SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 12)
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)
November 15, 1999
(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: o
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 4 Pages)
CUSIP No. 552953 10 1 13D Page 2 of 4 Pages
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(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) |X|
(b) | |
- ------------------------------------------------------------------------------
(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)
| |
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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: (7) SOLE VOTING POWER
:
: 36,005,122 shares
:-----------------------------------
NUMBER OF SHARES BENEFICIALLY : (8) SHARED VOTING POWER
OWNED BY EACH REPORTING : -0- shares
PERSON WITH :-----------------------------------
: (9) SOLE DISPOSITIVE POWER
: 36,005,122 shares
:-----------------------------------
:(10) SHARED DISPOSITIVE POWER
:
: -0- shares
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,005,122 shares
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
| |
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.3%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
CUSIP No. 552953 10 1 13D Page 3 of 4 Pages
- ------------------------------------------------------------------------------
This Amendment No. 12 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, on September 1, 1998, and on June 11, 1999 (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 No. 12 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:
In accordance with information previously included in the Schedule
13D and in the Registration Statement filed with the Securities and
Exchange Commission (the "Commission") on June 22, 1999, as amended
and declared effective by the Commission (the "Registration
Statement"), Mr. Kerkorian sold 2,000,000 shares of Common Stock
owned directly by him on November 12, 1999. These shares were sold in
open market transactions through a broker pursuant to a prospectus
included in the Registration Statement. Such shares were sold at a
price of $51.25 per share, for an aggregate sale price of
$102,500,000 (before brokerage commissions).
Currently, Mr. Kerkorian beneficially owns an aggregate of 36,005,122
shares of Common Stock, including 1,894,406 shares directly held by
him. The 36,005,122 shares of Common Stock beneficially owned by Mr.
Kerkorian represents approximately 63.3% of the Company's outstanding
Common Stock, based on the number of shares outstanding as of
November 5, 1999 as reported in the Company's Quarterly Report on
Form 10-Q filed with the Commission on November 12, 1999. Mr.
Kerkorian has sole voting and dispositive power with respect to the
36,005,122 shares of Common Stock beneficially owned by him.
While Mr. Kerkorian has no present intention to sell additional
shares of Common Stock at the current time, he may from time to time
sell additional shares, based upon market conditions, pursuant to a
prospectus included in the Registration Statement.
2. 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: November 15, 1999
TRACINDA CORPORATION
By: /s/ Kirk Kerkorian
_________________________
Name: Kirk Kerkorian
Title: President
/s/ Kirk Kerkorian
_____________________________
Kirk Kerkorian
