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*
Billhimer Joseph L. Jr.

(Last) (First) (Middle)
C/O MTR GAMING GROUP, INC.
P. O. BOX 356, STATE ROUTE 2 SOUTH

(Street)
CHESTER WV 26034

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MTR GAMING GROUP INC [ MNTG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and COO
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2014
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 09/19/2014(4) M 29,800 A $0.00 40,485 D
Common Stock 09/19/2014(4) M 9,900 A $0.00 50,385 D
Common Stock 09/19/2014(4) M 18,900 A $0.00 69,285 D
Common Stock 09/19/2014(4) F 18,454 D $4.43 50,831 D
Common Stock 09/19/2014(5) D 50,831 D (5) 0 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
Restricted Stock Units (2010 Long Term Incentive Plan) (4) (4) 09/19/2014 M 29,800 09/19/2014 09/19/2014 Common Stock 29,800 $0.00 0 D
Restricted Stock Units (2010 Long Term Incentive Plan) (4) (4) 09/19/2014 M 9,900 09/19/2014 09/19/2014 Common Stock 9,900 $0.00 0 D
Nonqualified Stock Options (2010 Long Term Incentive Plan) $3.94 09/19/2014 D 29,600 (1) 01/25/2023 Common Stock 29,600 (1) 0 D
Restricted Stock Units (2010 Long Term Incentive Plan) (4) (4) 09/19/2014 M 18,900 09/19/2014 09/19/2014 Common Stock 18,900 $0.00 0 D
Nonqualified Stock Options (2010 Long Term Incentive Plan) $2.44 09/19/2014 D 56,800 (2) 01/27/2022 Common Stock 56,800 (2) 0 D
Nonqualified Stock Options (2010 Long Term Incentive Plan) $2.78 09/19/2014 D 46,500 (3) 05/04/2021 Common Stock 46,500 (3) 0 D
Explanation of Responses:
1. Date of Grant: January 25, 2013. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
2. Date of Grant: January 27, 2012. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
3. Date of Grant: May 4, 2011. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
4. As a result of the consummation of the transactions contemplated pursuant to the previously disclosed merger agreement, each of these RSUs vested and settled into shares of common stock of Eldorado Resorts, Inc.
5. Except with respect to shares received as a result of settlement of RSUs, pursuant to (4), all such shares were disposed pursuant to previously disclosed merger agreement, pursuant to which each share of the issuer's common stock was exchanged for either (a) one share of common stock of Eldorado Resorts, Inc. or (b)$6.05 in cash.
/s/ Joseph L. Billlhimer, Jr. 09/23/2014
** 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).
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