4//SEC Filing
EMPIRE RESORTS INC 4
Accession 0000921895-09-001686
CIK 0000906780operating
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 11:05 AM ET
Size
13.0 KB
Accession
0000921895-09-001686
Insider Transaction Report
Form 4
BERNSTEIN JOSEPH E
Chief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2009-06-16+1,000,000→ 1,000,000 totalExercise: $1.78Exp: 2019-06-07→ Common Stock, $.01 par value per share (1,000,000 underlying) - Award
Stock Option (Right to Buy)
2009-06-16+250,000→ 250,000 totalExercise: $1.14Exp: 2014-04-26→ Common Stock, $.01 par value per share (250,000 underlying) - Award
Stock Option (Right to Buy)
2009-06-16+250,000→ 250,000 totalExercise: $1.14From: 2009-06-16Exp: 2014-04-26→ Common Stock, $.01 par value per share (250,000 underlying) - Award
Stock Option (Right to Buy)
2009-06-16+500,000→ 500,000 totalExercise: $1.78Exp: 2014-06-07→ Common Stock, $.01 par value per share (500,000 underlying)
Footnotes (2)
- [F1]The options will vest upon the consummation of a debt restructure transaction with an entity sourced by Mr. Bernstein pursuant to the terms of Mr. Bernstein's employment agreement.
- [F2]33% of the options will vest on December 1, 2009, 33% of the options will vest on June 1, 2010 and 34% of the options will vest on December 1, 2010, provided, however, that all such options shall vest on December 31, 2009 if Mr. Bernstein?s employment agreement is not extended for an additional 12 months after December 31, 2009 and he has not resigned or been terminated for cause pursuant to the terms of such employment agreement.
Documents
Issuer
EMPIRE RESORTS INC
CIK 0000906780
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000906780
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 11:05 AM ET
- Size
- 13.0 KB