SEC Form 4 · accession 0000750004-17-000060
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Haddrill
Director
Period of report
Apr 21, 2017
Accepted (ET)
Apr 25, 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 | Apr 21, 2017 | M | 56,561 | $0.00 | A | 184,234 | D | |
| Class A Common StockF1 | Apr 21, 2017 | F | 22,601 | $21.75 | D | 161,633 | 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 | — | Apr 21, 2017 | M | 56,561 | D | — | — | Common Stock | 56,561 | 226,244 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units ("RSUs").
- F2Mr. Haddrill's distribution includes the vesting of 11,312 RSUs based upon the achievement of certain strategic business objectives in 2016 and 45,249 RSUs based upon the achievement of a 2016 revenue objective. 56,561 of the RSUs that remain outstanding are scheduled to vest in 2018, subject to satisfaction of certain performance criteria, 45,249 of which may vest at up to 200%, and 169,683 of the RSUs that remain outstanding are scheduled to vest in 2018, one half of which may vest at up to 200% and the other half at up to 115%, both subject to satisfaction of certain other performance criteria.