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
Thomas Peter M.
--------------------------------------------------------------
(Last) (First) (Middle)
c/o Thomas & Mack Center
2300 West Sahara, Box 1
--------------------------------------------------------------
(Street)
Las Vegas Nevada 89102
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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)
January 1997
------------ ------------
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 --- --- --- --- --- ---
--- --- --- --- --- --- ---
--- --- --- --- --- --- ---
</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>
6,000 (D) ---
--- --- ---
--- --- ---
</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> $16.625 05/16/1995
Option/Right to Buy/<F2> $11.875 01/02/1996
Option/Right to Buy/<F3> $14.875 01/02/1997
</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 20,000 N/A
A N/A 5,000 N/A
A N/A 5,000 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>
12/17/1995 05/16/2005 Common Stock 20,000
07/03/1996 01/02/2006 Common Stock 5,000
07/03/1997 01/02/2007 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 --- (D) N/A
N/A --- (D) N/A
N/A 30,000 (D) N/A
Explanation of Responses:
<FN>
<F1>: As previously reported, Mr. Thomas, 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, was granted an
option to purchase up to 20,000 shares of Rio Hotel &
Casino, Inc. Common Stock at $16.625 per share and upon
terms and conditions further described on the first
row/line of this Table II.
<F2>: As previously reported, Mr. Thomas, pursuant to the
Directors' Plan, 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 in the second row/line of Table II.
<F3>: On January 2, 1997, Mr. Thomas, pursuant to the Directors'
Plan, was granted an option to purchase up to 5,000 shares
of Common Stock at $14.875 per share under the Directors
Plan and upon terms and conditions further described in
the third 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/ Peter M. Thomas 04/08/97
------------------------------- --------
**Signature of Person Reporting Date
Note: File three copies of this Form, one of which must be
manually signed.
Page 2 of 2
<PAGE>
