4//SEC Filing
Griffin Robert F 4
Accession 0001104659-10-002917
CIK 0000834162other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 2:48 PM ET
Size
15.1 KB
Accession
0001104659-10-002917
Insider Transaction Report
Form 4
Griffin Robert F
Other
Transactions
- Award
Restricted Stock Units (2005 Stock Incentive Plan)
2010-01-22+32,000→ 32,000 totalFrom: 2011-01-22→ Common Stock (32,000 underlying) - Award
Restricted Stock Units (2002 Stock Incentive Plan)
2010-01-22+48,000→ 48,000 totalFrom: 2011-01-22→ Common Stock (48,000 underlying) - Award
Restricted Stock Units (2004 Stock Incentive Plan)
2010-01-22+20,000→ 20,000 totalFrom: 2011-01-22→ Common Stock (20,000 underlying) - Award
Restricted Stock Units (2007 Stock Incentive Plan)
2010-01-22+100,000→ 100,000 totalFrom: 2011-01-22→ Common Stock (100,000 underlying)
Holdings
- 150,000
Common Stock Option/Griffin Employment Agreement
Exercise: $3.71From: 2008-09-19Exp: 2018-09-19→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") entitles the holder of such Unit to receive one share of the Company's common stock in exchange for each Unit, subject to the terms of the applicable Plan and Restricted Stock Unit and Cash Award Agreement (the "Agreement"). Subject to certain provisions, one third of the RSUs granted under each Plan shall vest and become non-forfeitable upon each of the first, second and third anniversaries of the Date of Grant (1/22/10). Unvested RSUs shall vest on the date of a Change of Control (as defined in the applicable Agreement) of the Company. In addition, the undersigned also received certain cash awards under the terms of the respective Agreements entered into with respect to the RSUs. The RSUs shall terminate as provided in the applicable Agreement.
- [F2]This option vests in three tranches (subject to certain termination provisions of Mr. Griffin's Employment Agreement) as follows: the option with respect to the purchase of 50,000 shares vested immediately upon the signing of an Employment Agreement by Mr. Griffin: the second tranch with respect to an additional 50,000 shares vested on the first anniversary date of Mr. Griffin's employment; and the third and final tranch with respect to an additional 50,000 shares will vest on the second anniversary date of Mr. Griffin's employment. The option was granted as an inducement to Mr. Griffin's acceptance of employment with the Issuer. The commencement date of Mr. Griffin's employment with the Issuer was November 1, 2008.
Documents
Issuer
MTR GAMING GROUP INC
CIK 0000834162
Entity typeother
Related Parties
1- filerCIK 0001310056
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 2:48 PM ET
- Size
- 15.1 KB