FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287|
|EXPIRES: |
| JANUARY 31, 2005 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(h) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person*
Schorr Marc D.
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(Last) (First) (Middle)
c/o Wynn Resorts, Limited
3145 Las Vegas Boulevard South
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(Street)
Las Vegas Nevada 89109
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Wynn Resorts, Limited (WYNN)
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Day/Year
March 25, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director
[ ] 10% Owner
[X] Officer (give title below)
[ ] Other (specify title below)
Chief Operating Officer
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7. Individual, or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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1. Title of Security (Instr. 3)
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2. Transaction Date (Month/Day/Year)
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2A. Deemed Execution Date, if any (Month/Day/Year)
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3. Transaction Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) Price:
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 3)
Stock Option (right to buy)
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2. Conversion or Exercise Price of Derivative Security
$15.40
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3. Transaction Date (Month/Day/Year)
March 25, 2003
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3A. Deemed Execution Date, if any (Month/Day/Year)
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4. Transaction Code (Instr. 8)
(A)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3,
4, and 5)
(A) 200,000
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6. Date Exercisable and Expiration Date (Month/Day/Year)
(1); Expiration 03/25/13
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Common Stock, par value $0.01; 200,000
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8. Price of Derivative Securities (Instr. 5)
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9. Number of Derivative Securities Beneficially Owned Following Reported
Transaction(s)
(Instr. 4)
200,000
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10. Ownership Form of Derivative Securities Beneficially Owned at End Of Month
(Instr. 4)
(D)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
(1) Options vest in four equal installments on March 25, 2005; March 25, 2006;
March 25, 2007; and March 25, 2008.
/s/ Marc H. Rubinstein March 27, 2003
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** SIGNATURE OF REPORTING PERSON DATE
/s/ Marc H. Rubinstein on behalf of Marc D. Schorr
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one reporting person, see, Instruction
4(b)(v).
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY
SIGNED. IF SPACE IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.