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