0000899243-20-020076.txt : 20200722 0000899243-20-020076.hdr.sgml : 20200722 20200722184907 ACCESSION NUMBER: 0000899243-20-020076 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200720 FILED AS OF DATE: 20200722 DATE AS OF CHANGE: 20200722 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stuart Christian D CENTRAL INDEX KEY: 0001700977 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10410 FILM NUMBER: 201042380 MAIL ADDRESS: STREET 1: ONE CAESARS PALACE DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89109 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CAESARS HOLDINGS, INC. CENTRAL INDEX KEY: 0000858339 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 621411755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE CAESARS PALACE DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7024076000 MAIL ADDRESS: STREET 1: ONE CAESARS PALACE DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: CAESARS ENTERTAINMENT Corp DATE OF NAME CHANGE: 20101123 FORMER COMPANY: FORMER CONFORMED NAME: HARRAHS ENTERTAINMENT INC DATE OF NAME CHANGE: 19950727 FORMER COMPANY: FORMER CONFORMED NAME: PROMUS COMPANIES INC DATE OF NAME CHANGE: 19920703 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-07-20 1 0000858339 CAESARS HOLDINGS, INC. CZR 0001700977 Stuart Christian D ONE CAESARS PALACE DRIVE LAS VEGAS NV 89109 0 1 0 0 EVP Gaming & Interactive Ent. Common Stock 2020-07-20 4 D 0 188639 D 118778 D Common Stock 2020-07-20 4 D 0 118778 D 0 D Employee stock option (right to buy) 8.22 2020-07-20 4 D 0 3239 D 2022-08-21 Common Stock 3239 0 D Employee stock option (right to buy) 8.22 2020-07-20 4 D 0 462 D 2022-08-21 Common Stock 462 0 D Employee stock option (right to buy) 8.22 2020-07-20 4 D 0 810 D 2022-08-21 Common Stock 810 0 D Employee stock option (right to buy) 9.36 2020-07-20 4 D 0 2523 D 2025-05-29 Common Stock 2523 0 D Employee stock option (right to buy) 9.45 2020-07-20 4 D 0 2005 D 2023-02-21 Common Stock 2005 0 D Employee stock option (right to buy) 9.45 2020-07-20 4 D 0 1875 D 2023-06-28 Common Stock 1875 0 D Employee stock option (right to buy) 9.45 2020-07-20 4 D 0 5617 D 2024-05-07 Common Stock 5617 0 D On July 20, 2020, pursuant to that certain Agreement and Plan of Merger, dated as of June 24, 2019 (as amended by Amendment No. 1 to Agreement and Plan of Merger, dated as of August 15, 2019, the "Merger Agreement"), by and among Caesars Entertainment Corporation, a Delaware corporation (the "Company"), Eldorado Resorts, Inc., a Nevada corporation ("New Caesars") and Colt Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of New Caesars ("Merger Sub"), Merger Sub merged with and into the Company (the "Merger"). (continued from footnote 1) The Company stockholders were entitled to receive consideration per Company share equal to, at the election of the holder thereof and subject to the proration procedures described in the Merger Agreement, approximately $12.41 in cash or approximately 0.3085 shares of New Caesars Common Stock with a value equal to approximately $12.41 (based on the volume weighted average price per share of New Caesars Common Stock for the 10 trading days ending on July 16, 2020). Represents time-vesting restricted stock units. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each such outstanding restricted stock unit was converted into a number of time-based restricted stock units in respect of shares of New Caesars common stock in an amount equal to (a) the per share merger consideration amount divided by (b) the volume weighted average price per share of New Caesars Common Stock for the 10 trading days ending on July 16, 2020. Pursuant to the terms of the Merger Agreement, at the Effective Time, each vested and outstanding option to acquire Company common stock that had a per share exercise price less than the cash election consideration (each, a "Vested Caesars Stock Option") was converted into the right to receive an amount in cash equal to the product of (a) the number of "net shares" of Company common stock applicable to such Vested Caesars Stock Option (after taking into account the exercise price applicable to such option) and (b) the cash election consideration. /s/ Jill Eaton, by Power of Attorney, on behalf of Christian Stuart 2020-07-22