4//SEC Filing
Buro Fred A 4
Accession 0001104659-13-045366
CIK 0000834162other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 5:08 PM ET
Size
21.9 KB
Accession
0001104659-13-045366
Insider Transaction Report
Form 4
Buro Fred A
VP & Chief Marketing Officer
Transactions
- Exercise/Conversion
Restricted Stock Units (2007 Stock Incentive Plan)
2013-05-24−16,666→ 0 total→ Common Stock (16,666 underlying) - Exercise/Conversion
Common Stock
2013-05-24+16,666→ 33,625 total - Tax Payment
Common Stock
2013-05-24$3.99/sh−2,983$11,902→ 30,642 total
Holdings
- 25,200
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $3.94Exp: 2023-01-25→ Common Stock (25,200 underlying) - 16,100
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2015-01-27→ Common Stock (16,100 underlying) - 8,400
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2016-01-25→ Common Stock (8,400 underlying) - 48,400
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.44Exp: 2022-01-27→ Common Stock (48,400 underlying) - 17,200
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2014-01-28→ Common Stock (17,200 underlying) - 51,600
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.32Exp: 2021-01-28→ Common Stock (51,600 underlying)
Footnotes (8)
- [F1]Date of Grant: January 25, 2013. 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 25, 2016). 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 25, 2013. 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 25, 2014), 33% on the second anniversary of the date of grant (or January 25, 2015) and 34% on the third anniversary of the date of grant (or January 25, 2016); 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 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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]Date of Grant: May 17, 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 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 May 17, 2011, May 17, 2012 and May 17, 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. The RSUs shall terminate as provided in the applicable Agreement.
- [F8]Pursuant to the Restricted Stock and Cash Award Agreement, one-third of the RSUs granted on May 17, 2010 vested and became non-forfeitable on May 17, 2013 (effective on May 24, 2013). 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 (net of shares utilized to satisfy income tax withholding obligations) were issued on May 24, 2013 (per the Stock Certificate dated as of such date).
Documents
Issuer
MTR GAMING GROUP INC
CIK 0000834162
Entity typeother
Related Parties
1- filerCIK 0001543069
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 5:08 PM ET
- Size
- 21.9 KB