MANDALAY RESORT GROUP 4
4 · MANDALAY RESORT GROUP · Filed Apr 25, 2005
Insider Transaction Report
Form 4
MORE DONNA B
Director
Transactions
- Other
Common Stock ($.01 2/3 Par Value)
2005-04-25$71.00/sh−6,050$429,550→ 0 total - Other
Option
2005-04-25$71.00/sh−3,000$213,000→ 0 totalExercise: $26.44From: 2003-06-26Exp: 2005-04-25→ Common Stock (3,000 underlying) - Other
Option
2005-04-25$71.00/sh−5,000$355,000→ 0 totalExercise: $17.25From: 2002-10-02Exp: 2005-04-25→ Common Stock (5,000 underlying) - Other
Option
2005-04-25$71.00/sh−4,000$284,000→ 0 totalExercise: $26.44From: 2002-06-20Exp: 2005-04-25→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger dated as of June 15, 2004 among MGM MIRAGE, Mandalay Resort Group ("Mandalay") and MGM MIRAGE Acquisition Co. #61 (the "Merger Agreement"), at the effective time of the merger contemplated therein, each outstanding share of Mandalay common stock, par value $.012/3 per share ("Mandalay Common Stock") was converted into the right to receive $71.00 in cash, without interest (the "Merger Consideration").
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the merger contemplated therein, each outstanding unexercised option to purchase shares of Mandalay Common Stock (the "Options") previously granted by Mandalay or its subsidiaries was canceled automatically and the Reporting Person was provided with a lump sum cash payment equal to the product of (i) the total number of shares of Mandalay Common Stock subject to such Option immediately prior to the effective time of the merger and (ii) the excess of the Merger Consideration over the exercise price per share of Mandalay Common Stock subject to such Option, less withholding taxes.