Caesars Entertainment, Inc. — Director's Dealing 2020

Mar 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Eldorado Resorts, Inc. (ERI)
CIK: 0001590895
Period of Report: 2020-03-17

Reporting Person: Recreational Enterprises, Inc. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-17	Common Stock	S	640090	$10.23	Disposed	10489777	Direct
2020-03-17	Common Stock	S	688431	$11.23	Disposed	9801346	Direct
2020-03-17	Common Stock	S	632045	$12.20	Disposed	9169301	Direct
2020-03-17	Common Stock	S	170612	$13.13	Disposed	8998689	Direct
2020-03-17	Common Stock	S	100987	$14.00	Disposed	8897702	Direct
2020-03-17	Common Stock	S	121835	$15.10	Disposed	8775867	Direct
2020-03-18	Common Stock	S	156807	$6.92	Disposed	8619060	Direct
2020-03-18	Common Stock	S	14735	$7.49	Disposed	8604325	Direct

Footnotes

F1: These shares are owned directly by Recreational Enterprises, Inc.'s ("REI"). The Donald L. Carano Family Trust, which holds a direct ownership interest in REI, is an indirect beneficial owner of the reported securities.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.76 to $10.75, inclusive. The reporting person undertakes to provide to Eldorado Resorts, Inc. ("ERI"), any security holder of ERI, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (4), (5), (6), (7), (8), (9) and (10) to this Form 4.

F3: These shares were sold to satisfy a margin call under a margin loan agreement with a third party commercial bank. As a result of the sales reported in this Form 4, REI's obligations under the margin loan have been satisfied in full and no shares of Common Stock owned by REI are pledged as collateral.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.76 to $11.75, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.76 to $12.75, inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.76 to $13.75, inclusive.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.76 to $14.75, inclusive.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.76 to $15.64, inclusive.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.26 to $7.25, inclusive.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.26 to $7.86, inclusive.