SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MURREN JAMES

(Last) (First) (Middle)
3600 LAS VEGAS BLVD. SOUTH

(Street)
LAS VEGAS NV 89109

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MGM MIRAGE [ MGG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President, CFO & Treasurer
3. Date of Earliest Transaction (Month/Day/Year)
12/01/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 200 D $37.67 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 1,100 D $37.7 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 3,100 A $13.3125 91,100(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 3,100 D $37.71 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 1,500 A $13.3125 89,500(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 1,500 D $37.72 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 3,700 A $13.3125 91,700(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 3,700 D $37.73 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 1,200 A $13.3125 89,200(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 1,200 D $37.74 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 2,400 A $13.3125 90,400(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 2,400 D $37.75 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 1,200 A $13.3125 89,200(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 1,200 D $37.76 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 5,400 A $13.3125 93,400(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 5,400 D $37.77 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 3,300 A $13.3125 91,300(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 3,300 D $37.78 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 4,100 A $13.3125 92,100(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 4,100 D $37.79 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 29,200 A $13.3125 117,200(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 29,200 D $37.8 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 28,900 A $13.3125 116,900(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 28,900 D $37.81 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 3,400 D $37.84 88,000(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 M 200 A $13.3125 88,200(1) D
Common Stock $.01 Par Value ND 12/01/2003 12/01/2003 S 200 D $37.9 88,000(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 3,100 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 3,100 $0 737,800(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 1,500 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 1,500 $0 736,300(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 3,700 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 3,700 $0 732,600(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 1,200 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 1,200 $0 731,400(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 2,400 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 2,400 $0 729,000(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 1,200 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 1,200 $0 727,800(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 5,400 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 5,400 $0 722,400(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 3,300 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 3,300 $0 719,100(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 4,100 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 4,100 $0 715,000(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 29,200 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 29,200 $0 685,800(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 28,900 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 28,900 $0 656,900(2) D
Emp Stk Option (Right to Buy) $13.3125 12/01/2003 12/01/2003 M 200 06/22/1999 06/22/2008 Common Stock $.01 Par Value ND 200 $0 623,600(2) D
Explanation of Responses:
1. 75,000 of these shares are subject to certain restrictions contained in a Restricted Stock Agreement dated as of June 3, 2002 between MGM MIRAGE and the issuee of the shares. The issuee is eligible for 50% of the shares upon completion of three years of employment with the company from the date of the Agreement and is eligible for 100% of the shares upon completion of four years of employment with the company from the date of the Agreement. Please note that this Form 4 filing is part of another Form 4 filing containing transactions which occurred on the same date - 12/1/03
2. Options granted under MGM MIRAGE 1997 Nonqualified Stock Option Plan. Vesting plan calls for options to become exercisable in equal 20% yearly amounts commencing on the first anniversary of the grant date.
Bryan L. Wright, Attorney-In-Fact 12/03/2003
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.