SEC Form 4 · accession 0001209191-15-000556
EMPIRE RESORTS INC · NYNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nanette L. Horner
Officer — EVP, Chief Counsel, CCO
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 12:51 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 | Jan 2, 2015 | M | 20,000 | $2.79 | A | 40,000 | D | |
| Common Stock, $.01 par value per shareF2 | Jan 2, 2015 | S | 20,000 | $7.5104 | D | 20,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase Common Stock (right to buy)F3 | $2.79 | Jan 2, 2015 | M | 20,000 | D | — | Nov 8, 2015 | Common Stock, $.01 par value per share | 20,000 | 0 | D |
Explanation of responses
- F1The exercise of options held by Ms. Horner and the sale of the underlying shares were effected pursuant to a Rule 10b5-1 trading plan adopted by Ms. Horner effective as of December 16, 2013.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in more than one transaction at price ranging from $7.77 to $7.37, inclusive. The reporting person undertakes to provide to Empire Resorts, Inc., any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The option was fully vested and exercisable as of November 9, 2013.