SEC Form 4 · accession 0000899243-19-001817

EMPIRE RESORTS INC · NYNY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Officer — EVP, Chief Counsel, CCO

Period of report

Jan 20, 2019

Accepted (ET)

Jan 23, 2019 · 9:25 pm EST

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 share^F1	Jan 20, 2019	M	11,250	$0.00	A	27,584	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Jan 20, 2019	A	22,500	A	—	—	Common Stock, par value $.01 per share	22,500	22,500	D
Restricted Stock Units^F1,F2	—	Jan 20, 2019	M	11,250	D	—	—	Common Stock, par value $.01 per share	11,250	11,250	D

F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Empire Resorts, Inc. (the "Company"). The Company may also elect to settle the vested RSUs for cash at its discretion.
F2Ms. Horner was granted 22,500 RSUs under the Empire Resorts, Inc. 2015 Equity Incentive Plan, as amended (the "Plan"), 11,250 of which RSUs vested immediately on the date of grant and 11,250 of which shall vest on March 20, 2019; provided that the RSUs shall vest immediately upon a Change in Control. Subject to Ms. Horner's continued employment with the Company, the shares of common stock deliverable upon vesting of the RSUs shall be delivered on March 20, 2019. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.