0001127602-19-010895.txt : 20190311 0001127602-19-010895.hdr.sgml : 20190311 20190311190109 ACCESSION NUMBER: 0001127602-19-010895 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190307 FILED AS OF DATE: 20190311 DATE AS OF CHANGE: 20190311 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HORNBUCKLE WILLIAM CENTRAL INDEX KEY: 0001183302 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10362 FILM NUMBER: 19673551 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 2019-03-07 0000789570 MGM Resorts International MGM 0001183302 HORNBUCKLE WILLIAM 3600 LAS VEGAS BLVD., S. LAS VEGAS NV 89109 1 PRESIDENT AND COO Common Stock $.01 Par Value ND 2019-03-07 4 M 0 52290 0 A 56973 D Common Stock $.01 Par Value ND 2019-03-07 4 F 0 20577 26.45 D 36396 D Common Stock $.01 Par Value ND 200884 I In trust MIP Performance Share Units 2019-03-07 4 M 0 43138.9717 0 D 2019-03-07 2019-03-07 Common Stock $.01 Par Value ND 43138.9717 0 D Based on the average closing price of $28.0705 over the 60-calendar-day period ending on the Performance End Date (as defined below), as adjusted to include accrued dividend equivalents, approximately 1.21213 shares were issued on the Performance End Date per Performance Share Unit ("PSU"). PSUs granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan and the Second Amended and Restated Annual Performance-Based Incentive Plan for Executive Officers, pursuant to MGM Resorts' Form of Performance Share Units Agreement (Bonus Payout). 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 "Performance End Date"), relative to a target price of $23.87 (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 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 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, as adjusted to include accrued dividend equivalents. PSUs shall not be subject to forfeiture in the event that the participant's employment terminates for any reason. /s/ Andrew Hagopian III, Attorney-In-Fact 2019-03-11