Daniel J. Taylor - May 5, 2021 Form 4 Insider Report for MGM Growth Properties LLC (MGP)

Role: Director
Signature: /s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol: MGP
Transactions as of: May 5, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/7/2021, 05:59 PM
Next filing: May 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGP	Class A Common Shares	Options Exercise	$0	+5.99K		$0.00	5.99K	May 5, 2021	By grantor trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MGP	Restricted Share Units	Options Exercise	$0	-5.99K	-100%	$0.00^*	0	May 5, 2021	Class A Common Shares	5.99K		By grantor trust	F1, F2
transaction	MGP	Restricted Share Units	Award	$0	+3.87K		$0.00	3.87K	May 5, 2021	Class A Common Shares	3.87K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Share Units ("RSUs") granted under the MGM Growth Properties LLC 2016 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Class A common shares representing limited liability company interests of the Issuer.
F2	The RSUs vested on May 5, 2021 subject to the terms of the Plan and applicable award agreement.
F3	The RSUs will vest upon the earlier of (i) May 5, 2022 or (ii) the date of the Issuer's next annual meeting of shareholders, in each case subject to the terms of the Plan and applicable award agreement. Any fractional shares will be paid in cash upon settlement.