SC 13D 1 toti13d070804.htm FORM 13-D, JULY 8, 2004 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 3)


Coast Casinos, Inc.
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

None
(CUSIP Number)

Franklin Toti
c/o Coast Casinos, Inc.
4500 W. Tropicana Ave.
Las Vegas, California 89103
(702) 365-7000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

July 1, 2004
(Date of Event which Requires Filing of this Statement)

        If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 13d-1(e), 13d-1(f) or 13d-1(g), check the following box:    [_]

        Note:   Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.




(Page 1 of 4 pages)



        *  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

        The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).




Cusip No. None 13D Page 2 of 4 Pages

1 NAME OF REPORTING PERSON
I.R.S. IIDENTIFICATION NO. OF ABOVE PERSON

Franklin Toti

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [_]

(b) [_]

3 SEC USE ONLY



4 SOURCE OF FUNDS*

PF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

  [_]

6 CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America





NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7 SOLE WOTING POWER

0

8 SHARED VOTING POWER

0

9 SOLE DISPOSITIVE POWER

0

10 SHARED DISPOSITIVE POWER

0

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  [_]

13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0%

14 TYPE OF REPORTING PERSON*

IN

*SEE INSTRUCTIONS BEFORE FILLING OUT!



Cusip No. None 13D Page 3 of 4 Pages


Item 1.

Security and Issuer


        This Amendment No. 3 to Schedule 13D (this "Amendment") amends a prior statement on Schedule 13D, filed with the Securities and Exchange Commission on January 16, 1996, as amended on February 13, 1996 and February 6, 2004. This Amendment relates to the common stock of Coast Casinos, Inc. (the "Company"), whose principal executive offices are located at 4500 West Tropicana Avenue, Las Vegas, Nevada 89103.



Item 4.

Purpose of Transaction


        On July 1, 2004, all shares of the Company's common stock owned by Mr.Toti were converted into the right to receive a combination of cash and Boyd Gaming Corporation common stock in connection with the merger of the Company with and into BGC, Inc. (the "Merger") pursuant to that certain Agreement and Plan of Merger, dated as of February 6, 2004 and as amended (the "Merger Agreement"), by and among Boyd Gaming Corporation, BGC, Inc. and the Company. The description of the Merger Agreement is qualified in its entirety by reference to the Merger Agreement, which is included as Exhibit 1 and is incorporated herein by reference.



Item 5.

Interest in Securities of the Issuer


(a) Mr. Toti no longer owns any shares of the Company's common stock.

(b) Not applicable.

(c) On July 1, 2004, the 99,776.470 shares of the Company's common stock held by Mr. Toti were converted into the right to receive 3,272917 shares of Boyd Gaming Corporation common stock and $16.77 in cash in connection with the Merger.

(d)-(e) Not applicable.


Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer


        Mr. Toti is no longer a party to any contracts, arrangements, understandings or relationships with respect to any securities of the Company.



Item 7.

Material to Be Filed as Exhibits


Exhibit
Description
1 Agreement and Plan of Merger, dated as of February 6, 2004, as amended, among Boyd Gaming Corporation, BGC, Inc. and Coast Casinos, Inc.*




*

Incorporated by reference to Annex A of the joint proxy statement/prospectus contained in Amendment No. 1 to Form S-4 Registration Statement (Registration No. 333-113440) of Boyd Gaming Corporation filed March 29, 2004.




Cusip No. None 13D Page 4 of 4 Pages


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

July 8, 2004

/s/ Franklin Toti
Franklin Toti



EXHIBIT INDEX


Exhibit
Description
1 Agreement and Plan of Merger, dated as of February 6, 2004, as amended, among Boyd Gaming Corporation, BGC, Inc. and Coast Casinos, Inc.*


* Incorporated by reference to Annex A of the joint proxy statement/prospectus contained in Amendment No. 1 to Form S-4 Registration Statement (Registration No. 333-113440) of Boyd Gaming Corporation filed March 29, 2004.