0001181431-11-041003.txt : 20110712
0001181431-11-041003.hdr.sgml : 20110712
20110712172653
ACCESSION NUMBER: 0001181431-11-041003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110708
FILED AS OF DATE: 20110712
DATE AS OF CHANGE: 20110712
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Halkyard Jonathan S
CENTRAL INDEX KEY: 0001371536
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10410
FILM NUMBER: 11964533
MAIL ADDRESS:
STREET 1: ONE CAESARS PALACE DRIVE
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
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
4
1
rrd309295.xml
X0303
4
2011-07-08
0
0000858339
CAESARS ENTERTAINMENT Corp
NONE
0001371536
Halkyard Jonathan S
ONE CAESARS PALACE DRIVE
LAS VEGAS
NV
89109
0
1
0
0
Sr. VP and CFO
Stock Option
100.00
2011-07-08
4
D
0
51147
D
2018-02-27
Common Stock
51147
0
D
Stock Option
35
2011-07-08
4
A
0
51147
A
2018-02-27
Common Stock
51147
51147
D
Stock Option
56.08
2011-07-08
4
D
0
53341
D
2020-03-01
Common Stock
53341
0
D
Stock Option
35
2011-07-08
4
A
0
53341
A
2020-03-01
Common Stock
53341
53341
D
The reported transactions represent an amendment on July 8, 2011 (the "Repricing Date") of the outstanding option to reflect a modification (the "Modification") of the exercise price to $35; the ability to exercise the options at this reduced price is phased in over 4 to 7 years in equal annual increments based on the original grant date for the option. No changes have been made to the vesting provisions of the options.
Form 4 filed on November 24, 2010 incorrectly included performance-based options. The options and underlying shares reported on this line item reflect the correct holdings of the Reporting Person.
The option was originally granted on February 27, 2008 and provides for vesting in five equal annual installments commencing on January 28, 2009.
The expiration date and vesting dates reported herein correct the expiration date and vesting dates previously incorrectly reported on November 24, 2010.
The option was originally granted on March 1, 2010 and provides for vesting in four equal annual installments commencing on March 1, 2012.
The Modification provides that vested options may be exercised at the reduced $35 price at the rates set forth below. The Modification also provides that vested options may be exercised at the original price at any time prior to the expiration. 20% on the Repricing Date and continuing 20% on each anniversary of the original grant date.
The Modification provides that vested options may be exercised at the reduced $35 price at the rates set forth below. The Modification also provides that vested options may be exercised at the original price at any time prior to the expiration. 1/7th on the Repricing Date and continuing 1/7th on each anniversary of the original grant date.
/s/ Jonathan S. Halkyard by Jill Eaton, attorney-in-fact
2011-07-12