BOYD GAMING CORP — Director's Dealing 2010

May 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2010-05-06

Reporting Person: LARSON BRIAN A (Executive V.P. and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-06	Common Stock	M	22340	$6.60	Acquired	91745	Direct
2010-05-06	Common Stock	S	130	$13.20	Disposed	91615	Direct
2010-05-06	Common Stock	S	1700	$13.23	Disposed	89915	Direct
2010-05-06	Common Stock	S	1400	$13.24	Disposed	88515	Direct
2010-05-06	Common Stock	S	1810	$13.26	Disposed	86705	Direct
2010-05-06	Common Stock	S	200	$13.27	Disposed	86505	Direct
2010-05-06	Common Stock	S	100	$13.31	Disposed	86405	Direct
2010-05-06	Common Stock	S	3370	$13.34	Disposed	83035	Direct
2010-05-06	Common Stock	S	4100	$13.35	Disposed	78935	Direct
2010-05-06	Common Stock	S	100	$13.36	Disposed	78835	Direct
2010-05-06	Common Stock	S	900	$13.37	Disposed	77935	Direct
2010-05-06	Common Stock	S	100	$13.37	Disposed	77835	Direct
2010-05-06	Common Stock	S	1000	$13.38	Disposed	76835	Direct
2010-05-06	Common Stock	S	100	$13.30	Disposed	76735	Direct
2010-05-06	Common Stock	S	100	$13.40	Disposed	76635	Direct
2010-05-06	Common Stock	S	500	$13.40	Disposed	76135	Direct
2010-05-06	Common Stock	S	1772	$13.41	Disposed	74363	Direct
2010-05-06	Common Stock	S	1200	$13.42	Disposed	73163	Direct
2010-05-06	Common Stock	S	1330	$13.44	Disposed	71833	Direct
2010-05-06	Common Stock	S	600	$13.45	Disposed	71233	Direct
2010-05-06	Common Stock	S	200	$13.46	Disposed	71033	Direct
2010-05-06	Common Stock	S	800	$13.47	Disposed	70233	Direct
2010-05-06	Common Stock	S	27	$13.49	Disposed	70206	Direct
2010-05-06	Common Stock	S	301	$13.53	Disposed	69905	Direct
2010-05-06	Common Stock	S	500	$13.55	Disposed	69405	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-06	Employee Stock Option (Right to Buy)	$6.60	M	22340	Disposed	2018-11-04	Common Stock (22340)	Direct

Footnotes

F1: Options granted under Boyd Gaming Corporation 2002 Flexible Stock Option Plan. Vesting plan calls for options to become exercisable at the rate of 33.333% per year on the first day of each successive 12 month period commencing one year from grant date.