4//SEC Filing
Manzini Aldo 4
Accession 0001127602-12-030075
CIK 0000789570other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 5:13 PM ET
Size
9.4 KB
Accession
0001127602-12-030075
Insider Transaction Report
Form 4
Manzini Aldo
EVP - Chief Admin Officer
Transactions
- Award
Performance Share Units
2012-11-05+18,031→ 18,031 totalFrom: 2015-11-05Exp: 2015-11-05→ Common Stock $.01 Par Value ND (18,031 underlying) - Award
Restricted Stock Units
2012-11-05+5,969→ 5,969 totalFrom: 2013-11-05Exp: 2016-11-05→ Common Stock $.01 Par Value ND (5,969 underlying)
Footnotes (2)
- [F1]Performance Share Units ("PSUs") granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Vesting Date"), relative to a target price of $13.37 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Vesting Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Vesting Date per PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Vesting Date per PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Vesting Date.
- [F2]Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2013 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.
Documents
Issuer
MGM Resorts International
CIK 0000789570
Entity typeother
Related Parties
1- filerCIK 0001392533
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 5:13 PM ET
- Size
- 9.4 KB