KERKORIAN KIRK 4
4 · MGM MIRAGE · Filed Apr 24, 2009
Insider Transaction Report
Form 4
MGM MIRAGEMGM
TRACINDA CORP
10% Owner
Transactions
- Other
Employee Stock Appreciation Right
2009-04-23−400,000→ 0 totalExp: 2014-01-31→ Common Stock (400,000 underlying)
Footnotes (2)
- [F1]The SAR Value shall be the difference between the (i) weighted average price per share of MGM Common Stock, as reported on the NYSE on the Valuation Date, and (ii) the SAR Price ($5.00), multiplied by the number of vested shares for which the SAR Value is being determined for such Valuation Date(s).
- [F2]Grant by Tracinda Corporation of stock appreciation right ("SAR") to receive cash with respect to 400,000 shares of common stock of MGM MIRAGE held by Tracinda Corporation, vesting with respect to 100,000 shares of each of February 1,2010, 2011, 2012 and 2013, to an employee of Tracinda Corporation as partial compensation for services to Tracinda Corporation. Unexercised vested SARs (200,000) as of January 31, 2012 will be valued and paid on that date and reload SARs issued which will be immediately vested and otherwise subject to the original terms. Ownership of the common stock is retained directly by Tracinda Corporation and indirectly by Kirk Kerkorian who owns all of the outstanding shares of common stock of Tracinda Corporation.