SEC Form 4 · accession 0000899243-19-001837

EMPIRE RESORTS INC · NYNY

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

Reporting owner

Officer — See Remarks

Period of report

Jan 20, 2019

Accepted (ET)

Jan 23, 2019 · 9:55 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, par value $.01 per share^F1	Jan 20, 2019	M	15,000	$0.00	A	25,000	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	30,000	A	—	—	Common Stock, par value $.01 per share	30,000	30,000	D
Restricted Stock Units^F1,F2	—	Jan 20, 2019	M	15,000	D	—	—	Common Stock, par value $.01 per share	15,000	15,000	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.
F2Mr. Kline was granted 30,000 RSUs under the Empire Resorts, Inc. 2015 Equity Incentive Plan, as amended (the "Plan"), 15,000 of which RSUs vested immediately on the date of grant and 15,000 of which shall vest on March 19, 2020; provided that the RSUs shall vest immediately upon a Change in Control. Subject to Mr. Kline's continued employment with the Company, the shares of common stock deliverable upon vesting of the RSUs shall be delivered on March 19, 2020. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.

Chief Operating Officer and General Manager of Montreign Operating Company, LLC, an indirect, wholly-owned subsidiary of Empire Resorts, Inc.