BALDWIN ROBERT 4

Accession 0001127602-18-029937

CIK 0000789570other

View on SEC.gov Company Profile

Filed

Oct 9, 8:00 PM ET

Accepted

Oct 10, 7:24 PM ET

Size

28.0 KB

Accession

0001127602-18-029937

Insider Transaction Report

Form 4

Period: 2018-10-05

MGM Resorts InternationalMGM

BALDWIN ROBERT

DirectorCHIEF DESIGN & CONST OFFICER

Transactions

Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-05+77,770→ 80,145 total
Exercise/Conversion
Performance Share Units
2018-10-05−69,463.691→ 0 total
From: 2018-10-05Exp: 2018-10-05→ Common Stock $.01 Par Value ND (69,463.691 underlying)
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-05+5,055→ 74,249 total
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-06+3,179→ 75,438 total
Exercise/Conversion
Restricted Stock Units
2018-10-05−5,055→ 5,054.114 total
From: 2016-10-05Exp: 2019-10-05→ Common Stock $.01 Par Value ND (5,055 underlying)
Tax Payment
Common Stock $.01 Par Value ND
2018-10-05$26.24/sh−30,603$803,023→ 49,542 total
Exercise/Conversion
Common Stock $.01 Par Value ND
2018-10-05+32,404→ 81,946 total
Tax Payment
Common Stock $.01 Par Value ND
2018-10-05$26.24/sh−12,752$334,612→ 69,194 total
Tax Payment
Common Stock $.01 Par Value ND
2018-10-05$26.24/sh−1,990$52,218→ 72,259 total
Exercise/Conversion
Profit Growth Plan Performance Share Units
2018-10-05−28,943.119→ 0 total
From: 2018-10-05Exp: 2018-10-05→ Common Stock $.01 Par Value ND (28,943.119 underlying)
Tax Payment
Common Stock $.01 Par Value ND
2018-10-06$26.24/sh−1,252$32,852→ 74,186 total
Exercise/Conversion
Restricted Stock Units
2018-10-06−3,179→ 1.873 total
From: 2015-10-06Exp: 2018-10-06→ Common Stock $.01 Par Value ND (3,179 underlying)

Holdings

Common Stock $.01 Par Value ND
(indirect: By Trust)
313,300

Footnotes (6)

[F1]Based on the average closing price of $28.107 over the 60-day-period ending on the Transaction Date, as adjusted to include accrued dividend equivalents, approximately 1.11958 shares of common stock were issued per Performance Share Unit ("PSU"). Any fractional shares were paid in cash upon settlement.
[F2]Based on the average closing price of $28.107 over the 60-calendar-day period ending on the Transaction Date, as adjusted to include accrued dividend equivalents, approximately 1.11958 shares were issued on the Vesting Date per Profit Growth Plan Performance Share Unit ("Profit Growth PSU"). Any fractional shares were paid in cash upon settlement.
[F3]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 $25.76 (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 Transaction Date.
[F4]Profit Growth PSUs granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan") and the Profit Growth Share Incentive Plan, pursuant to MGM Resorts' Form of Performance Share Units Agreement. Each Profit Growth 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 "Performance End Date"), relative to a target price of $25.76 (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 Performance End 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 Performance End Date per Profit Growth 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 Performance End Date per Profit Growth 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 Performance End Date.
[F5]Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.
[F6]RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

MGM Resorts International

CIK 0000789570

→

Entity typeother

Related Parties

filerCIK 0001183311

Filing Metadata

Form type: 4
Filed: Oct 9, 8:00 PM ET
Accepted: Oct 10, 7:24 PM ET
Size: 28.0 KB

View on SEC.gov