0000858339-17-000099.txt : 20170317
0000858339-17-000099.hdr.sgml : 20170317
20170317212504
ACCESSION NUMBER: 0000858339-17-000099
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160323
FILED AS OF DATE: 20170317
DATE AS OF CHANGE: 20170317
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CAESARS ENTERTAINMENT Corp
CENTRAL INDEX KEY: 0000858339
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 621411755
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE CAESARS PALACE DRIVE
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
BUSINESS PHONE: 7024076000
MAIL ADDRESS:
STREET 1: ONE CAESARS PALACE DRIVE
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
FORMER COMPANY:
FORMER CONFORMED NAME: HARRAHS ENTERTAINMENT INC
DATE OF NAME CHANGE: 19950727
FORMER COMPANY:
FORMER CONFORMED NAME: PROMUS COMPANIES INC
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FRISSORA MARK P
CENTRAL INDEX KEY: 0001239786
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10410
FILM NUMBER: 17699941
MAIL ADDRESS:
STREET 1: ONE CAESARS PALACE DRIVE
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
4
1
wf-form4_148980028921003.xml
FORM 4
X0306
4
2016-03-23
0
0000858339
CAESARS ENTERTAINMENT Corp
CZR
0001239786
FRISSORA MARK P
C/O CAESARS ENTERTAINMENT CORPORATION
ONE CAESARS PALACE DRIVE
LAS VEGAS
NV
89109
1
1
0
0
President and CEO
Employee stock option (right to buy)
11.51
2016-03-23
4
A
0
100000
0
A
2025-02-05
Common Stock
100000.0
100000
D
Employee stock option (right to buy)
11.51
2017-02-08
4
A
0
100000
0
A
2025-02-05
Common Stock
100000.0
100000
D
Employee stock option (right to buy)
11.51
2017-03-15
4
D
0
200000
D
2025-02-05
Common Stock
200000.0
0
D
Employee stock option (right to buy)
9.45
2017-03-15
4
A
0
200000
A
2025-02-05
Common Stock
200000.0
200000
D
Employee stock option (right to buy)
11.51
2017-03-15
4
D
0
200000
D
2025-02-05
Common Stock
200000.0
0
D
Employee stock option (right to buy)
9.45
2017-03-15
4
A
0
200000
A
2025-02-05
Common Stock
200000.0
200000
D
Employee stock option (right to buy)
11.51
2017-03-15
4
D
0
400000
D
2025-02-05
Common Stock
400000.0
0
D
Employee stock option (right to buy)
9.45
2017-03-15
4
A
0
400000
A
2025-02-05
Common Stock
400000.0
400000
D
Represents 50,000 shares vested March 23, 2016 applicable to EBITDA 5% performance target and 50,000 shares vested March 23, 2016 applicable to EBITDA 7.5% performance target.
On February 5, 2015, the reporting person was awarded performance-based options to purchase 200,000 shares of common stock at a 5% EBITDA performance target and 200,000 shares of common stock at a 7.5% EDITDA performance target. Each option vests in four equal installments based on the Registrant's satisfaction of the performance criteria for each of the fiscal years ending December 31, 2015, 2016, 2017, and 2018. The performance criteria in 2015 for both targets were met, resulting in vesting of a total of 100,000 shares.
Represents 50,000 shares vested February 8, 2017 applicable to EBITDA 5% performance target and 50,000 shares vested February 8, 2017 applicable to EBITDA 7.5% performance target.
On February 5, 2015, the reporting person was awarded performance-based options to purchase 200,000 shares of common stock at a 5% EBITDA performance target and 200,000 shares of common stock at a 7.5% EDITDA performance target. Each option vests in four equal installments based on the Registrant's satisfaction of the performance criteria for each of the fiscal years ending December 31, 2015, 2016, 2017, and 2018. The performance criteria in 2016 for both targets were met, resulting in vesting of a total of 100,000 shares.
Reflects new pricing of options; vesting schedules and expiration dates remain the same.
The option to purchase shares, originally awarded on 2/5/2015, becomes vested and becomes exercisable, if at all, on the date that is six months immediately following the end of the 30 consecutive trading day period in which the volume weighted average price of one share of Caesars Entertainment Corporation common stock is equal to or greater than $15.00.
Options to purchase shares, originally awarded on 2/5/2015, vest in equal annual installments of 25% on each of February 5, 2016, 2017, 2018, with the remaining 25% scheduled to vest on February 4, 2019.
/s/ Jill Eaton, by Power of Attorney, on behalf of Mark P. Frissora
2017-03-17