0001127602-19-010897.txt : 20190311
0001127602-19-010897.hdr.sgml : 20190311
20190311190524
ACCESSION NUMBER: 0001127602-19-010897
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: MURREN JAMES
CENTRAL INDEX KEY: 0001186211
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10362
FILM NUMBER: 19673571
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
0001186211
MURREN JAMES
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS
NV
89109
1
1
CHAIRMAN & CEO
Common Stock $.01 Par Value ND
2019-03-07
4
M
0
153166
0
A
159726
D
Common Stock $.01 Par Value ND
2019-03-07
4
F
0
60271
26.45
D
99455
D
Common Stock $.01 Par Value ND
481960
I
By Grantor Retained Annuity Trust
Common Stock $.01 Par Value ND
793788
I
By spousal limited access trusts
MIP Performance Share Units
2019-03-07
4
M
0
126360.7397
0
D
2019-03-07
2019-03-07
Common Stock $.01 Par Value ND
126360.7397
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