Horner Nanette L. 4
4 · EMPIRE RESORTS INC · Filed Jan 23, 2019
Insider Transaction Report
Form 4
Horner Nanette L.
Chief Compliance Officer
Transactions
- Exercise/Conversion
Common Stock, $.01 par value per share
2019-01-20+11,250→ 27,584 total - Award
Restricted Stock Units
2019-01-20+22,500→ 22,500 total→ Common Stock, par value $.01 per share (22,500 underlying) - Exercise/Conversion
Restricted Stock Units
2019-01-20−11,250→ 11,250 total→ Common Stock, par value $.01 per share (11,250 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Empire Resorts, Inc. (the "Company"). The Company may also elect to settle the vested RSUs for cash at its discretion.
- [F2]Ms. Horner was granted 22,500 RSUs under the Empire Resorts, Inc. 2015 Equity Incentive Plan, as amended (the "Plan"), 11,250 of which RSUs vested immediately on the date of grant and 11,250 of which shall vest on March 20, 2019; provided that the RSUs shall vest immediately upon a Change in Control. Subject to Ms. Horner's continued employment with the Company, the shares of common stock deliverable upon vesting of the RSUs shall be delivered on March 20, 2019. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.