SEC Form 4 · accession 0000750004-17-000047
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 20, 2017
Accepted (ET)
Mar 22, 2017 · 4:33 pm EDT
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 Stock | Mar 20, 2017 | M | 25,906 | $0.00 | A | 53,647 | D | |
| Class A Common StockF1 | Mar 20, 2017 | F | 10,868 | $21.56 | D | 42,779 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Mar 20, 2017 | M | 25,906 | D | — | — | Common Stock | 25,906 | 77,720 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Represents vesting of one-fourth of restricted stock units granted on June 21, 2016. The balance of the award is scheduled to vest on March 20, 2018 (25,907 shares), 2019 (25,906 shares) and 2020 (25,907 shares). Each unit converts into a share of common stock on a one-for-one basis.