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