Statement of Changes in Beneficial Ownership (4)
December 18 2019 - 6:52PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
|
1. Name and Address of Reporting Person
*
SELWOOD ROBERT |
2. Issuer Name and Ticker or Trading Symbol
MGM Resorts International
[
MGM
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP - CHIEF ACCOUNTING OFFICER |
|
(Last)
(First)
(Middle)
3600 LAS VEGAS BLVD. SOUTH |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/16/2019 |
|
(Street)
LAS VEGAS, NV 89109
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
| Common Stock $.01 Par Value ND | | | | | | | | 180572 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Restricted Stock Units | (1) | 12/16/2019 | | A | | 8.6325 | | 10/3/2017 | 10/3/2020 | Common Stock $.01 Par Value ND | 8.6325 | (2) | 2197.4628 | D | |
| Restricted Stock Units | (1) | 12/16/2019 | | A | | 21.7903 | | 11/14/2018 | 11/14/2021 | Common Stock $.01 Par Value ND | 21.7903 | (2) | 5544.7903 | D | |
| Restricted Stock Units | (3) | 12/16/2019 | | A | | 39.7023 | | 10/19/2019 | 10/19/2022 | Common Stock $.01 Par Value ND | 39.7023 | (2) | 10102.7023 | D | |
| Restricted Stock Units | (4) | 12/16/2019 | | A | | 50.8203 | | 10/7/2020 | 10/7/2023 | Common Stock $.01 Par Value ND | 50.8203 | (2) | 12931.8203 | D | |
| Explanation of Responses: |
| (1) | Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of common stock. Any fractional shares are paid in cash upon settlement. |
| (2) | Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue. |
| (3) | RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. |
| (4) | RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts International common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts International, during the six-month period ending on June 30, 2020 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued. |
Reporting Owners
|
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
SELWOOD ROBERT
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS, NV 89109 |
|
| EVP - CHIEF ACCOUNTING OFFICER |
|
Signatures
|
| /s/ Andrew Hagopian III, Attorney-In-Fact | | 12/18/2019 |
| **Signature of Reporting Person | Date |
MGM Resorts (NYSE:MGM)
Historical Stock Chart
From Mar 2024 to Apr 2024
MGM Resorts (NYSE:MGM)
Historical Stock Chart
From Apr 2023 to Apr 2024
