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MGM MGM Resorts International

39.40
-2.21 (-5.31%)
01 May 2024 - Closed
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
  -2.21 -5.31% 39.40 41.30 39.35 41.27 5,807,991 01:00:00

Statement of Changes in Beneficial Ownership (4)

17/06/2021 10:58pm

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 *

HORNBUCKLE WILLIAM
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
__X__ Officer (give title below)    _____ Other (specify below)
CEO AND PRESIDENT
(Last)          (First)          (Middle)

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

6/15/2021
(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         224748 D  
Common Stock $.01 Par Value ND         107884 I In trust 

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)6/15/2021  A   0.4746    11/14/2018 11/14/2021 Common Stock $.01 Par Value ND 0.4746  (2)8018.6156 D  
Restricted Stock Units  (3)6/15/2021  A   1.2679    10/19/2019 10/19/2022 Common Stock $.01 Par Value ND 1.2679  (2)21424.3163 D  
Restricted Stock Units  (4)6/15/2021  A   0.3698    2/21/2020 (5)2/21/2023 Common Stock $.01 Par Value ND 0.3698  (2)6247.7511 D  
Restricted Stock Units  (4)6/15/2021  A   0.8172    2/27/2021 (5)2/27/2024 Common Stock $.01 Par Value ND 0.8172  (2)13807.6599 D  
Restricted Stock Units  (6)6/15/2021  A   1.9982    4/1/2021 4/1/2024 Common Stock $.01 Par Value ND 1.9982  (2)33763.9982 D  
Restricted Stock Units  (7)6/15/2021  A   17.1703    4/1/2022 4/1/2022 Common Stock $.01 Par Value ND 17.1703  (2)290126.2694 D  
Restricted Stock Units  (1)6/15/2021  A   9.0425    8/18/2021 8/18/2024 Common Stock $.01 Par Value ND 9.0425  (2)152791.8679 D  

Explanation of Responses:
(1) Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. Any fractional shares are paid in cash upon settlement.
(2) Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the Company's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
(3) RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date.
(4) RSUs granted under the Plan. Each RSU represents the right to receive one share of Company common stock. Any fractional shares are paid in cash upon settlement.
(5) The RSUs are fully vested. Delivery of shares is made in four equal annual installments commencing on the first anniversary of the grant date.
(6) RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. The RSUs were granted on April 1, 2020 as part of the Reporting Person's 2020 annual equity award pursuant to the terms of his new employment agreement with the Company.
(7) RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs will cliff vest on the second anniversary of the grant date. If the Reporting Person's employment with the Company terminates as a result of a "Special No-Cause Termination" as defined in the Reporting Person's employment agreement then the RSUs will vest in full and become payable within 30 days from the date of his separation.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
HORNBUCKLE WILLIAM
3600 LAS VEGAS BLVD., S.
LAS VEGAS, NV 89109
X
CEO AND PRESIDENT

Signatures
/s/ Jessica Cunningham, Attorney-In-Fact6/17/2021
**Signature of Reporting PersonDate

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