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. 11)
MGM GRAND, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
552953 10 1
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(CUSIP Number)
Richard E. Sobelle, Esq.
Tracinda Corporation
150 Rodeo Drive, Suite 250
Beverly Hills, California 90212
(310) 271-0638
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 10, 1999
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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 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.
CUSIP No. 552953 10 1 13D
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tracinda Corporation
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
N/A
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
( )
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
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: (7) SOLE VOTING POWER
: 34,110,716 shares
:---------------------------------------
NUMBER OF SHARES BENEFICIALLY : (8) SHARED VOTING POWER
OWNED BY EACH REPORTING : -0- shares
PERSON WITH :---------------------------------------
: (9) SOLE DISPOSITIVE POWER
: 34,110,716 shares
:---------------------------------------
:(10) SHARED DISPOSITIVE POWER
: -0- shares
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,110,716 shares
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
( )
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
54.9%
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(14) TYPE OF REPORTING PERSON
CO
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CUSIP No. 552953 10 1 13D
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kirk Kerkorian
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
N/A
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
( )
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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: (7) SOLE VOTING POWER
: 38,005,122 shares
:---------------------------------------
NUMBER OF SHARES BENEFICIALLY : (8) SHARED VOTING POWER
OWNED BY EACH REPORTING : -0- shares
PERSON WITH :---------------------------------------
: (9) SOLE DISPOSITIVE POWER
: 38,005,122 shares
:---------------------------------------
:(10) SHARED DISPOSITIVE POWER
: -0- shares
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,005,122 shares
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
( )
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
61.2%
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(14) TYPE OF REPORTING PERSON
IN
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This Amendment No. 11 amends and supplements the Statement on
Schedule 13D filed on August 20, 1991, as amended on June 8, 1992, on
October 16, 1992, on February 22, 1994, on March 11, 1994, on November 20,
1995, on January 24, 1997, on September 25, 1997, on August 3, 1998, on
August 21, 1998, and on September 1, 1998 (as so 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 Tracinda Corporation, a Nevada corporation
("Tracinda"), and Mr. Kirk Kerkorian. Capitalized terms used herein and
not otherwise defined in this Amendment shall 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:
Mr. Kirk Kerkorian has requested the Company to register for sale by
him up to 3,894,406 shares of Common Stock which he owns directly.
The potential sale of such shares will be made only pursuant to a
prospectus included in a registration statement declared effective by
the Securities and Exchange Commission and only after completion of
the Company's tender offer, announced today, to purchase up to
6,000,000 shares of its Common Stock. Any such sale will be made
either in the open market or through privately negotiated
transactions, as market conditions warrant. Neither Tracinda nor
Mr. Kerkorian intend to participate in the Company's tender offer.
Currently, Tracinda and Mr. Kerkorian beneficially own an aggregate of
38,005,122 shares of Common Stock, or approximately 61.2% of the
62,079,476 outstanding shares as of May 11, 1999, as to which Mr.
Kerkorian has sole voting and dispositive power. Tracinda has sole
voting and dispositive power with respect to 34,110,716 of these
shares. Assuming the repurchase of 6,000,000 shares of Common Stock
by the Company and the public sale by Mr. Kerkorian of his directly
owned shares, Tracinda and Mr. Kerkorian would beneficially own an
aggregate of 34,110,716 shares of Common Stock, or approximately 60.8%
of the 56,079,476 shares of Common Stock which would be outstanding
after giving effect to the tender offer. Assuming the repurchase of
6,000,000 shares by the Company and no public sale by Mr. Kerkorian of
his shares, Tracinda and Mr. Kerkorian would beneficially own
approximately 67.8% of the outstanding number of shares after the
tender offer.
2. Item 7 of the Schedule 13D is hereby amended to add the following
information:
Exhibit A: Power of Attorney.
3. Except as specifically provided herein, this amendment does not modify
any of the information previously reported on the Schedule 13D.
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: June 11, 1999
TRACINDA CORPORATION
By: /s/ Anthony L. Mandekic
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Name: Anthony L. Mandekic
Title: Secretary/Treasurer
KIRK KERKORIAN
By: /s/ Anthony L. Mandekic
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Name: Anthony L. Mandekic
Title: Attorney-in-Fact
EXHIBIT A
POWER OF ATTORNEY
The undersigned hereby appoints Anthony Mandekic as attorney-in-fact
of the undersigned for the purpose of executing any and all filings by the
undersigned under the Securities Exchange Act of 1934, as amended
(including Schedules 13G and 13D, Forms 3, 4 and 5), with respect to the
securities of MGM Grand, Inc. This limited power of attorney shall remain
in effect until revoked in writing.
/s/ Kirk Kerkorian
--------------------------------
Kirk Kerkorian
Dated: June 11, 1999
