Statement of Changes in Beneficial Ownership (4)
January 04 2023 - 4:20PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Reeves Robeson |
2. Issuer Name and Ticker or Trading Symbol
Bally's Corp
[
BALY
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, Interactive |
(Last)
(First)
(Middle)
C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2022 |
(Street)
PROVIDENCE, RI 02903
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/31/2022 | | M | | 18839 | A | $0 | 260350 | D | |
Common Stock | 12/31/2022 | | F(1) | | 8855 | D | $19.38 | 251495 | D | |
Common Stock | 1/1/2023 | | M | | 5830 | A | $0 | 257325 | D | |
Common Stock | 1/1/2023 | | F(2) | | 2741 | D | $19.38 | 254584 | D | |
Common Stock | 1/1/2023 | | M | | 845 | A | $0 | 845 | I | Spouse |
Common Stock | 1/1/2023 | | F(3) | | 398 | D | $19.38 | 447 | I | Spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (4) | 12/31/2022 | | M | | | 18839 | (5) | (5) | Common Stock | 18839.0 | $0 | 37679 | D | |
Restricted Stock Unit | (4) | 1/1/2023 | | M | | | 5830 | (6) | (6) | Common Stock | 5830.0 | $0 | 5830 | D | |
Restricted Stock Unit | (4) | 1/1/2023 | | M | | | 845 | (7) | (7) | Common Stock | 845.0 | $0 | 845 | I | Spouse |
Explanation of Responses: |
(1) | On December 31, 2022, 18,839 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 8,855 shares on that date to satisfy certain tax withholding obligations in connection with the vesting. |
(2) | On January 1, 2023, 5,830 shares of Bally's Corporation restricted stock units vested. The Company retained 2,741 shares on that date to satisfy certain tax withholding obligations in connection with the vesting. |
(3) | On January 1, 2023, 845 shares of Bally's Corporation restricted stock units vested. The Company retained 398 shares on that date to satisfy certain tax withholding obligations in connection with the vesting. |
(4) | Each restricted stock unit represents the right to receive one share of Bally's Corporation common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement. |
(5) | On October 1, 2021, the reporting person was granted 56,518 restricted stock units which will vest in three equal installments on December 31, 2022, 2023 and 2024. |
(6) | On November 5, 2021, the reporting person was granted 13,697 restricted stock units which will vest in two equal installments on January 1, 2023 and 2024. |
(7) | On November 5, 2021, the spouse of the reporting person was granted 1,690 restricted stock units which will vest in two equal installments on January 1, 2023 and 2024. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Reeves Robeson C/O BALLY'S CORPORATION 100 WESTMINSTER STREET PROVIDENCE, RI 02903 | X |
| President, Interactive |
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Signatures
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/s/ Victoria Ellis, Attorney-In-Fact | | 1/4/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | 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 is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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