X0201 4 2004-01-12 0 0000725549 MANDALAY RESORT GROUP MBG 0001183487 MCKEE MICHAEL D 815 EMERALD BAY LAGUNA BEACH CA 92651 1 0 0 0 Common Stock (.01 2/3 Par Value) 2004-01-12 4 M 0 10000 17.475 A 18150 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 M 0 10000 23.0813 A 28150 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 M 0 10000 21.3687 A 38150 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 M 0 10000 21.05 A 48150 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 M 0 25000 14.50 A 73150 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 7500 46.85 D 65650 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 600 46.86 D 65050 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 6700 46.90 D 58350 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 3000 46.94 D 55350 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 18300 46.95 D 37050 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 500 46.96 D 36550 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 5100 46.97 D 31450 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 9600 46.98 D 21850 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 3400 47.00 D 18450 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 5000 47.08 D 13450 D Common Stock (.01 2/3 Par Value) 2004-01-12 4 S 0 5300 46.99 D 8150 D Option 17.475 2004-01-12 4 M 0 4000 0 D 1999-06-17 2008-06-17 Common Stock 4000 0 D Option 17.475 2004-01-12 4 M 0 3000 0 D 2000-06-15 2008-06-17 Common Stock 3000 0 D Option 17.475 2004-01-12 4 M 0 3000 0 D 2001-06-15 2008-06-17 Common Stock 3000 0 D Option 23.0813 2004-01-12 4 M 0 4000 0 D 1998-06-18 2007-06-23 Common Stock 4000 0 D Option 23.0813 2004-01-12 4 M 0 3000 0 D 1999-06-17 2007-06-23 Common Stock 3000 0 D Option 23.0813 2004-01-12 4 M 0 3000 0 D 2000-06-15 2007-06-23 Common Stock 3000 0 D Option 21.3687 2004-01-12 4 M 0 4000 0 D 2000-06-15 2009-06-16 Common Stock 4000 0 D Option 21.3687 2004-01-12 4 M 0 3000 0 D 2001-06-15 2009-06-16 Common Stock 3000 0 D Option 21.3687 2004-01-12 4 M 0 3000 0 D 2002-06-20 2009-06-16 Common Stock 3000 0 D Option 21.05 2004-01-12 4 M 0 4000 0 D 2001-06-15 2010-06-14 Common Stock 4000 0 D Option 21.05 2004-01-12 4 M 0 3000 0 D 2002-06-20 2010-06-14 Common Stock 3000 0 D Option 21.05 2004-01-12 4 M 0 3000 0 D 2003-06-26 2010-06-14 Common Stock 3000 0 D Option 14.50 2004-01-12 4 M 0 8333 0 D 2000-02-12 2009-02-12 Common Stock 8333 0 D Option 14.50 2004-01-12 4 M 0 8333 0 D 2001-02-12 2009-02-12 Common Stock 8333 0 D Option 14.50 2004-01-12 4 M 0 8334 0 D 2002-02-12 2009-02-12 Common Stock 8334 0 D Michael Dale McKee 2004-01-14