0001127602-14-029713.txt : 20141008
0001127602-14-029713.hdr.sgml : 20141008
20141008192120
ACCESSION NUMBER: 0001127602-14-029713
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20141006
FILED AS OF DATE: 20141008
DATE AS OF CHANGE: 20141008
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MGM Resorts International
CENTRAL INDEX KEY: 0000789570
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 880215232
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3600 LAS VEGAS BLVD S
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
BUSINESS PHONE: 702-693-7120
MAIL ADDRESS:
STREET 1: 3600 LAS VEGAS BLVD S.
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
FORMER COMPANY:
FORMER CONFORMED NAME: MGM MIRAGE
DATE OF NAME CHANGE: 20000823
FORMER COMPANY:
FORMER CONFORMED NAME: MGM GRAND INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: GRAND NAME CO
DATE OF NAME CHANGE: 19870713
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: JAMES PHYLLIS
CENTRAL INDEX KEY: 0001184905
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10362
FILM NUMBER: 141148993
MAIL ADDRESS:
STREET 1: 3950 LAS VEGAS BLVD. S.
CITY: LAS VEGAS
STATE: NV
ZIP: 89119
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2014-10-06
0000789570
MGM Resorts International
MGM
0001184905
JAMES PHYLLIS
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS
NV
89109
1
EVP SPECIAL COUNSEL-LITIGATION
Common Stock $.01 Par Value ND
2014-10-07
4
M
0
911
0
A
10011
D
Common Stock $.01 Par Value ND
2014-10-07
4
F
0
250
21.80
D
9761
D
Performance Share Units
2014-10-06
4
A
0
12238
0
A
2017-10-06
2017-10-06
Common Stock $.01 Par Value ND
0
12238
D
Restricted Stock Units
2014-10-06
4
A
0
3381
0
A
2015-10-06
2018-10-06
Common Stock $.01 Par Value ND
0
3381
D
Restricted Stock Units
2014-10-07
4
M
0
911
0
D
2014-10-07
2017-10-07
Common Stock $.01 Par Value ND
911
2733
D
Performance Share Units ("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 $29.80 (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 Vesting Date.
Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2015 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.
RSUs granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Common Stock.
/s/ Andrew Hagopian III, Attorney-In-Fact
2014-10-08