SEC Form 4 · accession 0000750004-17-000020
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Gavin Isaacs
Director
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000750004
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 7, 2017 | S | 14,754 | $21.45 | D | 57,741 | D | |
| Class A Common Stock | Mar 7, 2017 | M | 52,493 | $12.83 | A | 110,234 | D | |
| Class A Common StockF2 | Mar 7, 2017 | S | 52,493 | $21.42 | D | 57,741 | D | |
| Class A Common Stock | Mar 7, 2017 | M | 80,590 | $8.73 | A | 138,331 | D | |
| Class A Common StockF3 | Mar 7, 2017 | S | 80,590 | $21.43 | D | 57,741 | D | |
| Class A Common StockF4 | Mar 7, 2017 | S | 30,000 | $21.57 | D | 27,741 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $12.83 | Mar 7, 2017 | M | 52,493 | D | — | Apr 26, 2025 | Common Stock | 52,493 | 157,479 | D |
| Employee Stock Option (right to buy)F6 | $8.73 | Mar 7, 2017 | M | 80,590 | D | — | Jun 8, 2024 | Common Stock | 80,590 | 80,591 | D |
Explanation of responses
- F1The transaction was executed in multiple trades at prices ranging from $21.40 to $21.60. The price reported above reflects the weighted average sale price. Details regarding aggregated sales transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
- F2The transaction was executed in multiple trades at prices ranging from $21.35 to $21.60. The price reported above reflects the weighted average sale price. Details regarding aggregated sales transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
- F3The transaction was executed in multiple trades at prices ranging from $21.38 to $21.52. The price reported above reflects the weighted average sale price. Details regarding aggregated sales transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
- F4The transaction was executed in multiple trades at prices ranging from $21.45 to $21.65. The price reported above reflects the weighted average sale price. Details regarding aggregated sales transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
- F5The option became exercisable as to 52,493 shares on April 27, 2016 and becomes exercisable as to 52,493 shares on each of April 27, 2017, 2018 and 2019.
- F6The option became exercisable as to 40,295 shares on each of June 9, 2015 and 2016 and becomes exercisable as to 40,295 shares on June 9, 2017 and 40,296 shares on June 9, 2018.