4//SEC Filing
MTR GAMING GROUP INC 4
Accession 0001104659-14-006283
CIK 0000834162operating
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 2:07 PM ET
Size
25.5 KB
Accession
0001104659-14-006283
Insider Transaction Report
Form 4
BITTNER JOHN W JR
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units (2010 Long Term Incentive Plan)
2014-01-31+21,900→ 0 total→ Common Stock (21,900 underlying) - Exercise/Conversion
Common Stock
2014-01-31+21,900→ 105,727 total - Tax Payment
Common Stock
2014-01-31$5.15/sh−6,979$35,942→ 98,748 total
Holdings
- 32,000
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $3.94Exp: 2023-01-25→ Common Stock (32,000 underlying) - 21,900
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2017-01-24→ Common Stock (21,900 underlying) - 19,500
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2015-01-27→ Common Stock (19,500 underlying) - 20,000
Common Stock Options (2007 Stock Incentive Plan)
Exercise: $14.79From: 2009-06-26Exp: 2017-06-26→ Common Stock (20,000 underlying) - 20,000
Common Stock Options (2005 Stock Incentive Plan)
Exercise: $16.27From: 2009-04-27Exp: 2017-04-27→ Common Stock (20,000 underlying) - 10,700
Restricted Stock Units (2010 Long Term Incentive Plan)
From: 2016-01-25→ Common Stock (10,700 underlying) - 65,700
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.32Exp: 2021-01-28→ Common Stock (65,700 underlying) - 58,500
Nonqualified Stock Options (2010 Long Term Incentive Plan)
Exercise: $2.44Exp: 2022-01-27→ Common Stock (58,500 underlying) - 25,000
Common Stock Options (2005 Employment Agreement)
Exercise: $11.30From: 2005-04-13Exp: 2015-04-13→ Common Stock (25,000 underlying)
Footnotes (8)
- [F1]Date of Grant: January 24, 2014. 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 24, 2017). 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. 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.
- [F3]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.
- [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 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.
- [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: 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.
- [F8]Pursuant to the Restricted Stock and Cash Award Agreement, 100% of the RSUs granted on January 28, 2011 vested and became non-forfeitable on January 28, 2014 (effective on January 31, 2014). 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 January 31, 2014 (per the Stock Certificate dated as of such date).
Documents
Issuer
MTR GAMING GROUP INC
CIK 0000834162
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000834162
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 2:07 PM ET
- Size
- 25.5 KB