SEC Form 4 · accession 0001104659-15-026832
INTERNATIONAL GAME TECHNOLOGY · IGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patti S Hart
Officer — Chief Executive Officer · Director
Period of report
Apr 7, 2015
Accepted (ET)
Apr 9, 2015 · 9:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000353944
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 7, 2015 | D | 1,087,900 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4,F3 | $9.12 | Apr 7, 2015 | D | 496,278 | D | — | Mar 20, 2019 | Common Stock | 496,278 | 0 | D |
| Stock Option (right to buy)F4,F5 | $14.01 | Apr 7, 2015 | D | 353,000 | D | — | Oct 4, 2020 | Common Stock | 353,000 | 0 | D |
| Restricted Stock UnitsF8,F6,F7 | — | Apr 7, 2015 | D | 52,615 | D | — | — | Common Stock | 52,615 | 0 | D |
| Restricted Stock UnitsF8,F6,F9 | — | Apr 7, 2015 | D | 17,412 | D | — | — | Common Stock | 17,412 | 0 | D |
| Restricted Stock UnitsF8,F6,F10 | — | Apr 7, 2015 | D | 68,981 | D | — | — | Common Stock | 68,981 | 0 | D |
| Restricted Stock UnitsF8,F6,F11 | — | Apr 7, 2015 | D | 59,625 | D | — | — | Common Stock | 59,625 | 0 | D |
| Restricted Stock UnitsF8,F6,F12 | — | Apr 7, 2015 | D | 146,879 | D | — | — | Common Stock | 146,879 | 0 | D |
| Restricted Stock UnitsF8,F6,F13 | — | Apr 7, 2015 | D | 293,658 | D | — | — | Common Stock | 293,658 | 0 | D |
Explanation of responses
- F1Includes 1,253 shares of common stock of International Game Technology ("IGT") acquired by the reporting person on February 27, 2015 under the IGT Employee Stock Purchase Plan.
- F10The RSUs were originally to vest in full on December 13, 2015 and December 13, 2016.
- F11The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years.
- F12The RSUs were originally to vest in full on December 13, 2015, December 13, 2016 and December 13, 2017.
- F13The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years.
- F2Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 15, 2014, by and among IGT, GTECH S.p.A., GTECH Corporation, International Game Technology PLC (formerly known as Georgia Worldwide Limited) ("Holdco") and Georgia Worldwide Corporation ("Sub"), pursuant to which, among other things, Sub merged with and into IGT, with IGT surviving as a wholly owned subsidiary of Holdco (the "Merger"), at the effective time of the Merger, each share of IGT common stock was converted into the right to receive $14.3396 in cash plus 0.1819 ordinary shares of Holdco, and each such share of IGT common stock was cancelled and ceased to exist.
- F3The options became exercisable in equal annual installments over a period of four years, at the rate of 25%, commencing on March 20, 2010.
- F4Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, the options to purchase shares of IGT common stock were cancelled and, in exchange therefor, the holder of each such cancelled option was entitled to receive a payment in cash of an amount equal to the product of (i) the total number of shares of IGT common stock subject to such cancelled option and (ii) the excess, if any, of $18.0209 (the "Cash Amount") over the exercise price per share of IGT common stock subject to such cancelled option, without interest.
- F5The options vested in four equal annual installments commencing on Octoer 4, 2011.
- F6Each restricted stock unit ("RSU") represents a contingent right to receive one share of IGT common stock.
- F7The RSUs were originally to vest in full on December 16, 2015.
- F8Immediately prior to the effective time of the Merger, the RSUs were fully vested and cancelled and, in exchange therefor, each holder of any such cancelled RSU was entitled to receive, in consideration of the cancellation of such RSU and in settlement therefor, the Cash Amount for each share of IGT common stock subject to such RSU.
- F9The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years, which three year period was extended in accordance with the terms of the award agreement.