SEC Form 4 · accession 0000899243-16-016212
EMPIRE RESORTS INC · NYNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Emanuel R Pearlman
Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 3:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1 | Mar 16, 2016 | A | 75,000 | $0.00 | A | 155,866 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock grant under the 2015 Empire Resorts, Inc. Equity Incentive Plan. 18,750 of such shares will vest annually over a four-year period. The shares are subject to immediate vesting in the event that (i) Mr. Pearlman is removed from the Board of Directors (the "Board") other than for cause; (ii) if Mr. Pearlman is not re-nominated by Kien Huat Realty III Limited to stand for election to the Board or (iii) upon a Change in Control of the Company (as defined in the award).