FORM 4
[ ] CHECK THIS BOX IF NO LONGER SUBJECT TO SECTION 16. FORM 4 TO
FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935, or Section 30(f) of the Investment Company Act of 1940.
1. Name and address of Reporting Person
Stuart John A.
--------------------------------------------------------------
(Last) (First) (Middle)
4427 South Polaris Avenue
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(Street)
Las Vegas Nevada 89103
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Rio Hotel & Casino, Inc./"RHC"
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3. IRS or Social Security Number of
Reporting Person (Voluntary)
--------------------------------------------------------------
4. Statement for 5. If Amendment, Date of
Month/Year Original
(Month/Year)
July 1996
------------ ------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer [ ] Other
(give title below) (specify below)
<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
1. Title 2. Trans- 3. Trans- 4. Securities Acquired
of action action (A) or Disposed of
Security Date Code (D)
(Instr. 3) (Month/ (Instr. 8) (Instr. 3,4 and 5)
Day/
Year)
- ------------ ------- ------------- -----------------------
Code V Amount (A) or Price
(D)
- ------------ ------- ------ ---- ------ ------ -------
<S> <C> <C> <C> <C> <C> <C>
Common Stock 07/03/96 P --- 6,500 A 15.375
--- --- --- --- --- --- ---
--- --- --- --- --- --- ---
</TABLE>
<TABLE>
<CAPTION>
TABLE I (CONTINUED)
5. Amount of 6. Ownership Form: 7. Nature of
Securities Direct (D) or Indirect
Beneficially Indirect (I) Beneficial
Owned at End of (Instr. 4) Ownership
Month (Instr. 4)
(Instr. 3 and 4)
- -------------------- ------------------ -----------------
<S> <C> <C>
17,500 D N/A
--- --- ---
--- --- ---
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly (Print or Type
Responses)
Page 1 of 2
<PAGE>
FORM 4 (CONTINUED)
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS,
CONVERTIBLE SECURITIES)
1. Title of 2. Conversion or 3. Transaction
Derivative Exercise Price Date
Security of Derivative
(Instr. 3) Security (Month/Day/Year)
- ------------------------ ------------------ ----------------
<S> <C> <C>
Option/Right to Buy/<F1> $ 3.00 N/A
Option/Right to Buy/<F2> $10.125 01/02/1993
Option/Right to Buy/<F3> $16.00 01/02/1994
Option/Right to Buy/<F4> $12.125 01/02/1995
Option/Right to Buy/<F5> $11.875 01/02/1996
</TABLE>
<TABLE>
<CAPTION>
TABLE II (CONTINUED)
4. Transaction Code 5. Number of Derivative
(Instr. 8) Securities Acquired (A) or
Disposed of (D)
(Instr. 3,4 and 5)
--------------------------- -----------------------------
Code V (A) (D)
------------- ------------ ------------- --------------
<S> <C> <C> <C>
A N/A N/A N/A
A N/A N/A N/A
A N/A N/A N/A
A N/A N/A N/A
A N/A N/A N/A
</TABLE>
<TABLE>
<CAPTION>
TABLE II (CONTINUED)
6. Date Exercisable and 7. Title and Amount of
Expiration Date Underlying Securities
(Month/Day/Year) (Instr. 3 and 4)
-------------------------- --------------------------
Date Expiration Title Amount or
Exercisable Date Number of
Shares
----------- ---------- ------------ ---------
<S> <C> <C> <C>
11/17/1992 09/05/2002 Common Stock 20,000
07/02/1993 01/01/2003 Common Stock 1,000
07/02/1994 01/01/2004 Common Stock 1,000
07/03/1995 01/02/2005 Common Stock 1,000
07/03/1996 01/02/2006 Common Stock 5,000
</TABLE>
<TABLE>
<CAPTION>
TABLE II (CONTINUED)
8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr. 5) Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect
(Instr. 4) (I)
(Instr. 4)
---------- ------------ ----------- ----------
<S> <C> <C> <C>
N/A --- --- ---
N/A --- --- ---
N/A --- --- ---
N/A --- --- ---
N/A 28,000 (D) ---
Explanation of Responses:
<FN>
<F1>: As previously reported, Mr. Stuart, prior to January 1,
1993 and pursuant to the Rio Hotel & Casino, Inc. 1991
Directors' Stock Option Plan (the "Directors' Plan"), a
plan adopted under Rule 16b-3 of the Securities Exchange
Act of 1934, had been granted an option to purchase up to
20,000 shares of Rio Hotel & Casino, Inc. common stock
("Common Stock") at $3.00 per share and upon terms and
conditions further described on the first row/line of this
Table II.
<F2>: As previously reported on January 1, 1993, Mr. Stuart,
pursuant to the Directors' Plan, was the recipient of an
option to purchase up to 1,000 shares of Common Stock at
$10.125 per share and upon terms and conditions further
described on the second row/line of Table II.
<F3>: As previously reported, on January 1, 1994, Mr. Stuart was
granted an option to purchase up to 1,000 shares of Common
Stock at $16.00 per share under the Directors' Plan and
upon terms and conditions further described on the third
row/line of Table II.
<F4>: As previously reported, on January 2, 1995, Mr. Stuart was
granted an option to purchase up to 1,000 shares of Common
Stock at $12.125 per share under the Directors' Plan and
upon terms and conditions further described on the fourth
row/line of Table II.
<F5>: As previously reported, on January 2, 1996, Mr. Stuart,
was granted an option to purchase up to 5,000 shares of
Common Stock at $11.875 per share under the Directors'
Plan and upon terms and conditions further described on
the fifth row/line of Table II.
</FN>
</TABLE>
**Intentional misstatements or omissions of facts constitute
Federal Criminal Violations.
See 18 U.S.C 1001 AND 15 U.S.C. 78ff(a).
/s/ John A. Stuart 04/10/97
------------------------------- --------
**Signature of Person Reporting Date
Note: File three copies of this Form, one of which must be
manually signed.
Page 2 of 2
<PAGE>
