SEC Form 4 · accession 0000899243-18-007456
EMPIRE RESORTS INC · NYNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin D Kline
Officer — See Remarks
Period of report
Mar 12, 2018
Accepted (ET)
Mar 14, 2018 · 9:18 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 12, 2018 | A | 10,000 | $0.00 | A | 10,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Kline was granted 10,000 restricted stock units ("RSUs") under the Empire Resorts, Inc. 2015 Equity Incentive Plan, as amended (the "Plan"), which RSUs vest annually in three equal installments, with one third vesting on March 12, 2019, one third vesting on March 12, 2020 and one third vesting on March 12, 2021. In the event of a Change in Control as such term is defined in the Plan, the RSUs shall vest immediately.
Remarks
Chief Operating Officer and General Manager of Montreign Operating Company, LLC, an indirect, wholly-owned subsidiary of Empire Resorts, Inc.