8-K - RSU-Grants - July 2013

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K
 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
July 2, 2013 (June 28, 2013)
Date of Report (Date of earliest event reported)
 
Caesars Entertainment Corporation
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-10410
 
62-1411755
(State of Incorporation)
 
(Commission File Number)
 
(IRS Employer
 
 
 
 
Identification Number)
 
 
One Caesars Palace Drive
 
 
 
 
Las Vegas, Nevada 89109
 
 
 
 
(Address of principal executive offices)
(Zip Code)
 
 
 
(702) 407-6000
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 28, 2013, the Human Resources Committee of the Registrant (the “Committee”) approved the Form of the Restricted Stock Unit Award Agreement under the 2012 Performance Incentive Plan (the “Plan”).
The Committee also made the following grants of options to purchase shares and restricted stock units under the Plan to the Company’s named executive officers:
Stock Option Grants

Name
Number of Options to Purchase Shares
Strike Price
Number of Restricted Stock Units
Vesting Schedule
Gary W. Loveman
110,834
$13.70
102,917
Four equal installments on each of 1/2/2014, 1/2/2015, 1/2/2016 and 1/2/2017
 
 
 
 
 
Donald A. Colvin
21,875
$13.70
32,813
Four equal installments on each of 1/2/2014, 1/2/2015, 1/2/2016 and 1/2/2017
 
 
 
 
 
John W. R. Payne
28,125
$13.70
42,188
Four equal installments on each of 1/2/2014, 1/2/2015, 1/2/2016 and 1/2/2017
 
 
 
 
 
Thomas M. Jenkin
37,500
$13.70
56,250
Four equal installments on each of 1/2/2014, 1/2/2015, 1/2/2016 and 1/2/2017
 
 
 
 
 
Timothy R. Donovan
20,313
$13.70
30,469
Four equal installments on each of 1/2/2014, 1/2/2015, 1/2/2016 and 1/2/2017





Item 9.01    Financial Statements and Exhibits

(d)    Exhibits. The following exhibit is being filed herewith:

10.1     Form of Restricted Stock Unit Award Agreement



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   



Date: July 2, 2013
CAESARS ENTERTAINMENT CORPORATION
 
 
 
By: /s/ Michael D. Cohen
 
Michael D. Cohen
 
Senior Vice President, Deputy General Counsel
 
and Corporate Secretary