Caesars Entertainment Corporation
CAESARS ENTERTAINMENT Corp (Form: 4, Received: 03/17/2017 21:25:42)
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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sigala Ruben
2. Issuer Name and Ticker or Trading Symbol

CAESARS ENTERTAINMENT Corp [ CZR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP & Chief Marketing Officer
(Last)          (First)          (Middle)

ONE CAESARS PALACE DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/15/2017
(Street)

LAS VEGAS, NV 89109
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy)   $13.7   3/15/2017     D         12155      (1) 6/28/2023   Common Stock   12155.0     (2) 0   D    
Employee stock option (right to buy)   $9.45   3/15/2017     A      12155         (1) 6/28/2023   Common Stock   12155.0     (2) 12155   D    
Employee stock option (right to buy)   $21.18   3/15/2017     D         12230      (3) 5/7/2024   Common Stock   12230.0     (2) 0   D    
Employee stock option (right to buy)   $9.45   3/15/2017     A      12230         (3) 5/7/2024   Common Stock   12230.0     (2) 12230   D    

Explanation of Responses:
( 1)  Options to purchase shares granted 6/28/2013; 100% vested.
( 2)  Reflects re-pricing of options; vesting schedules and expiration dates remain the same.
( 3)  Options to purchase shares originally awarded 5/07/2014 vest in four equal installments on each of 5/7/2015, 5/7/2016, 5/7/2017, and 5/7/2018.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sigala Ruben
ONE CAESARS PALACE DRIVE
LAS VEGAS, NV 89109


EVP & Chief Marketing Officer

Signatures
/s/ Jill Eaton, by Power of Attorney, on behalf of Ruben Sigala 3/17/2017
** Signature of Reporting Person Date


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).
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