0001127602-18-029943.txt : 20181010
0001127602-18-029943.hdr.sgml : 20181010
20181010193659
ACCESSION NUMBER: 0001127602-18-029943
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181005
FILED AS OF DATE: 20181010
DATE AS OF CHANGE: 20181010
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: JAMES PHYLLIS
CENTRAL INDEX KEY: 0001184905
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10362
FILM NUMBER: 181117079
MAIL ADDRESS:
STREET 1: 3950 LAS VEGAS BLVD. S.
CITY: LAS VEGAS
STATE: NV
ZIP: 89119
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
2018-10-05
0000789570
MGM Resorts International
MGM
0001184905
JAMES PHYLLIS
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS
NV
89109
1
CHIEF DIV & CORP RESP OFFICER
Common Stock $.01 Par Value ND
2018-10-05
4
M
0
19685
0
A
29395
D
Common Stock $.01 Par Value ND
2018-10-05
4
F
0
4794
26.24
D
24601
D
Common Stock $.01 Par Value ND
2018-10-05
4
M
0
3645
0
A
28246
D
Common Stock $.01 Par Value ND
2018-10-05
4
F
0
888
26.24
D
27358
D
Common Stock $.01 Par Value ND
2018-10-05
4
M
0
1279
0
A
28637
D
Common Stock $.01 Par Value ND
2018-10-05
4
F
0
312
26.24
D
28325
D
Common Stock $.01 Par Value ND
2018-10-06
4
M
0
867
0
A
29192
D
Common Stock $.01 Par Value ND
2018-10-06
4
F
0
213
26.24
D
28979
D
Performance Share Units
2018-10-05
4
M
0
17583.1989
0
D
2018-10-05
2018-10-05
Common Stock $.01 Par Value ND
17583.1989
0
D
Profit Growth Plan Performance Share Units
2018-10-05
4
M
0
3255.8059
0
D
2018-10-05
2018-10-05
Common Stock $.01 Par Value ND
3255.8059
0
D
Restricted Stock Units
2018-10-05
4
M
0
1279
0
D
2016-10-05
2019-10-05
Common Stock $.01 Par Value ND
1279
1279.7524
D
Restricted Stock Units
2018-10-06
4
M
0
867
0
D
2015-10-06
2018-10-06
Common Stock $.01 Par Value ND
867
0
D
Based on the average closing price of $28.107 over the 60-calendar-day period ending on the Transaction Date, as adjusted to include accrued dividend equivalents, approximately 1.11958 shares were issued on the Vesting Date per Performance Share Unit ("PSU"). Any fractional shares were paid in cash upon settlement.
Based on the average closing price of $28.107 over the 60-calendar-day period ending on the Transaction Date, as adjusted to include accrued dividend equivalents, approximately 1.11958 shares were issued on the Vesting Date per Profit Growth Plan Performance Share Unit ("Profit Growth PSU"). Any fractional shares were paid in cash upon settlement.
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 $25.76 (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 Transaction Date.
Profit Growth PSUs granted under the Plan and the Profit Growth Share Incentive Plan, pursuant to MGM Resorts' Form of Performance Share Units Agreement. Each Profit Growth 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 "Performance End Date"), relative to a target price of $25.76 (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 Performance End 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 Performance End Date per Profit Growth 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 Performance End Date per Profit Growth 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 Performance End Date.
Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.
RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.
/s/ Andrew Hagopian III, Attorney-In-Fact
2018-10-10