John Ferrucci - 14 Mar 2022 Form 4 Insider Report for FULL HOUSE RESORTS INC (FLL)

Role: Chief Operating Officer
Signature: /s/ Elaine Guidroz, Attorney-in-Fact
Issuer symbol: FLL
Transactions as of: 14 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Mar 2022, 19:12:10 UTC
Next filing: 23 May 2022
SEC: View on sec.gov

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	FLL	Employee Stock Option (Right to Buy)	Award	$0	+50,000		$0.000000	50,000	14 Mar 2022	Common Stock	50,000	$8.72	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Not included in this report is the grant of 5,734 shares of restricted stock approved on March 14, 2022 by the compensation committee of the board of directors (the "Compensation Committee") of Full House Resorts, Inc. (the "Company") under the Company's 2015 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives. The restricted stock will vest in three equal annual amounts on March 14, 2023, 2024 and 2025, subject to the achievement of certain performance-based criteria, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting.
F2	The option vests in three equal annual installments beginning on March 14, 2023.

Content

Not included in this report is the grant of 5,734 shares of restricted stock approved on March 14, 2022 by the compensation committee of the board of directors (the "Compensation Committee") of Full House Resorts, Inc. (the "Company") under the Company's 2015 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives. The restricted stock will vest in three equal annual amounts on March 14, 2023, 2024 and 2025, subject to the achievement of certain performance-based criteria, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting.

The option vests in three equal annual installments beginning on March 14, 2023.