SEC Form 4 · accession 0000903423-15-000016
EMPIRE RESORTS INC · NYNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jan 15, 2015
Accepted (ET)
Jan 16, 2015 · 2:10 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 StockF2 | Jan 15, 2015 | X | 4,321,798 | $7.10 | A | 28,523,870 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy)F2 | $7.10 | Jan 15, 2015 | X | 4,321,798 | D | Jan 5, 2015 | Jan 5, 2015 | Common Stock | 4,321,798 | 0 | D |
Explanation of responses
- F1Exercise of rights under rights offering by the Issuer at the exercise price established by the Issuer for such rights offering.
- F2Kien Huat Realty III Ltd. ("Kien Huat") has direct beneficial ownership of the 28,523,870 shares reported in this Form 4 (the "Shares"). Lim Kok Thay ("Mr. Lim") controls Kien Huat through two trusts that directly and indirectly own all the shares of Kien Huat and, therefore, Mr. Lim has indirect beneficial ownership of such Shares. Mr. Lim has the power to remove and replace the trustees of such trusts in his sole discretion and is one of the beneficiaries of such trusts. Mr. Lim disclaims beneficial ownership of the Shares for purposes of Section 16 reporting except to the extent of his pecuniary interest.