4//SEC Filing
Tight Steven M. 4
Accession 0001181431-12-047240
CIK 0000858339other
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 4:46 PM ET
Size
13.4 KB
Accession
0001181431-12-047240
Insider Transaction Report
Form 4
Tight Steven M.
Pres. International Developmt.
Transactions
- Disposition to Issuer
Stock Option
2012-08-21$20.09/sh−21,270$427,314→ 0 totalExercise: $20.09Exp: 2021-07-28→ Common Stock (21,270 underlying) - Disposition to Issuer
Stock Option
2012-08-21$20.09/sh−35,447$712,130→ 0 totalExercise: $20.09Exp: 2021-07-28→ Common Stock (35,447 underlying) - Award
Stock Option
2012-08-21+35,447→ 35,447 totalExp: 2022-08-21→ Common Stock (35,447 underlying) - Award
Stock Option
2012-08-21$8.22/sh+21,270$174,839→ 21,270 totalExercise: $8.22Exp: 2012-08-21→ Common Stock (21,270 underlying)
Footnotes (6)
- [F1]Gives effect to the Issuer's 1.742-for-1 stock split on February 8, 2012.
- [F2]The option to purchase shares was originally granted on July 28, 2011 and provided for vesting in five equal annual installments commencing on July 28, 2012.
- [F3]On August 21, 2012, pursuant to the Issuer's Option Exchange, the Issuer canceled the option to purchase shares reported as disposed in Table II. In exchange, the reporting person received an equal replacement option to purchase shares, which is reported as acquired in Table II above. 20% of the shares represented here vested immediately upon grant and are exercisable at $8.22 per share. The portion of the shares vesting on or before August 21, 2014 will be exercisable at $20.09 per share until August 21,2014. After such date, the shares underlying the option will be exercisable at $8.22 per share. Any remaining shares underlying the option vesting after August 21, 2014 will be exercisable at $8.22 per share.
- [F4]20% of the shares underlying the option vested immediately upon grant with the remainder vesting in four equal annual installments commencing on August 21,2013.
- [F5]50% of the performance-based shares would vest and become exerciable if the Issuer's sponsors and their co-investors (who consist of TPG Capital, L.P., Apollo Global Management, LLC and/or their respective affiliates) realize a return on their investment equal to or greater than 1.5 times. The performance-based shares would vest and become exercisable as to 100% of the shares underlying the option to purchase shares if the Issuer's sponsors and their co-investors realize a return on their investment equal to or greater than 2.0 times.
- [F6]50% of the performance-based shares will vest on the date that the Issuer's 30-day trailing average closing Common Stock price equals or exceeds $35.00 per share. 100% of the performance-based shares will vest on the date that the Issuer's 30-day trailing average closing Common Stock price equals or exceeds $57.41 per share.
Documents
Issuer
CAESARS ENTERTAINMENT Corp
CIK 0000858339
Entity typeother
Related Parties
1- filerCIK 0001526294
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 4:46 PM ET
- Size
- 13.4 KB