SEC Form 4 · accession 0000750004-17-000183
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Kennedy
Officer — EVP & Grp Chief Exec Lottery
Period of report
Jul 31, 2017
Accepted (ET)
Aug 2, 2017 · 4:59 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 | Jul 31, 2017 | M | 30,950 | $9.65 | A | 186,363 | D | |
| Class A Common StockF1 | Jul 31, 2017 | S | 30,950 | $37.24 | D | 155,413 | D | |
| Class A Common Stock | Jul 31, 2017 | M | 21,872 | $12.83 | A | 177,285 | D | |
| Class A Common StockF2 | Jul 31, 2017 | S | 21,872 | $37.26 | D | 155,413 | D | |
| Class A Common Stock | Jul 31, 2017 | M | 16,129 | $16.03 | A | 171,542 | D | |
| Class A Common StockF3 | Jul 31, 2017 | S | 16,129 | $37.02 | D | 155,413 | D | |
| Class A Common Stock | Jul 31, 2017 | M | 33,730 | $8.90 | A | 189,143 | D | |
| Class A Common StockF4 | Jul 31, 2017 | S | 33,730 | $37.05 | D | 155,413 | D | |
| Class A Common StockF5 | Jul 31, 2017 | S | 20,000 | $37.09 | D | 135,413 | 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)F6 | $9.65 | Jul 31, 2017 | M | 15,475 | D | — | Jun 20, 2026 | Common Stock | 15,475 | 46,427 | D |
| Employee Stock Option (right to buy)F7 | $9.65 | Jul 31, 2017 | M | 15,475 | D | — | Jun 20, 2026 | Common Stock | 15,475 | 46,427 | D |
| Employee Stock Option (right to buy)F8 | $12.83 | Jul 31, 2017 | M | 21,872 | D | — | Apr 26, 2025 | Common Stock | 21,872 | 21,872 | D |
| Employee Stock Option (right to buy)F9 | $16.03 | Jul 31, 2017 | M | 16,129 | D | — | Mar 20, 2024 | Common Stock | 16,129 | 5,377 | D |
| Employee Stock Option (right to buy)F10 | $8.90 | Jul 31, 2017 | M | 33,730 | D | — | Mar 21, 2021 | Common Stock | 33,730 | 0 | D |
Explanation of responses
- F1The transaction was executed in multiple trades at prices ranging from $37.00 to $37.28. 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.
- F10The option became exercisable on March 22, 2012 (8,432 shares), 2013 (8,433 shares), 2014 (8,432 shares) and 2015 (8,433 shares).
- F2The transaction was executed in multiple trades at prices ranging from $37.08 to $37.28. 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 $37.00 to $37.08. 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 $37.00 to $37.23. 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 transaction was executed in multiple trades at prices ranging from $37.05 to $37.15. 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.
- F6The option became exercisable as to 15,475 shares on March 20, 2017 and becomes exercisable on March 20, 2018 (15,476 shares), 2019 (15,475 shares) and 2020 (15,476 shares).
- F7Vesting 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 15,475 shares on March 20, 2017 and becomes exercisable on March 20, 2018 (15,476 shares), 2019 (15,475 shares) and 2020 (15,476 shares).
- F8The option became exercisable as to 10,936 shares on each of April 27, 2016 and 2017 and becomes exercisable as to 10,936 shares on each of April 27, 2018 and 2019.
- F9The option became exercisable on March 20, 2015 (5,376 shares), 2016 (5,377 shares) and 2017 (5,376 shares) and becomes exercisable as to 5,377 shares on March 20, 2018.