SEC Form 4 · accession 0000750004-17-000197
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Quartieri
Officer — EVP, CFO, Treas & Corp Sec
Period of report
Nov 11, 2017
Accepted (ET)
Nov 14, 2017 · 4:40 pm EST
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 | Nov 11, 2017 | M | 6,081 | $0.00 | A | 18,638 | D | |
| Class A Common StockF1 | Nov 11, 2017 | F | 2,479 | $47.05 | D | 16,159 | 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 | — | Nov 11, 2017 | M | 6,081 | D | — | — | Common Stock | 6,081 | 12,162 | 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 November 11, 2015. The balance of the award is scheduled to vest in two equal installments of 6,081 shares on each of November 11, 2018 and 2019. Each unit converts into a share of common stock on a one-for-one basis.