CAPPELLI LOUIS 4
4 · EMPIRE RESORTS INC · Filed Jan 6, 2010
Insider Transaction Report
Form 4
CAPPELLI LOUIS
Director
Transactions
- Award
Common Stock, $0.01 par value per share
2010-01-04+10,000→ 10,000 total - Award
Stock Option (right to buy)
2010-01-04−10,000→ 10,000 totalExercise: $2.30Exp: 2015-01-03→ Common Stock, $0.01 par value per share (10,000 underlying)
Holdings
- 5,374,512(indirect: By LLC)
Common Stock, $0.01 par value per share
Footnotes (3)
- [F1]Consists solely of restricted stock issued pursuant to Empire Resorts, Inc.'s 2005 Equity Incentive Plan. All such shares vest on January 4, 2011.
- [F2]Louis R. Cappelli serves as the managing member and majority owner of LRC Acquisition LLC and Cappelli Resorts LLC, and indirectly owns 5,374,512 shares of Empire Resorts, Inc.'s Common Stock, $.01 par value per share. LRC Acquisition LLC directly owns 4,200,000 of these shares. Cappelli Resorts LLC directly owns 1,174,512 of these shares. Each of LRC Acquisition LLC and Cappelli Resorts LLC beneficially owns less than ten percent (10%) of the outstanding shares of Empire. Each of LRC Acquisition LLC and Cappelli Resorts LLC disclaims beneficial ownership of the shares reported on this Form 4 other than the shares directly owned by such person.
- [F3]? of the options are currently exercisable. An additional ? of the options vest on April 4, 2010. An additional ? of the options vest on July 4, 2010. The remaining ? of the options vest on October 4, 2010.