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MGM MGM Resorts International

40.75
1.00 (2.52%)
Last Updated: 16:39:16
Delayed by 15 minutes
Share Name Share Symbol Market Type
MGM Resorts International NYSE:MGM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 2.52% 40.75 43.50 40.62 43.43 3,933,731 16:39:16

Statement of Changes in Beneficial Ownership (4)

20/04/2020 10:09pm

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 *

SALEM PAUL J
2. Issuer Name and Ticker or Trading Symbol

MGM Resorts International [ MGM ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

3600 LAS VEGAS BLVD. SOUTH
3. Date of Earliest Transaction (MM/DD/YYYY)

4/16/2020
(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         1517000 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)4/16/2020  A   3166     (2) (2)Common Stock $.01 Par Value ND 3166 $0 3166 D  
Restricted Stock Units  (1)4/16/2020  A   12663     (3) (3)Common Stock $.01 Par Value ND 12663 $0 12663 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 MGM Resorts International common stock. Any fractional shares will be paid in cash upon settlement.
(2) The RSUs will vest upon the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2020 annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.
(3) The RSUs will vest upon the earlier of (i) the one year anniversary of the Board's approval of director compensation, expected to occur on May 7, 2020, or (ii) the date of the Company's 2021 annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SALEM PAUL J
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS, NV 89109
X



Signatures
/s/ Andrew Hagopian III, Attorney-In-Fact4/20/2020
**Signature of Reporting PersonDate

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