Form 4 for MGM MGM Resorts
Accepted 2022-02-15 00:00:00 ET · period of report 2022-02-14 · accession 0000899243-22-006471 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2022-02-15 | 2022-02-14 | MGM | Meister Keith A. | Dir | S - Sale | $45.00 | -4.50M | 6.67M | -40% | -$202.50M |
| I | 2022-02-15 | 2022-02-14 | MGM | Meister Keith A. | Dir | D - Sale to Iss | $45.00 | -4.50M | 11.17M | -29% | -$202.50M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-14 | S | D | 4,500,000 | $45.00 | 6,673,778 | I See Footnotes | — | — | (F3) For purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. (F2) These securities are held for the accounts of certain private investment funds for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP and Corvex Select Equity Master Fund LP. The general partner of Corvex is controlled by the Reporting Person. |
| 2 | Common | Common Stock | 2022-02-14 | D | D | 4,500,000 | $45.00 | 11,173,778 | I See Footnotes | — | — | (F1) 4,500,000 shares of common stock were sold to the Issuer in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. (F3) For purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. (F2) These securities are held for the accounts of certain private investment funds for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP and Corvex Select Equity Master Fund LP. The general partner of Corvex is controlled by the Reporting Person. |