SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
SANDERS COREY IAN

(Last) (First) (Middle)
3950 LAS VEGAS BLVD., S.

(Street)
LAS VEGAS NV 89119

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/15/2010
3. Issuer Name and Ticker or Trading Symbol
MGM Resorts International [ MGM ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
COO Core Brands
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock $.01 Par Value ND 12,253 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Emp Stk Option (Right to Buy) (1) 05/02/2012 Common Stock $.01 Par Value ND 160,000(1) $34.05 D
Emp Stk Option (Right to Buy) (2) 02/26/2013 Common Stock $.01 Par Value ND 70,000(2) $12.74 D
Employee Stock Appreciation Rights 08/03/2010(3) 08/03/2016 Common Stock $.01 Par Value ND 400,000(3) $7.45 D
Employee Stock Appreciation Rights 10/06/2010(4) 10/06/2015 Common Stock $.01 Par Value ND 30,000(4) $19 D
Restricted Stock Units 10/06/2010(5) (6) Common Stock $.01 Par Value ND 2,250 (6) D
Explanation of Responses:
1. Options granted under the MGM MIRAGE 1997 Nonqualified Stock Option Plan. Options have fully vested and are exercisable until May 2, 2012.
2. Options granted under the MGM MIRAGE 1997 Nonqualified Stock Option Plan. Options have fully vested and are exercisable until February 26, 2013.
3. Stock Appreciation Rights (SARs) granted under the MGM MIRAGE Amended and Restated 2005 Omnibus Incentive Plan (the "2005 Plan"). The SARs will vest in four equal installments beginning on August 3, 2010.
4. SARs granted under the 2005 Plan. SARs representing 7,500 shares have fully vested. The remaining SARs will vest in three equal installments beginning on October 6, 2010
5. Restricted Stock Units (RSUs) granted under the 2005 Plan. RSUs representing 750 shares have fully vested. The remaining RSUs will vest in three equal annual installments beginning on October 6, 2010.
6. RSUs do not have an expiration date and each RSU represents the right to receive, following vesting, one share of Common Stock of the Company.
Troy McHenry, Attorney-In-Fact 06/18/2010
** 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 5 (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.