SEC Form 4 · accession 0000750004-17-000033

Light & Wonder, Inc. · ASX:LNW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Grp Chief Exec Lottery

Period of report

Mar 9, 2017

Accepted (ET)

Mar 13, 2017 · 4:47 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000750004

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1	—	Mar 9, 2017	A	13,985	A	—	—	Common Stock	13,985	13,985	D
Employee Stock Option (right to buy)^F2	$21.60	Mar 9, 2017	A	27,637	A	—	Mar 8, 2027	Common Stock	27,637	27,637	D
Employee Stock Option (right to buy)^F3	$21.60	Mar 9, 2017	A	27,637	A	—	Mar 8, 2027	Common Stock	27,637	27,637	D

F1The restricted stock units are scheduled to vest in four equal annual installments beginning on March 20, 2018. Each unit converts into a share of common stock on a one-for-one basis.
F2The stock options are scheduled to become exercisable in four equal annual installments beginning on March 20, 2018.
F3The stock options are scheduled to become exercisable in four equal annual installments beginning on March 20, 2018 (each, a "Vesting Date"), subject to the Company's 60-trading day average closing price meeting or exceeding $28.08 (the "Performance Goal") prior to March 20, 2021. If the Performance Goal is met prior to the first Vesting Date, then all four annual installments will vest in accordance with the vesting schedule. If the Performance Goal is met subsequent to the first Vesting Date, each annual installment relating to a Vesting Date that has already occurred will automatically vest upon achievement of the Performance Goal and any remaining installments will vest in accordance with the vesting schedule. If the Performance Goal is not met by March 20, 2021, all stock options are forfeited.