JAMES PHYLLIS 4

Accession 0001127602-18-029943

CIK 0000789570other

View on SEC.gov Company Profile

Filed

Oct 9, 8:00 PM ET

Accepted

Oct 10, 7:36 PM ET

Size

27.1 KB

Accession

0001127602-18-029943

Insider Transaction Report

Form 4

Period: 2018-10-05

MGM Resorts InternationalMGM

JAMES PHYLLIS

SVP & SENIOR COUNSEL

Transactions

Tax Payment
Common Stock $.01 Par Value ND
2018-10-06$26.24/sh−213$5,589→ 28,979 total
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-05+19,685→ 29,395 total
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-05+3,645→ 28,246 total
Exercise/Conversion
Profit Growth Plan Performance Share Units
2018-10-05−3,255.806→ 0 total
From: 2018-10-05Exp: 2018-10-05→ Common Stock $.01 Par Value ND (3,255.806 underlying)
Exercise/Conversion
Restricted Stock Units
2018-10-06−867→ 0 total
From: 2015-10-06Exp: 2018-10-06→ Common Stock $.01 Par Value ND (867 underlying)
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-06+867→ 29,192 total
Exercise/Conversion
Performance Share Units
2018-10-05−17,583.199→ 0 total
From: 2018-10-05Exp: 2018-10-05→ Common Stock $.01 Par Value ND (17,583.199 underlying)
Exercise/Conversion
Restricted Stock Units
2018-10-05−1,279→ 1,279.752 total
From: 2016-10-05Exp: 2019-10-05→ Common Stock $.01 Par Value ND (1,279 underlying)
Tax Payment
Common Stock $.01 Par Value ND
2018-10-05$26.24/sh−4,794$125,795→ 24,601 total
Tax Payment
Common Stock $.01 Par Value ND
2018-10-05$26.24/sh−888$23,301→ 27,358 total
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-05+1,279→ 28,637 total
Tax Payment
Common Stock $.01 Par Value ND
2018-10-05$26.24/sh−312$8,187→ 28,325 total

Footnotes (6)

[F1]Based on the average closing price of $28.107 over the 60-calendar-day period ending on the Transaction Date, as adjusted to include accrued dividend equivalents, approximately 1.11958 shares were issued on the Vesting Date per Performance Share Unit ("PSU"). Any fractional shares were paid in cash upon settlement.
[F2]Based on the average closing price of $28.107 over the 60-calendar-day period ending on the Transaction Date, as adjusted to include accrued dividend equivalents, approximately 1.11958 shares were issued on the Vesting Date per Profit Growth Plan Performance Share Unit ("Profit Growth PSU"). Any fractional shares were paid in cash upon settlement.
[F3]PSUs granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Vesting Date"), relative to a target price of $25.76 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Vesting Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Vesting Date per PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Vesting Date per PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Transaction Date.
[F4]Profit Growth PSUs granted under the Plan and the Profit Growth Share Incentive Plan, pursuant to MGM Resorts' Form of Performance Share Units Agreement. Each Profit Growth PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Performance End Date"), relative to a target price of $25.76 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Performance End Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Performance End Date per Profit Growth PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Performance End Date per Profit Growth PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Performance End Date.
[F5]Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.
[F6]RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

MGM Resorts International

CIK 0000789570

→

Entity typeother

Related Parties

filerCIK 0001184905

Filing Metadata

Form type: 4
Filed: Oct 9, 8:00 PM ET
Accepted: Oct 10, 7:36 PM ET
Size: 27.1 KB

View on SEC.gov