5 1 a2101740z5.htm FORM 5

                FORM 5
o Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
o Form 3 Holdings Reported
o Form 4 Transactions Reported		   UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

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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1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer
(Check all applicable)
    Fertitta   Lorenzo   Joseph       Station Casinos, Inc. STN               X     Director       X     10% Owner
 
           
    (Last)   (First)   (Middle)   3.   I.R.S Identification Number of Reporting Person, if an entity (voluntary)   4.   Statement for Month/Year           X     Officer
          (give title
           below)		                Other
              (specify
               below)
                                         
    2411 W. Sahara Avenue       ###-##-####       12/02       President    
 
 
     
(Street)           5.   If Amendment, Date of Original (Month/Year)   7.   Individual or Joint/Group Reporting
(check applicable line)
             Form Filed by One Reporting
              Person
             Form Filed by More than
    Las Vegas   Nevada   89102                                   One Reporting Person
    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.   Title of Security
(Instr. 3)		   2.   Transaction Date
(Month/ Day/ Year)		   2A.   Deemed Execution Date, if any
(Month/ Day/ Year)		   3.   Transaction Code
(Instr. 8)		   4.   Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		   5.   Amount of Securities Beneficially Owned at the end of Issuer's Fiscal Year   6.   Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		   7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                               
      (Instr. 3 and 4)                
                                        Amount   (A) or (D)   Price                        
    Common Stock       06/05/02               G       1,750   D           5,170,589       I       By Trust (1)
    Common Stock       06/06/02               G       878   D           5,169,711       I       By Trust (1)
    Common Stock       06/06/02               G       986   D           5,168,725       I       By Trust (1)
    Common Stock       07/03/02               G       1,000   A           86,261       I       By Self as Settlor (4)
    Common Stock       07/10/02               G       1,100   D           5,167,625       I       By Trust (1)
    Common Stock       07/10/02               G       1,100   A           87,361       I       By Self as Settlor (4)
    Common Stock       07/10/02               G       944   A           88,305       I       By Self as Settlor (4)
    Common Stock       08/26/02               G       1,333   D           5,166,292       I       By Trust (1)
    Common Stock       11/22/02               G       800   A           89,105       I       By Self as Settlor (4)
    Common Stock       11/22/02               G       850   A           89,955       I       By Self as Settlor (4)

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    Common Stock       11/29/02               G       900   A           90,855       I       By Self as Settlor (4)
    Common Stock       11/29/02               G       990   D           5,165,302       I       By Trust (1)
    Common Stock       11/29/02               G       990   A           91,845       I       By Self as Settlor (4)
    Common Stock       12/11/02               G       822   D           5,164,480       I       By Trust (1)
    Common Stock       12/13/02               G       800   A           92,645       I       By Self as Settlor (4)
    Common Stock       12/13/02               G       990   D           5,163,490       I       By Trust (1)
    Common Stock       12/13/02               G       990   A           93,635       I       By Self as Settlor (4)

*If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly

(Print or Type Responses)

SEC 2270 (3/91)

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FORM 5 (Continued)   Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
                                           
     
                                                (A)   (D)       Date Exercisable   Expiration Date
    Employee Stock Option (Right to Buy)       $14.6667       5/21/93               H               45,000       (5)   5/21/03
    Employee Stock Option (Right to Buy)       $15.10       7/15/02               A           45,000           (5)   7/15/12
    Employee Stock Option (Right to Buy)       $13.3333       5/21/93               H               103,500       (6)   5/21/03
    Employee Stock Option (Right to Buy)       $15.10       7/15/02               A           103,500           (6)   7/15/12
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 at End of Year
(Instr. 4)		   10.   Ownership of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		   11.   Nature of Indirect Beneficial Ownership
(Instr. 4)
   
                               
    Title   Amount or Number of Shares                                
    Common Stock   45,000               1,878,500       D        
    Common Stock   45,000               1,923,500       D        
    Common Stock   103,500               1,820,000       D        
    Common Stock   103,500               1,923,500       D        

Explanation of Responses:

See Explanations on Page 4.

    /s/  LORENZO JOSEPH FERTITTA         January 28, 2003
   
**Signature of Reporting Person		  
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

http://www.sec.gov/divisions/corpfin/forms/form5.htm
Last update: 09/03/2002

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Continuation Page for Form 5—Explanation of Responses

Reporting Person:   Fertitta, Lorenzo J.
Period:   12/31/02
(1)
The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust u/a/d 6/24/91, as amended and restated (formerly the LJF Trust). STN shares held as husband's separate property.

(4)
Activity is for the Lorenzo J. Fertitta, Jr. Trust u/a/d/ 12/13/94, and/or The Nicco J. Fertitta Trust u/a/d 11/7/96, and/or The Angelica T. Fertitta Trust u/a/d 07/10/01 (F/B/O the reporting person's minor children) of which the reporting person is Settlor.

Derivatives

(5)
Non-qualified stock options covering 45,000 shares (100% vested) were cancelled and reissued effective 07/15/02, with an expiration date of 07/15/12, increased exercise price to $15.10, and 100% vesting on 7/15/04.

(6)
Non-qualified stock options covering 103,500 shares (100% vested) were cancelled and reissued effective 07/15/02, with an expiration date of 07/15/12, increased exercise price to $15.10, and 100% vesting on 7/15/04.

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