Knight Richard 4

4 · MTR GAMING GROUP INC · Filed Jan 26, 2010

Form 4

Period: 2010-01-22

Pres & CEO, Presque Isle Downs

Transactions

Award
Restricted Stock Units (2002 Stock Incentive Plan)
2010-01-22+12,000→ 12,000 total
From: 2011-01-22→ Common Stock (12,000 underlying)
Award
Restricted Stock Units (2005 Stock Incentive Plan)
2010-01-22+8,000→ 8,000 total
From: 2011-01-22→ Common Stock (8,000 underlying)
Award
Restricted Stock UInits (2004 Stock Incentive Plan)
2010-01-22+5,000→ 5,000 total
From: 2011-01-22→ Common Stock (5,000 underlying)
Award
Restricted Stock Units (2007 Stock Incentive Plan)
2010-01-22+25,000→ 25,000 total
From: 2011-01-22→ Common Stock (25,000 underlying)

Holdings

Shares of Common Stock
1,700
Shares of Common Stock
300
Emp Agmt Common Stock Options
Exercise: $9.58From: 2009-10-03Exp: 2016-10-03→ Common Stock (40,000 underlying)
40,000

Footnotes (1)

[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.

Documents

1 file