EMPIRE RESORTS INC 5
5 · EMPIRE RESORTS INC · Filed Jan 6, 2010
Insider Transaction Report
Form 5
BERNSTEIN JOSEPH E
Chief Executive Officer
Transactions
- Gift
Common Stock, $.01 par value per share
2009-12-30−60,000→ 1,272,229 total
Holdings
- 52,500(indirect: By Immediate Family)
Common Stock, $.01 par value per share
- 1,500(indirect: By Limited Liability Company)
Common Stock, $.01 par value per share
- 250,000
Stock Option (Right to Buy)
Exercise: $1.14From: 2009-06-16Exp: 2014-04-26→ Common Stock, $.01 par value per share (250,000 underlying) - 500,000
Stock Option (Right to Buy)
Exercise: $1.78From: 2009-12-31Exp: 2014-06-07→ Common Stock, $.01 par value per share (500,000 underlying) - 1,000,000
Stock Option (Right to Buy
Exercise: $1.78Exp: 2019-06-07→ Common Stock, $.01 par value per share (1,000,000 underlying)
Footnotes (4)
- [F1]On December 30, 2009, Mr. Bernstein made a gift of 60,000 shares of the Company to his six children: 50,000 of these shares are held by Mr. Bernstein's wife, Nora Bernstein, as custodian for Mr. Bernstein's children and 10,000 are held by an emancipated adult child of Mr. Bernstein. Mr. Bernstein disclaims beneficial ownership of these shares.
- [F2]These shares are held by Mr. Bernstein's wife, Nora Bernstein, as custodian for Mr. Bernstein's children, including the gift of 50,000 shares referenced in footnote 1 above.
- [F3]These shares are held by Bernstarz LLC. Mr. Bernstein is the sole member of and holds 100% of the membership interests of Bernstarz LLC.
- [F4]The Company has disputed the vesting of these options and Mr. Bernstein subsequently filed notice of his claims against the Company on December 31, 2009.