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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)
NAME OF ISSUER: Boyd Gaming Corporation
TITLE OF CLASS OF SECURITIES: Common Stock
CUSIP NO.: 103304
FEE BEING PAID: No
(1) NAME OF REPORTING PERSON: William S. Boyd
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*: N/A
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION: United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(5) SOLE POWER TO VOTE: 25,296,003(1)
(6) SHARED POWER TO VOTE: 0
(7) SOLE POWER TO DISPOSE: 25,296,003(1)
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(1) The foregoing totals are as of December 31, 1998 and include 21,602,172
shares held by the William S. Boyd Gaming Properties Trust, of which the
reporting person is the sole trustee and beneficiary; 367,141 shares held
by the William S. Boyd Family Limited Partnership, of which the William S.
Boyd Family Corporation, which is wholly owned by William S. Boyd, is the
Managing General Partner; 24,329 shares held by the William S. Boyd Family
Corporation; 2,316,397 shares held by the W.M. Limited Partnership, of
which W.S.B., Inc., which is wholly owned by William S. Boyd, is the
Managing General Partner; 4,836 shares held by W.S.B., Inc.; 24,039 shares
held by the William S. Boyd Grantor Retained Annuity Trust #2, of which the
reporting person is the grantor and trustee; 27,044 shares held by the
William S. Boyd Grantor Retained Annuity Trust #3, of which the reporting
person is the grantor and trustee; 25,044 shares held directly by the
reporting person; and 905,001 shares subject to outstanding options which
were exercisable by the reporting person as of December 31, 1998. The
reporting person also has 429,999 shares under options which will vest in
various portions within the next ten years.
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(8) SHARED POWER TO DISPOSE: 0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
25,296,003(1)
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES: N/A
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 40.20%
(12) TYPE OF REPORTING PERSON*: IN
Item 1.
(a) Name of Issuer:
Boyd Gaming Corporation
(b) Address of issuer's Principal Executive Offices:
2950 South Industrial Road
Las Vegas, Nevada 89109
Item 2.
(a) Name of Person Filing:
William S. Boyd(1)
(b) Address of Principal Business Office or, if none,
Residence:
2950 South Industrial Road
Las Vegas, Nevada 89109
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
103304
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable
Item 4. Ownership
(a) Amount Beneficially Owned: 25,296,003(1)
(b) Percent of Class:
40.20%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
25,296,003(1)
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition
of:
25,296,003(1)
(iv) shared power to dispose or to direct the
disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
Not Applicable
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Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of the Group
Not Applicable
Item 10. Certification
Not Applicable
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(1) The foregoing totals are as of December 31, 1998 and include 21,602,172
shares held by the William S. Boyd Gaming Properties Trust, of which the
reporting person is the sole trustee and beneficiary; 367,141 shares held
by the William S. Boyd Family Limited Partnership, of which the William S.
Boyd Family Corporation, which is wholly owned by William S. Boyd, is the
Managing General Partner; 24,329 shares held by the William S. Boyd Family
Corporation; 2,316,397 shares held by the W.M. Limited Partnership, of
which W.S.B., Inc., which is wholly owned by William S. Boyd, is the
Managing General Partner; 4,836 shares held by W.S.B., Inc.; 24,039 shares
held by the William S. Boyd Grantor Retained Annuity Trust #2, of which the
reporting person is the grantor and trustee; 27,044 shares held by the
William S. Boyd Grantor Retained Annuity Trust #3, of which the reporting
person is the grantor and trustee; 25,044 shares held directly by the
reporting person; and 905,001 shares subject to outstanding options which
were exercisable by the reporting person as of December 31, 1998. The
reporting person also has 429,999 shares under options which will vest in
various portions within the next ten years.
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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.
Date: February 11, 1999 /s/ William S. Boyd
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William S. Boyd
