0001127602-17-029689.txt : 20171010
0001127602-17-029689.hdr.sgml : 20171010
20171010195347
ACCESSION NUMBER: 0001127602-17-029689
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171005
FILED AS OF DATE: 20171010
DATE AS OF CHANGE: 20171010
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BALDWIN ROBERT
CENTRAL INDEX KEY: 0001183311
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10362
FILM NUMBER: 171131628
MAIL ADDRESS:
STREET 1: 3600 LAS VEGAS BOULEVARD SOUTH
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
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
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-10-05
0000789570
MGM Resorts International
MGM
0001183311
BALDWIN ROBERT
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS
NV
89109
1
1
CHIEF CUSTOMER DEV OFFICER
Common Stock $.01 Par Value ND
2017-10-05
4
M
0
4980
0
A
39825
D
Common Stock $.01 Par Value ND
2017-10-05
4
F
0
2090
30.90
D
37735
D
Common Stock $.01 Par Value ND
2017-10-06
4
M
0
3134
0
A
40869
D
Common Stock $.01 Par Value ND
2017-10-06
4
F
0
1316
30.81
D
39553
D
Common Stock $.01 Par Value ND
2017-10-06
4
M
0
49161
0
A
88714
D
Common Stock $.01 Par Value ND
2017-10-06
4
F
0
20624
30.81
D
68090
D
Common Stock $.01 Par Value ND
2017-10-07
4
M
0
3377
0
A
71467
D
Common Stock $.01 Par Value ND
2017-10-07
4
F
0
1418
30.81
D
70049
D
Common Stock $.01 Par Value ND
261779
I
Robert H. Baldwin Trust
Restricted Stock Units
2017-10-05
4
M
0
4980
0
D
2016-10-05
2019-10-05
Common Stock $.01 Par Value ND
4980
9960.0186
D
Restricted Stock Units
2017-10-06
4
M
0
3134
0
D
2015-10-06
2018-10-06
Common Stock $.01 Par Value ND
3134
3133.9737
D
Performance Share Units
2017-10-06
4
M
0
49161
0
D
2017-10-06
2017-10-06
Common Stock $.01 Par Value ND
49161
0
D
Restricted Stock Units
2017-10-07
4
M
0
3377
0
D
2014-10-07
2017-10-07
Common Stock $.01 Par Value ND
3377
0
D
Based on the average closing price of $32.2932 over the 60-calendar-day period ending on the Vesting Date, as adjusted to include accrued dividend equivalents, approximately 1.08367 shares were issued on the Vesting Date per
Performance Share Unit ("PSU").
Restricted Stock Units ("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.
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.
/s/ Andrew Hagopian III, Attorney-In-Fact
2017-10-10