BOYD GAMING CORP — Director's Dealing 2020

Dec 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2020-12-03

Reporting Person: SMITH KEITH (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-03	Common Stock	M	25000	$6.7	Acquired	1248230	Direct
2020-12-03	Common Stock	S	25000	$40.32780	Disposed	1223230	Direct
2020-12-04	Common Stock	M	25000	$6.70	Acquired	1248230	Direct
2020-12-04	Common Stock	S	25000	$41.3492	Disposed	1223230	Direct
2020-12-04	Common Stock	M	34353	$6.7	Acquired	1257583	Direct
2020-12-04	Common Stock	S	34353	$41.7267	Disposed	1223230	Direct
2020-11-30	Common Stock	G	25000	—	Disposed	1198230	Direct
2020-11-30	Common Stock	G	25000	—	Disposed	1173230	Direct
2020-11-30	Common Stock	G	10000	—	Disposed	1163230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-03	Employee Stock Option (Right to Buy)	$6.7	M	25000	Disposed	2021-12-07	Common Stock (25000)	Direct
2020-12-04	Employee Stock Option (Right to Buy)	$6.7	M	25000	Disposed	2021-12-07	Common Stock (25000)	Direct
2020-12-04	Employee Stock Option (Right to Buy)	$6.7	M	34353	Disposed	2021-12-07	Common Stock (34353)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	325	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $40.15 to $40.49. 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: This transaction was executed in multiple trades at prices ranging from $41.07 to $41.525. 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.

F3: This transaction was executed in multiple trades at prices ranging from $41.63 to $41.81. 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.

F4: On November 30, 2020, the reporting person gifted 25,000 shares of directly held Common Stock to Daniel Smith.

F5: On November 30, 2020, the reporting person gifted 25,000 shares of directly held Common Stock to the M&M Living Trust.

F6: On November 30, 2020, the reporting person gifted 10,000 shares of directly held Common Stock to the KJS Family Foundation.

F7: 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.