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MNTG Mtr Gaming Grp., Inc. (MM)

4.39
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mtr Gaming Grp., Inc. (MM) NASDAQ:MNTG NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.39 0 00:00:00

Statement of Changes in Beneficial Ownership (4)

23/09/2014 10:32pm

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 *

BITTNER JOHN W JR
2. Issuer Name and Ticker or Trading Symbol

MTR GAMING GROUP INC [ MNTG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP and CFO
(Last)          (First)          (Middle)

C/O MTR GAMING GROUP, INC., P.O. BOX 356, STATE ROUTE 2 SOUTH
3. Date of Earliest Transaction (MM/DD/YYYY)

9/19/2014
(Street)

CHESTER, WV 26034
(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   9/19/2014   (6)   M    21900   A $0.00   158810   D    
Common Stock   9/19/2014   (6)   M    10700   A $0.00   169510   D    
Common Stock   9/19/2014   (6)   M    19500   A $0.00   189010   D    
Common Stock   9/19/2014   (6)   F    16615   D $4.43   172395   D    
Common Stock   9/19/2014   (7)   D    172395   D   (7) 0   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
Nonqualified Stock Options (2010 Long Term Incentive Plan)   $3.94   9/19/2014     D         21333      (1) 1/25/2023   Common Stock   21333     (1) 0   D    
Nonqualified Stock Options (2010 Long Term Incentive Plan)   $2.44   9/19/2014     D         19500      (2) 1/27/2022   Common Stock   19500     (2) 0   D    
Restricted Stock Units (2010 Long Term Incentive Plan)   (6)   (6) 9/19/2014     M         21900    9/19/2014   9/19/2014   Common Stock   21900   $0.00   0   D    
Restricted Stock Units (2010 Long Term Incentive Plan)   (6)   (6) 9/19/2014     M         10700    9/19/2014   9/19/2014   Common Stock   10700   $0.00   0   D    
Restricted Stock Units (2010 Long Term Incentive Plan)   (6)   (6) 9/19/2014     M         19500    9/19/2014   9/19/2014   Common Stock   19500   $0.00   0   D    
Common Stock Options (2007 Stock Incentive Plan)   $14.79   9/19/2014     D         20000      (3) 9/19/2014   Common Stock   20000     (3) 0   D    
Common Stock Options (2005 Stock Incentive Plan)   $16.27   9/19/2014     D         20000      (4) 9/19/2014   Common Stock   20000     (4) 0   D    
Common Stock Options (2005 Employment Agreement)   $11.30   9/19/2014     D         25000      (5) 9/19/2014   Common Stock   25000     (5) 0   D    

Explanation of Responses:
( 1)  Date of Grant: January 25, 2013. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
( 2)  Date of Grant: January 27, 2012. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
( 3)  Date of Grant: June 26, 2007. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
( 4)  Date of Grant: April 27, 2007. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
( 5)  Date of Grant: April 13, 2005. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
( 6)  As a result of the consummation of the transactions contemplated pursuant to the previously disclosed merger agreement, each of these RSUs vested and settled into shares of common stock of Eldorado Resorts, Inc.
( 7)  Except with respect to shares received as a result of settlement of RSUs, pursuant to (6), all such shares were disposed pursuant to previously disclosed merger agreement, pursuant to which each share of the issuer's common stock was exchanged for either (a) one share of common stock of Eldorado Resorts, Inc. or (b) $6.05 in cash.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BITTNER JOHN W JR
C/O MTR GAMING GROUP, INC.
P.O. BOX 356, STATE ROUTE 2 SOUTH
CHESTER, WV 26034


EVP and CFO

Signatures
/s/ John W. Bittner, Jr. 9/23/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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