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BOYD GAMING CORP — Director's Dealing 2016
Jan 26, 2016
30822_dirs_2016-01-25_0ca0efc8-b489-4e94-a8a1-7f317e8b3c8b.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2016-01-13
Reporting Person: Thompson Stephen S. (Executive Vice President)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 59226 | Direct |
| Common Stock | 47125 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $39.00 | 2016-11-02 | Common Stock (35000) | Direct | |
| Stock Option (Right to Buy) | $39.78 | 2017-11-07 | Common Stock (40000) | Direct | |
| Stock Option (Right to Buy) | $8.34 | 2020-11-01 | Common Stock (10000) | Direct | |
| Career Restricted Stock Units | $ | Common Stock (871) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (1321) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (9100) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (5291) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (4209) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (5917) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (6858) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (4111) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (3717) | Direct | ||
| Career Restricted Stock Units | $ | Common Stock (2551) | Direct |
Footnotes
F1: Includes 41,250 Restricted Stock Units awarded for no consideration pursuant to the Issuer's 2012 Stock Incentive Plan. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer common stock upon vesting. Of such Restricted Stock Units, 15,000 will vest on November 7, 2016, 12,600 will vest on December 10, 2017 and 13,650 will vest on October 29, 2018. The Restricted Stock Units are subject to the forfeiture and other terms and conditions contained in the award agreement and the 2012 Stock Incentive Plan.
F2: Options granted under the Issuer's 2002 Stock Incentive Plan. 100% of the shares subject to the option are fully vested and exercisable.
F3: The Career Restricted Stock Units will be paid out in shares of Issuer common stock at the time of retirement based upon the Reporting Person's/grantee's attained age and years of continuous service at the time of retirement. To receive any payout under the Career Shares Program, grantees must be at least years 55 years old and must have been continually employed by the Issuer for a minimum of 10 years. Retirement after 10 years of service will entitle a grantee to 50 percent of his or her Career Restricted Stock Units. This increases to 75 percent after 15 years and 100 percent following 20 years of employment.
F4: In the event of grantee's death or permanent disability, or following a change in control of Issuer, the grantee will be deemed to have attained age 55 and the Career Restricted Stock Units will immediately vest and convert into shares of Issuer common stock based on the grantee's years of continuous service through the date of death, termination resulting from permanent disability or the change in control, as applicable.
F5: The Career Restricted Stock Units were granted to the Reporting Person for no consideration pursuant to the Issuer's Career Shares Program under its 2002 Stock Incentive Plan. Each Career Restricted Stock Unit represents a contingent right to receive one share of Issuer common stock.
F6: The Career Restricted Stock Units were granted to the Reporting Person for no consideration pursuant to the Issuer's Career Shares Program under its 2012 Stock Incentive Plan. Each Career Restricted Stock Unit represents a contingent right to receive one share of Issuer common stock.