Wang Jinlong 4
4 · CAESARS ENTERTAINMENT Corp · Filed Jul 12, 2011
Insider Transaction Report
Form 4
Wang Jinlong
Director
Transactions
- Award
Stock Option
2011-07-08+2,301→ 2,301 totalExercise: $35.00Exp: 2021-01-10→ Common Stock (2,301 underlying) - Disposition to Issuer
Stock Option
2011-07-08−2,301→ 0 totalExercise: $66.00Exp: 2021-01-10→ Common Stock (2,301 underlying)
Footnotes (3)
- [F1]The reported transactions represent an amendment on July 8, 2011 (the "Repricing Date") of the outstanding option to reflect a modification (the "Modification") of the exercise price to $35; the ability to exercise the options at this reduced price is phased in over 4 to 7 years in equal annual increments based on the original grant date for the option. No changes have been made to the vesting provisions of the options.
- [F2]The option was originally granted on January 10, 2011 and provides for vesting in five equal annual installments commencing on January 10, 2012.
- [F3]The Modification provides that vested options may be exercised at the reduced $35 price at the rates set forth below. The Modification also provides that vested options may be exercised at the original price at any time prior to the expiration. 1/6th per year on each anniversary of the original grant date, commencing with the anniversary of the original grant date in 2012.