William Hornbuckle - Apr 1, 2022 Form 4/A - Amendment Insider Report for MGM Resorts International (MGM)

Role
CEO AND PRESIDENT, Director
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Apr 1, 2022
Transactions value $
-$6,653,048
Form type
4/A - Amendment
Date filed
4/22/2022, 05:25 PM
Date Of Original Report
Apr 5, 2022
Previous filing
Mar 17, 2022
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +290K +481.78% $0.00 350K Apr 1, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$4.78M -114K -32.59% $41.87 236K Apr 1, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +11.3K +4.77% $0.00 247K Apr 1, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$185K -4.43K -1.79% $41.87 243K Apr 1, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Sale -$1.69M -40K -21.91% $42.16 143K Apr 1, 2022 In trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MGM Restricted Stock Units Options Exercise $0 -290K -100% $0.00* 0 Apr 1, 2022 Common Stock $.01 Par Value ND 290K Direct F2
transaction MGM Restricted Stock Units Options Exercise $0 -11.3K -33.33% $0.00 22.5K Apr 1, 2022 Common Stock $.01 Par Value ND 11.3K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Amendment is being filed solely to report a transaction that was inadvertently omitted from the original Form 4 filed on April 5, 2022. The sale reported was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F2 Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs cliff vest on the second anniversary of the grant date.
F3 RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date. Any fractional shares are paid in cash upon settlement.