SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SARTINI BLAKE L

(Last)

(First)

(Middle)

2411 WEST SAHARA AVENUE

(Street)

LAS VEGAS

89102

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STATION CASINOS INC [ STN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/04/2004⁽²⁾		M		15,000	A	$14	228,386	D
Common Stock	06/04/2004⁽²⁾		S		15,000	D	$48.0701	213,386	D
Common Stock	06/04/2004⁽²⁾		M		4,800	A	$15.2917	218,186	D
Common Stock	06/04/2004⁽²⁾		S		4,800	D	$48.0701	213,386	D
Common Stock	06/04/2004⁽²⁾		M		200	A	$9.75	213,586	D
Common Stock	06/04/2004⁽²⁾		S		200	D	$48.0701	213,386	D
Common Stock	06/07/2004⁽²⁾		M		85,500	A	$9.75	298,886	D
Common Stock	06/07/2004⁽²⁾		S		85,500	D	$49.1088	213,386	D
Common Stock	06/08/2004⁽²⁾		M		36,100	A	$9.75	249,486	D
Common Stock	06/08/2004⁽²⁾		S		36,100	D	$49.2482	213,386	D
Common Stock	06/08/2004⁽²⁾		M		63,900	A	$5	277,286	D
Common Stock	06/08/2004⁽²⁾		S		63,900	D	$49.2482	213,386	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$14	06/04/2004⁽²⁾		M			15,000	08/08/1998⁽¹⁾	03/14/2011	Common Stock	15,000	$14	475,300	D
Employee Stock Option (Right to Buy)	$15.2917	06/04/2004⁽²⁾		M			4,800	08/08/1998⁽¹⁾	12/07/2009	Common Stock	4,800	$15.2917	470,500	D
Employee Stock Option (Right to Buy)	$9.75	06/04/2004⁽²⁾		M			200	08/08/1998⁽³⁾	05/21/2006	Common Stock	200	$9.75	470,300	D
Employee Stock Option (Right to Buy)	$9.75	06/07/2004⁽²⁾		M			85,500	08/08/1998⁽³⁾	05/21/2006	Common Stock	85,500	$9.75	384,800	D
Employee Stock Option (Right to Buy)	$9.75	06/08/2004⁽²⁾		M			36,100	08/08/1998⁽³⁾	05/21/2006	Common Stock	36,100	$9.75	348,700	D
Employee Stock Option (Right to Buy)	$5	06/08/2004⁽²⁾		M			63,900	08/08/1998⁽¹⁾	09/12/2007	Common Stock	63,900	$5	284,800	D

Explanation of Responses:

1. Options vest at 20% per year over five years from the date of grant.

2. This transaction was executed pursuant to a Rule 10b5-1 Sales Plan. The implementation date was April 21, 2004 and the termination date is November 15, 2004.

3. Five equal installments (20%) vested successively each time the price per share equaled or exceeded the following targets: $10.92 (4/30/99), $12.2306 (5/13/99), $ 13.698 (7/15/99), $15.342 (9/13/99) and $17.1826 (10/6/99).

	Blake L. Sartini	06/08/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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