BOYD GAMING CORP — Director's Dealing 2021

Mar 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2021-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	A	34719	—	Acquired	1315617	Direct
2021-03-01	Common Stock	F	13659	$62.12	Disposed	1301958	Direct
2021-03-01	Common Stock	M	100000	$9.86	Acquired	1401958	Direct
2021-03-01	Common Stock	S	25000	$61.3518	Disposed	1376958	Direct
2021-03-01	Common Stock	S	25000	$61.7353	Disposed	1351958	Direct
2021-03-01	Common Stock	S	25000	$61.7202	Disposed	1326958	Direct
2021-03-01	Common Stock	S	25000	$62.0707	Disposed	1301958	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Employee Stock Option (Right to Buy)	$9.86	M	100000	Disposed	2023-11-07	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	325	Indirect

Footnotes

F1: Represents shares underlying Performance Share Units that vested on March 1, 2021.

F2: This transaction was executed in multiple trades at prices ranging from $61.14 to $61.52. 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 $61.555 to $61.93. 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: This transaction was executed in multiple trades at prices ranging from $61.35 to $62.02. 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.

F5: This transaction was executed in multiple trades at prices ranging from $61.92 to $62.20. 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 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.