Trust * |
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 | $6.70 | Sep 2, 2016 | M | 7,794 | D | — | Dec 7, 2021 | Common Stock | 7,794 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $5.22 | Sep 2, 2016 | M | 7,794 | D | — | Nov 8, 2022 | Common Stock | 7,794 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $9.86 | Sep 2, 2016 | M | 15,590 | D | — | Nov 7, 2023 | Common Stock | 15,590 | 7,794 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $19.75 to $19.84. 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.
- F2Options granted under Boyd Gaming Corporation's 2002 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.
- 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.
- F4By William R. Boyd Gaming PropertiesTrust, of which reporting person is Trustee, Settlor and Beneficiary.
- F5By the Sean William Johnson Education Trust (1997) of which William R. Boyd is Trustee.
Remarks
* Reporting person disclaims any beneficial interest in these shares.