MTR GAMING GROUP INC 4

Accession 0001104659-13-085401

CIK 0000834162operating

View on SEC.gov Company Profile

Filed

Nov 17, 7:00 PM ET

Accepted

Nov 18, 3:47 PM ET

Size

25.7 KB

Accession

0001104659-13-085401

Insider Transaction Report

Form 4

Period: 2013-11-15

MTR GAMING GROUP INCMNTG

BITTNER JOHN W JR

Chief Financial Officer

Transactions

Exercise/Conversion
Restricted Stock Units (2010 Long Term Incentive Plan)
2013-11-15+18,334→ 0 total
→ Common Stock (18,334 underlying)
Exercise/Conversion
Common Stock
2013-11-15+18,334→ 87,412 total
Tax Payment
Common Stock
2013-11-15$5.25/sh−3,585$18,821→ 83,827 total

Holdings

Common Stock Options (2005 Stock Incentive Plan)
Exercise: $16.27From: 2009-04-27Exp: 2017-04-27→ Common Stock (20,000 underlying)
20,000
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $3.94Exp: 2023-01-25→ Common Stock (32,000 underlying)
32,000
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2014-01-28→ Common Stock (21,900 underlying)
21,900
Common Stock Options (2005 Employment Agreement)
Exercise: $11.30From: 2005-04-13Exp: 2015-04-13→ Common Stock (25,000 underlying)
25,000
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2016-01-25→ Common Stock (10,700 underlying)
10,700
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2015-01-27→ Common Stock (19,500 underlying)
19,500
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.44Exp: 2022-01-27→ Common Stock (58,500 underlying)
58,500
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.32Exp: 2021-01-28→ Common Stock (65,700 underlying)
65,700
Common Stock Options (2007 Stock Incentive Plan)
Exercise: $14.79From: 2009-06-26Exp: 2017-06-26→ Common Stock (20,000 underlying)
20,000

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. 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.
[F4]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.
[F5]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.
[F6]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.
[F7]Date of Grant: November 8, 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 2010 Long-Term Incentive 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 November 8, 2011, November 8, 2012, and November 8, 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 a cash award under the terms of the respective Agreement. 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 November 8, 2010 vested and became non-forfeitable on November 8, 2013 (effective on November 15, 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 were issued on November 15, 2013 (per the Stock Certificate dated as of such date).

Documents

1 file

4
a4.xmlPrimary
4

Issuer

MTR GAMING GROUP INC

CIK 0000834162

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000834162

Filing Metadata

Form type: 4
Filed: Nov 17, 7:00 PM ET
Accepted: Nov 18, 3:47 PM ET
Size: 25.7 KB

View on SEC.gov