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: 2015-11-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-06	Common Stock	M	25000	$8.34	Acquired	187591	Direct
2015-11-06	Common Stock	S	25000	$21.1146	Disposed	162591	Direct
2015-11-09	Common Stock	F	5860	$21.12	Disposed	156731	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-06	Employee Stock Option (Right to Buy)	$8.34	M	25000	Disposed	2020-11-01	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4000	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $21.09 to $21.124. 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 2002 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: IRA FBO Brian A. Larson Sunamerica Trust Co., Custodian.