BOYD GAMING CORP — Director's Dealing 2020

Aug 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2020-08-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-28	Common Stock	G	75000	—	Disposed	1325556	Direct
2020-05-28	Common Stock	G	75000	—	Disposed	1250556	Direct
2020-08-06	Common Stock	M	50000	$8.34	Acquired	1300556	Direct
2020-08-06	Common Stock	S	50000	$25.74	Disposed	1250556	Direct
2020-08-06	Common Stock	M	50000	$8.34	Acquired	1350556	Direct
2020-08-06	Common Stock	S	50000	$25.69	Disposed	1250556	Direct
2020-08-06	Common Stock	M	31265	$8.34	Acquired	1281821	Direct
2020-08-06	Common Stock	S	31265	$25.74	Disposed	1250556	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-06	Employee Stock Option (Right to Buy)	$8.34	M	131265	Disposed	2020-11-01	Common Stock (131265)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	325	Indirect

Footnotes

F1: On May 28, 2020, the reporting person gifted 75,000 shares of directly held Common Stock to Daniel Smith.

F2: On May 28. 2020, the reporting person gifted 75,000 shares of directly held Common Stock to the M&M living I Trust.

F3: This transaction was executed in multiple trades at prices ranging from $25.505 to $25.91. The price reported above reflects the weighted average sale price. The reporting person 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: This transaction was executed in multiple trades at prices ranging from $25.60 to $25.97. 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 price's at which the transaction was effected.

F5: This transaction was executed in multiple trades at prices ranging from $25.665 to $25.77. 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.

F6: 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.