SEC Form 4 · accession 0000750004-17-000086
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
May 2, 2017
Accepted (ET)
May 4, 2017 · 4:36 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 | May 2, 2017 | M | 52,493 | $0.00 | A | 110,542 | D | |
| Class A Common Stock | May 2, 2017 | M | 51,229 | $0.00 | A | 161,771 | D | |
| Class A Common Stock | May 2, 2017 | M | 51,229 | $0.00 | A | 213,000 | D | |
| Class A Common StockF1 | May 2, 2017 | S | 154,951 | $22.81 | D | 58,049 | 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)F2 | $12.83 | May 2, 2017 | M | 52,493 | D | — | Apr 26, 2025 | Common Stock | 52,493 | 104,986 | D |
| Employee Stock Option (right to buy)F3 | $9.65 | May 2, 2017 | M | 51,229 | D | — | Jun 20, 2026 | Common Stock | 51,229 | 153,689 | D |
| Employee Stock Option (right to buy)F4 | $9.65 | May 2, 2017 | M | 51,229 | D | — | Jun 20, 2026 | Common Stock | 51,229 | 153,689 | D |
Explanation of responses
- F1The transaction was executed in multiple trades at prices ranging from $22.50 to $23.25. 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 option became exercisable as to 52,493 shares on each of April 27, 2016 and 2017 and becomes exercisable as to 52,493 shares on each of April 27, 2018 and 2019.
- F3The option became exercisable as to 51,229 shares on March 20, 2017 and becomes exercisable as to 51,230 shares on March 20, 2018; as to 51,229 shares on March 20, 2019 and as to 51,230 shares on March 20, 2020.
- F4Vesting of these options was contingent on the Company's Class A Common Stock attaining a rolling 60-trading day average closing price of $15.00 per share on or before March 20, 2020. The $15.00 average closing price was achieved on February 2, 2017. The option became exercisable as to 51,229 shares on March 20, 2017 and becomes exercisable as to 51,230 shares on March 20, 2018; as to 51,229 shares on March 20, 2019 and as to 51,230 shares on March 20, 2020.