BOYD GAMING CORP — Director's Dealing 2013

May 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2013-04-30

Reporting Person: BOYD WILLIAM S (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-30	Common Stock	M	146375	$6.60	Acquired	303851	Direct
2013-04-30	Common Stock	S	146375	$11.9439	Disposed	157476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-30	Employee Stock Option (Right to Buy)	$6.60	M	146375	Disposed	2018-11-04	Common Stock (146375)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18951462	Indirect
Common Stock	212654	Indirect
Common Stock	153117	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $11.85 to $12.03. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: By William S. Boyd Gaming Properties Trust ("WSBGPT") of which reporting person is the trustee, settlor and beneficiary.

F3: By BG-09 Limited Partnership, of which each of the William S. Boyd Gaming Properties Trust ("WSBGPT") and the Marianne Boyd Gaming Properties Trust ("MBGPT") are the general partners thereof.

F4: 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.