Statement of Changes in Beneficial Ownership (4)
September 23 2014 - 4:31PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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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1. Name and Address of Reporting Person
*
Billhimer Joseph L. Jr.
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2. Issuer Name
and
Ticker or Trading Symbol
MTR GAMING GROUP INC
[
MNTG
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President and COO
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(Last)
(First)
(Middle)
C/O MTR GAMING GROUP, INC., P. O. BOX 356, STATE ROUTE 2 SOUTH
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/19/2014
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(Street)
CHESTER, WV 26034
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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9/19/2014
(4)
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M
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29800
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A
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$0.00
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40485
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D
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Common Stock
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9/19/2014
(4)
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M
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9900
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A
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$0.00
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50385
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D
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Common Stock
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9/19/2014
(4)
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M
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18900
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A
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$0.00
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69285
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D
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Common Stock
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9/19/2014
(4)
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F
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18454
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D
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$4.43
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50831
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D
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Common Stock
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9/19/2014
(5)
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D
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50831
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D
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(5)
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units (2010 Long Term Incentive Plan) (4)
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(4)
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9/19/2014
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M
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29800
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9/19/2014
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9/19/2014
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Common Stock
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29800
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$0.00
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0
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D
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Restricted Stock Units (2010 Long Term Incentive Plan) (4)
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(4)
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9/19/2014
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M
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9900
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9/19/2014
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9/19/2014
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Common Stock
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9900
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$0.00
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0
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D
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Nonqualified Stock Options (2010 Long Term Incentive Plan)
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$3.94
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9/19/2014
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D
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29600
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(1)
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1/25/2023
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Common Stock
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29600
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(1)
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0
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D
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Restricted Stock Units (2010 Long Term Incentive Plan) (4)
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(4)
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9/19/2014
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M
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18900
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9/19/2014
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9/19/2014
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Common Stock
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18900
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$0.00
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0
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D
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Nonqualified Stock Options (2010 Long Term Incentive Plan)
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$2.44
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9/19/2014
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D
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56800
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(2)
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1/27/2022
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Common Stock
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56800
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(2)
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0
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D
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Nonqualified Stock Options (2010 Long Term Incentive Plan)
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$2.78
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9/19/2014
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D
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46500
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(3)
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5/4/2021
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Common Stock
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46500
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(3)
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0
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D
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Explanation of Responses:
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(
1)
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Date of Grant: January 25, 2013. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
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(
2)
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Date of Grant: January 27, 2012. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
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(
3)
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Date of Grant: May 4, 2011. This option to purchase common stock was assumed by Eldorado Resorts, Inc. pursuant to the previously disclosed merger agreement and replaced with an option to purchase an equal number of shares of common stock of Eldorado Resorts, Inc. with the same exercise price. As a result of the merger, the assumed option is fully vested.
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(
4)
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As a result of the consummation of the transactions contemplated pursuant to the previously disclosed merger agreement, each of these RSUs vested and settled into shares of common stock of Eldorado Resorts, Inc.
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(
5)
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Except with respect to shares received as a result of settlement of RSUs, pursuant to (4), all such shares were disposed pursuant to previously disclosed merger agreement, pursuant to which each share of the issuer's common stock was exchanged for either (a) one share of common stock of Eldorado Resorts, Inc. or (b)$6.05 in cash.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Billhimer Joseph L. Jr.
C/O MTR GAMING GROUP, INC.
P. O. BOX 356, STATE ROUTE 2 SOUTH
CHESTER, WV 26034
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President and COO
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Signatures
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/s/ Joseph L. Billlhimer, Jr.
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9/23/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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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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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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