SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 10)
MGM GRAND, INC.
(Name of Issuer)
Common Stock,$.01 par value per share
(Title of Class of Securities)
552953 10 1
(CUSIP Number)
Richard E. Sobelle, Esq.
Tracinda Corporation
150 Rodeo Drive, Suite 250
Beverly Hills, California 90212
(310) 271-0638
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 31, 1998
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box: ( )
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 6 Pages)
CUSIP No. 552953 10 1 13D Page 2 of 6 Pages
--------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kirk Kerkorian
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( )
(b) ( )
(3) SEC USE ONLY
(4) SOURCE OF FUNDS
BK
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
( )
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
: (7) SOLE VOTING POWER
:
: 37,660,922 shares
:
NUMBER OF SHARES BENEFICIALLY : (8) SHARED VOTING POWER
OWNED BY EACH REPORTING : -0- shares
PERSON WITH :
: (9) SOLE DISPOSITIVE POWER
: 37,660,922 shares
:
:(10) SHARED DISPOSITIVE POWER
:
: -0- shares
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,660,922 shares
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
( )
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
72.4%
(14) TYPE OF REPORTING PERSON
IN
CUSIP No. 552953 10 1 13D Page 3 of 6 Pages
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tracinda Corporation
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( )
(b) ( )
(3) SEC USE ONLY
(4) SOURCE OF FUNDS
BK
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
( )
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
: (7) SOLE VOTING POWER
:
: 33,766,516 shares
:
NUMBER OF SHARES BENEFICIALLY : (8) SHARED VOTING POWER
OWNED BY EACH REPORTING : -0- shares
PERSON WITH :
: (9) SOLE DISPOSITIVE POWER
: 33,766,516 shares
:
:(10) SHARED DISPOSITIVE POWER
:
: -0- shares
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,766,516 shares
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
( )
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.9%
(14) TYPE OF REPORTING PERSON
CO
CUSIP No. 552953 10 1 13D Page 4 of 6 Pages
This Amendment No. 10 amends and supplements the Statement on
Schedule 13D (as previously amended, the "Schedule 13D"), relating to the
common stock, $.01 par value per share (the "Common Stock"), of MGM Grand,
Inc., a Delaware corporation (the "Company"), previously filed by Mr.
Kerkorian and Tracinda Corporation, a Nevada corporation ("Tracinda").
Capitalized terms used herein and not otherwise defined in this Amendment
shall have the meaning set forth in the Schedule 13D.
1. Item 3, "Source and Amount of Funds or Other Consideration"; Item 4,
"Purpose of Transaction"; and Item 5, "Interest in Securities of the
Issuer" of the Schedule 13D are hereby amended to add the following
information:
From August 21 through August 31, 1998, Tracinda purchased 763,700 shares
of Common Stock pursuant to the following open market purchases:
Amount of
Date of Shares Price
Transaction Purchased per Share
8/21/98 18,000 $30.0000
8/21/98 40,500 29.9375
8/21/98 41,500 29.8750
8/21/98 18,000 29.8125
8/24/98 10,000 29.7500
8/24/98 41,000 29.8125
8/25/98 30,000 29.8125
8/25/98 25,000 29.8750
8/26/98 11,000 29.7500
8/26/98 30,000 29.8125
8/27/98 5,000 29.6875
8/27/98 29,000 29.5625
8/27/98 5,000 29.5000
8/27/98 5,000 29.4375
8/27/98 118,000 29.3750
8/28/98 48,200 29.1875
8/28/98 13,500 29.2500
8/28/98 10,000 29.3125
8/28/98 10,000 29.3750
8/31/98 97,500 29.0625
8/31/98 102,500 29.0000
8/31/98 5,000 29.9375
8/31/98 50,000 28.7500
Tracinda acquired said shares for an aggregate purchase price of
$22,455,150, exclusive of brokerage commissions, or an average price per
share of approximately $29.40. Such aggregate purchase price was funded by
borrowings under a bank Credit Agreement, a copy of which has been
previously filed as an exhibit to the Schedule 13D.
CUSIP No. 552953 10 1 13D Page 5 of 6 Pages
As a result of said purchases, Kirk Kerkorian and Tracinda beneficially own
an aggregate of 37,660,922 shares of Common Stock or approximately 72.4% of
the outstanding shares, as to which they have sole voting and dispositive
power.
2. Except as specifically provided herein, this amendment does not modify
any of the information previously reported on the Schedule 13D.
CUSIP No. 552953 10 1 13D Page 6 of 6 Pages
SIGNATURE
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.
Dated: September 1, 1998
TRACINDA CORPORATION
By: /s/ ANTHONY L. MANDEKIC
--------------------------
Anthony L. Mandekic
Secretary/Treasurer
