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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option (Right to Buy) | $ 5.93 | 11/29/2010 | M | 25,000 | (3) | 12/31/2018 | Common Stock | 25,000 | $ 0 | 75,000 | D | ||||
Option (Right to Buy) | $ 7.73 | 11/29/2010 | M | 25,000 | (4) | 06/17/2019 | Common Stock | 25,000 | $ 0 | 75,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kay Kenneth J 3355 LAS VEGAS BOULEVARD SOUTH LAS VEGAS, NV 89109 |
Executive VP & CFO |
/s/ Kenneth J. Kay | 11/30/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares sold in connection with the exercise of stock options on November 29, 2010. |
(2) | This transaction was executed in multiple trades at prices ranging from $50.50 to $50.51. 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. |
(3) | The Reporting Person was granted options to purchase 100,000 shares on January 1, 2009, of which 25,000 vested on January 1, 2010, and 25,000 will vest on January 1, 2011; 25,000 will vest on January 1, 2012; and 25,000 will vest on January 1, 2013. |
(4) | The Reporting Person was granted options to purchase 100,000 shares on June 18, 2009, of which 25,000 vested on June 18, 2010, and 25,000 will vest on June 18, 2011, 25,000 will vest on June 18, 2012; and 25,000 will vest on June 18, 2013. |
Remarks: In addition to the above, Mr. Kay was granted options to purchase 300,000 shares on February 23, 2010 and 88,000 shares on June 11, 2010 which will each vest in equal installments over a four year period from the respective dates of grant. |