XNYS:SIX Six Flags Entertainment Corp Insider Activity 4 Filing - 10/2/2012

Effective Date 10/2/2012

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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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Russ Leonard A
  2. Issuer Name and Ticker or Trading Symbol
Six Flags Entertainment Corp [SIX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, Chief Accounting Officer
(Last)
(First)
(Middle)
C/O SIX FLAGS ENTERTAINMENT CORPORATION, 924 AVENUE J EAST
3. Date of Earliest Transaction (Month/Day/Year)
10/02/2012
(Street)

GRAND PRAIRIE, TX 75050
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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.025 per share 10/02/2012   M   2,294(1) A $17.5 46,321(2) D  
Common Stock, par value $0.025 per share 10/02/2012   M   6,019(1) A $20.005 52,340(2) D  
Common Stock, par value $0.025 per share 10/02/2012   S   5,905(1) D $60.0102(3) 46,435(2) D  
Common Stock, par value $0.025 per share 10/03/2012   M   1,956(1) A $17.5 48,391(2) D  
Common Stock, par value $0.025 per share 10/03/2012   M   14,731(1) A $20.005 63,122(2) D  
Common Stock, par value $0.025 per share 10/03/2012   M   3,500(1) A $33.62 66,622(2) D  
Common Stock, par value $0.025 per share 10/03/2012   S   10,649(1) D $60.0395(4) 55,973(2) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) $17.5 10/02/2012   M     2,294   (5) 08/06/2020 Common Stock, par value $0.025 per share 2,294 $17.5 10,456 D  
Employee Stock Options (Right to Buy) $20.005 10/02/2012   M     6,019   (6) 09/07/2020 Common Stock, par value $0.025 per share 6,019 $20.005 36,231 D  
Employee Stock Option (Right to Buy) $17.5 10/03/2012   M     1,956   (5) 08/06/2020 Common Stock, par value $0.025 per share 1,956 $17.5 8,500 D  
Employee Stock Option (Right to Buy) $20.005 10/03/2012   M     14,731   (6) 09/07/2020 Common Stock, par value $0.025 per share 14,731 $20.005 21,500 D  
Employee Stock Option (Right to Buy) $33.62 10/03/2012   M     3,500   (7) 08/24/2021 Common Stock, par value $0.025 per share 3,500 $33.62 10,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Russ Leonard A
C/O SIX FLAGS ENTERTAINMENT CORPORATION
924 AVENUE J EAST
GRAND PRAIRIE, TX 75050
      VP, Chief Accounting Officer  

Signatures

 Leonard A. Russ   10/04/2012
** 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) The transactions reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by Leonard A. Russ.
(2) Includes certain restricted stock units subject to vesting.
(3) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $60.00 to $60.17, inclusive. The reporting person undertakes to provide Issuer, any security holder of Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
(4) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $60.00 to $60.23, inclusive. The reporting person undertakes to provide Issuer, any security holder of Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
(5) Mr. Russ was granted an option to purchase 17,000 shares (as adjusted for June 27, 2011 stock split) on August 6, 2010, which vests 25% on each of the first four anniversaries of the grant date if the reporting person has been continuously employed with the Issuer through such date, subject to accelerated vesting in certain events, including certain terminations or upon a change in control, or as provided for by the Compensation Committee of the Issuer's Board of Directors.
(6) Mr. Russ was granted an option to purchase 43,000 shares (as adjusted for June 27, 2011 stock split) on September 7, 2010, which vests 25% on each of the first four anniversaries of the grant date if the reporting person has been continuously employed with the Issuer through such date, subject to accelerated vesting in certain events, including certain terminations or upon a change in control, or as provided for by the Compensation Committee of the Issuer's Board of Directors.
(7) Mr. Russ was granted an option to purchase 14,000 shares on August 24, 2011, which vests 25% on each of the first four anniversaries of the grant date if the reporting person has been continuously employed with the Issuer through such date, subject to accelerated vesting in certain events, including certain terminations or upon a change in control, or as provided for by the Compensation Committee of the Issuer's Board of Directors.

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XNYS:SIX Six Flags Entertainment Corp Insider Activity 4 Filling

Six Flags Entertainment Corp XNYS:SIX Stock - Get Insider Activity SEC Filing of Six Flags Entertainment Corp XNYS:SIX stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:SIX Six Flags Entertainment Corp Insider Activity 4 Filing - 10/2/2012
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