BOYD GAMING CORP — Director's Dealing 2015

Nov 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2015-11-09

Reporting Person: BOUGHNER ROBERT L (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-09	Common Stock	F	11721	$21.12	Disposed	171531	Direct
2015-11-09	Common Stock	M	25510	$5.22	Acquired	197041	Direct
2015-11-09	Common Stock	S	25510	$20.5899	Disposed	171531	Direct
2015-11-09	Common Stock	M	25510	$9.86	Acquired	197041	Direct
2015-11-09	Common Stock	S	25510	$20.5899	Disposed	171531	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-09	Employee Stock Option (Right to Buy)	$5.22	M	25510	Disposed	2022-11-08	Common Stock (25510)	Direct
2015-11-09	Employee Stock Option (Right to Buy)	$9.86	M	25510	Disposed	2023-11-07	Common Stock (25510)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	115800	Indirect
Common Stock	10000	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $20.46 to $20.82. 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: Options granted under Boyd Gaming Corporation's 2012 Stock Incentive 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.

F3: By the Robert L. Boughner Investment Trust, Robert L. Boughner, Trustee

F4: By the Robert L. boughner 2012 Long Term Trust, Robert L. Boughner, Co-Trustee