4//SEC Filing
Rodriguez-Cayro Narciso A 4
Accession 0001104659-12-010510
CIK 0000834162other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 2:44 PM ET
Size
22.4 KB
Accession
0001104659-12-010510
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Restricted Stock Units (2004 Stock Incentive Plan)
2012-02-14−4,000→ 0 total→ Common Stock (4,000 underlying) - Tax Payment
Common Stock
2012-02-14$2.72/sh−1,213$3,299→ 14,153 total - Exercise/Conversion
Restricted Stock Units (2004 Stock Incentive Plan)
2012-02-14−167→ 0 total→ Common Stock (167 underlying) - Exercise/Conversion
Common Stock
2012-02-14+8,333→ 15,366 total - Exercise/Conversion
Restricted Stock Units (2004 Stock Incentive Plan)
2012-02-14−4,166→ 8,334 total→ Common Stock (12,500 underlying)
Holdings
- 56,300
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.32Exp: 2021-01-28→ Common Stock (56,300 underlying) - 17,500
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2015-01-27→ Common Stock (17,500 underlying) - 52,600
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.44Exp: 2022-01-27→ Common Stock (52,600 underlying) - 18,800
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2014-01-28→ Common Stock (18,800 underlying)
Footnotes (6)
- [F1]Date of Grant: January 27, 2012. 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 2010 Long-Term Incentive Plan and the Restricted Stock Unit Award Agreement (the "Agreement"). Subject to certain provisions, 100% of the RSUs granted will vest and become non-forfeitable upon the third anniversary of the date of grant (or January 27, 2015). 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. The RSUs shall terminate as provided in the applicable Agreement.
- [F2]Date of Grant: January 27, 2012. Subject to the provisions of the 2010 Long-Term Incentive Plan and the Nonqualified Stock Option Award Agreement, the nonqualified stock options vest and become exercisable in three equal annual installments, 33% on the first anniversary of the date of grant (or January 27, 2013), 33% on the second anniversary of the date of grant (or January 27, 2014) and 34% on the third anniversary of the date of grant (or January 27, 2015); and will vest immediately upon (x) the termination of employment by the death or the disability of the reporting person and (y) consummation of a change of control of the Company.
- [F3]Date of Grant: January 28, 2011. 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 2010 Long-Term Incentive Plan and the Restricted Stock Unit Award Agreement (the "Agreement"). Subject to certain provisions, 100% of the RSUs granted will vest and become non-forfeitable upon the third anniversary of the date of grant (or January 28, 2014). 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. The RSUs shall terminate as provided in the applicable Agreement.
- [F4]Date of Grant: January 28, 2011. Subject to the provisions of the 2010 Long-Term Incentive Plan and the Nonqualified Stock Option Award Agreement, the nonqualified stock options vest and become exercisable in three equal annual installments, 33% on the first anniversary of the date of grant (or January 28, 2012), 33% on the second anniversary of the date of grant (or January 28, 2013) and 34% on the third anniversary of the date of grant (or January 28, 2014); and will vest immediately upon (x) the termination of employment by the death or the disability of the reporting person and (y) consummation of a change of control of the Company.
- [F5]Date of Grant: February 1, 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 February 1, 2011, February 1, 2012 and February 1, 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.
- [F6]Pursuant to the Restricted Stock and Cash Award Agreement, one-third of the RSUs granted on February 1, 2010 vested and became non-forfeitable on February 1, 2012. 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 14, 2012 (per the Stock Certificate dated as of such date).
Documents
Issuer
MTR GAMING GROUP INC
CIK 0000834162
Entity typeother
Related Parties
1- filerCIK 0001481950
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 2:44 PM ET
- Size
- 22.4 KB