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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
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) |
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 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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $ 3.93 | 01/07/2021 | A | 32,027 (2) | (3) | 01/07/2031 | Common Stock | 32,027 | $ 0 | 32,027 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LEE DANIEL R C/O FULL HOUSE RESORTS, INC. 1980 FESTIVAL PLAZA DRIVE, SUITE 680 LAS VEGAS, NV 89135 |
X | President & CEO |
/s/ Lewis A Fanger, Attorney-in-Fact | 01/11/2021 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Not included in this report is the grant of 69,975 shares of restricted stock approved on January 7, 2021 by the compensation committee of the board of directors (the "Compensation Committee") of Full House Resorts, Inc. (the "Company") under the Company's 2015 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives. The restricted stock will vest in three equal annual amounts, subject to the achievement of certain performance-based criteria in 2021, 2022 and 2023. Each such annual amount will be reported following the date of vesting. |
(2) | On January 7, 2021, the Compensation Committee of the Company approved an option grant to purchase a total of 124,120 shares at $3.93 per share. Of such total, 32,027 shares are reported above. The option grant to purchase the remaining 92,093 shares at $3.93 per share are subject to stockholder approval of an increase to the number of available shares for issuance under the Company's 2015 Equity Incentive Plan. |
(3) | The option vests in three equal annual installments beginning on January 7, 2022. |