Kortman Clifford D. 4
4 · PINNACLE ENTERTAINMENT INC. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
Kortman Clifford D.
EVP of Construction and Dev.
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2011-01-13−37,500→ 37,500 totalExercise: $9.62Exp: 2012-06-18→ Common Stock (37,500 underlying) - Exercise/Conversion
Common Stock
2011-01-13$9.62/sh+37,500$360,750→ 65,000 total - Exercise/Conversion
Common Stock
2011-01-13$5.95/sh+10,000$59,500→ 37,500 total - Sale
Common Stock
2011-01-13$14.51/sh−10,000$145,100→ 27,500 total - Sale
Common stock
2011-01-13$14.76/sh−37,500$553,500→ 27,500 total - Exercise/Conversion
Stock Options (Right to Buy)
2011-01-13−10,000→ 0 totalExercise: $5.95Exp: 2012-01-29→ Common Stock (10,000 underlying)
Holdings
- 7,719(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2010.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.31 to $14.76, inclusive. The reporting person undertakes to provide to Pinnacle Entertainment, Inc., any security holder of Pinnacle Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.55 to $14.90, inclusive. The reporting person undertakes to provide to Pinnacle Entertainment, Inc., any security holder of Pinnacle Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnote (3) to this Form 4.
- [F4]The stock options vested in three equal annual installments on January 29, 2003, January 29, 2004 and January 29, 2005.
- [F5]The stock options vested in five equal annual installments on June 18, 2003, June 18, 2004, June 18, 2005, June 18, 2006 and June 18, 2007.