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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)*
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MGM Grand, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
552953101
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(CUSIP Number)
Richard E. Sobelle, Esq. (702) 737-8060
Tracinda Corporation
4835 Koval Lane, Las Vegas, Nevada 89109
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 23, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
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CUSIP No. 552953101 PAGE __ OF __ PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kirk Kerkorian
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
USA
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SOLE VOTING POWER
7
NUMBER OF 35,621,265
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 35,621,265
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
35,621,265
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
61.6%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
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CUSIP No. 552953101 PAGE __ OF __ PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tracinda Corporation
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Nevada
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SOLE VOTING POWER
7
NUMBER OF 31,726,859
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 31,726,859
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
31,726,859
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
54.9%
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TYPE OF REPORTING PERSON*
14
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 6 amends and supplements the Statement on Schedule 13D (as
previously amended, the "Schedule 13D"), relating to the common stock par value
$.01 per share (the "Shares"), of MGM Grand, Inc., a Delaware corporation (the
"Company"), previously filed by Mr. Kerkorian and Tracinda Corporation
("Tracinda"). Terms used and not defined in this Amendment have the meaning set
forth in the Schedule 13D.
1. Item 4, "Purpose of Transaction," Item 5, "Interest in Securities of
the Issuer" and Item 6, "Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer" of the Schedule 13D are
hereby amended to add the following information:
On November 20, 1995, Tracinda filed an amendment to its Schedule 13D
disclosing its intention to donate 20,000,000 shares (adjusted for stock split)
of Chrysler common stock and 2,000,000 shares of MGM Grand, Inc. common stock to
The Lincy Foundation, a California non-profit public benefit corporation formed
in 1989 by Tracinda. One condition of the donation was the receipt by Tracinda
of a favorable tax ruling by the Internal Revenue Service relating to the
proposed gift. Tracinda has been advised by the Internal Revenue Service that
its requested tax ruling will not be approved. Accordingly, Tracinda has
withdrawn the request. As a result of the failure to obtain the ruling, the
proposed donation to The Lincy Foundation, which was to have been made in three
annual installments commencing in November, 1997 will not be made. It is
Tracinda's intent, however, to make comparable gifts to charitable organizations
directly, either in shares of Chrysler common stock, MGM Grand, Inc. common
Stock, other securities, or cash. Such donations may be made at times different
from the times the proposed donations to The Lincy Foundation were to have been
made. On this date Tracinda has donated $32,500,288 consisting of 875,008 shares
of Chrysler common stock (valued at $31,500,288) and $1,000,000 in cash to 30
charitable organizations. Future gifts will be subject to certain conditions
including the consent of Tracinda's lenders.
2. Except as specifically provided herein, this amendment does not modify
any of the information previously reported on the Schedule 13D
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SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
TRACINDA CORPORATION
BY:/s/ Anthony L. Mandekic
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Anthony L. Mandekic
Secretary/Treasurer
January 23, 1997
