Edgar Filing: BOYD WILLIAM S

Ownership Submission

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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

BOYD WILLIAM S

2. Issuer Name and Ticker or Trading Symbol
BOYD GAMING CORP [BYD]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive Chairman & Director

(Last)

(First)

(Middle)

3883 HOWARD HUGHES PARKWAY, NINTH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2010

(Street)

LAS VEGAS, NV 89169

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/15/2010		J		93,899	A	$ 0 ⁽¹⁾	17,554,575	I	By Trust ** ⁽²⁾
Common Stock	11/15/2010		J		128,163	A	$ 0 ⁽³⁾	17,682,738	I	By Trust ** ⁽²⁾
Common Stock	11/15/2010		J		199,209	A	$ 0 ⁽⁴⁾	17,881,947	I	By Trust ** ⁽²⁾
Common Stock	11/15/2010		J		162,099	A	$ 0 ⁽⁵⁾	18,044,046	I	By Trust ** ⁽²⁾
Common Stock	11/15/2010		J		94,910	A	$ 0 ⁽⁶⁾	18,138,956	I	By Trust ** ⁽²⁾
Common Stock	11/15/2010		J		51,861	A	$ 0 ⁽⁷⁾	18,190,817	I	By Trust ** ⁽²⁾
Common Stock	11/15/2010		J		1,528	A	$ 0 ⁽⁸⁾	65,609	I	By Corporation ** ⁽⁹⁾
Common Stock	11/15/2010		J		3,784	A	$ 0 ⁽¹⁰⁾	69,393	I	By Corporation ** ⁽⁹⁾
Common Stock	11/15/2010		J		6,022	A	$ 0 ⁽¹¹⁾	75,415	I	By Corporation ** ⁽⁹⁾
Common Stock	11/15/2010		G	V	1,977	A	$ 0 ⁽¹²⁾	77,392	I	By Corporation ** ⁽⁹⁾
Common Stock								28,000	I	By Corporation ⁽¹³⁾
Common Stock								837,252	I	By Limited Partnership ** ⁽¹⁴⁾
Common Stock								153,117	I	By Spouse **
Common Stock								73,620	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BOYD WILLIAM S 3883 HOWARD HUGHES PARKWAY NINTH FLOOR LAS VEGAS, NV 89169	X	X	Executive Chairman & Director

Signatures

Brian A. Larson, Attorney-in-Fact for William S. Boyd		11/16/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Distribution to reporting person of 93,899 shares of Common Stock from the BG-99 Grantor Retained Annuity Trust 3 ("BG-99 GRAT 3") of which reporting person is settlor and Marianne Boyd Johnson is the trustee. On the same date, reporting person transferred the 93,899 shares of Common Stock to the William S. Boyd Gaming Properties Trust ("WSBGPT"), of which the reporting person is the trustee, settlor and beneficiary.*
(2)	By WSBGPT.
(3)	Distribution to reporting person of 128,163 shares of Common Stock from the BG-01 Grantor Retained Annuity Trust 3 ("BG-01 GRAT 3"), of which reporting person is settlor and Marianne Boyd Johnson is the trustee. On the same date, reporting person transferred the 128,163 shares of Common Stock to the WSBGPT.*
(4)	Distribution to reporting person of 199,209 shares of Common Stock from the BG-02 Grantor Retained Annuity Trust 2 ("BG-02 GRAT 2"), of which reporting person is settlor and Marianne Boyd Johnson is the trustee. On the same date, reporting person transferred the 199,209 shares of Common Stock to the WSBGPT.*
(5)	Distribution to reporting person of 162,099 shares of Common Stock from the BG-02 Grantor Retained Annuity Trust 3 ("BG-01 GRAT 3"), of which reporting person is settlor and Marianne Boyd Johnson is the trustee. On the same date, reporting person transferred the 162099 shares of Common Stock to the WSBGPT.*
(6)	Distribution to reporting person of 94,910 shares of Common Stock from the BG-09 Grantor Retained Annuity Trust 1 ("BG-09 GRAT 1"), of which reporting person is settlor and Marianne Boyd Johnson is the trustee. On the same date, reporting person transferred the 94,910 shares of Common Stock to the WSBGPT.*
(7)	Distribution to reporting person of 51,861 shares of Common Stock from the BG-09 Grantor Retained Annuity Trust 2 ("BG-09 GRAT 2"), of which reporting person is settlor and Marianne Boyd Johnson is the trustee. On the same date, reporting person transferred the 51,861 shares of Common Stock to the WSBGPT.*
(8)	Distribution of 1,528 shares of Common Stock from the BG-99 LP of which MBGPT is the general partner, to W.S.B., Inc., a wholly owned corporation of reporting person.
(9)	By W.S.B., Inc., the reporting person's wholly owned corporation.
(10)	Distribution of 3,784 shares of Common Stock from the BG-01 LP of which MBGPT is the general partner, to W.S.B., Inc.
(11)	Distribution of 6,022 shares of Common Stock from the BG-02 LP of which MBGPT is the general partner, to W.S.B., Inc.
(12)	Gift of 1,977 shares of Common Stock from the BG-09 LP of which WSBGPT and MBGPT are the general partners, to W.S.B., Inc., a wholly owned corporation of reporting person. The effect of the foregoing transaction was to change the reporting person's beneficial ownership from one form of indirect ownership to another.
(13)	By William S. Boyd Family Corporation, the reporting person's wholly owned corporation.
(14)	By BG-09 Limited Partnership, of which each of WSBGPT and MBGPT are the general partners thereof. The balance reflects the transfers reported herein as well as the gifts of 195,771 shares of the issuer's common stock, reported by Marianne Boyd Johnson on the date hereof, on behalf of MBGPT, the other general partner of BG-09 Limited Partnership.
Remarks: * Each transfer by the Grantor Retained Annuity Trust is made pursuant to the provisions of the applicable trust agreement and the applicable provisions of the Internal Revenue Code of 1986, as amended. ** The Reporting Person expressly disclaims beneficial ownership of any securities of the Issuer except for those securities that are owned directly by the Reporting Person or to the extent of the Reporting Person's pecuniary interest, including to the extent of the Reporting Person's pecuniary interest in a trust or other entity which owns such securities.

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