4//SEC Filing
Norton Robert 4
Accession 0001104659-11-011121
CIK 0000834162other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 9:37 PM ET
Size
18.1 KB
Accession
0001104659-11-011121
Insider Transaction Report
Form 4
Norton Robert
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2011-02-23+125,000→ 125,000 total - Tax Payment
Common Stock
2011-02-23$2.70/sh−13,500$36,450→ 111,500 total - Exercise/Conversion
Restricted Stock Units (2002 Stock Incentive Plan)
2011-02-23−30,000→ 0 total→ Common Stock (30,000 underlying) - Exercise/Conversion
Restricted Stock Units (2004 Stock Incentive Plan)
2011-02-23−12,500→ 0 total→ Common Stock (12,500 underlying) - Exercise/Conversion
Restricted Stock Units (2005 Stock Incentive Plan)
2011-02-23−20,000→ 0 total→ Common Stock (20,000 underlying) - Exercise/Conversion
Restricted Stock Units (2007 Stock Incentive Plan)
2011-02-23−62,500→ 0 total→ Common Stock (62,500 underlying)
Holdings
- 7,985
Common Stock
Footnotes (3)
- [F1]The Shares are held in a joint brokerage account by the undersigned and the undersigned's spouse.
- [F2]Date of Grant: January 22, 2010. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of MTR Gaming Group, Inc. in exchange for each RSU, subject to the terms of the applicable plan and the Restricted Stock Unit and Cash Award Agreement (the "Agreement"). Subject to certain provision, one-third of the RSUs granted will vest and become non-forfeitable upon each of the first, second and third anniversaries of the date of grant (or January 22, 2011, January 22, 2012 and January 22, 2013, respectively). Unvested RSUs shall vest immediately upon (x) the termination of employment if such termination is not due to cause, or by the death or the disability of the reporting person and (y) consummation of a change of control of the Company. In addition, the reporting person also received certain cash awards under the terms of the respective Agreement. The RSUs shall terminate as provided in the applicable Agreement.
- [F3]Pursuant to the Restricted Stock and Cash Award Agreement, 100% of the RSU's granted on January 22, 2010 vested and became non-forfeitable upon the termination without cause of the reporting party on January 21, 2011. Accordingly, the stock transfer agent was advised to issue the common shares of stock equal to the amount of the vested RSUs. The reporting party did not select the date of execution. The shares of stock were issued on February 23, 2011 (per the Stock Certificate dated as of such date) but the reporting party did not receive the shares of common stock or notice of such issuance until February 25, 2011.
Documents
Issuer
MTR GAMING GROUP INC
CIK 0000834162
Entity typeother
Related Parties
1- filerCIK 0001465518
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 9:37 PM ET
- Size
- 18.1 KB