SEC Form 4 · accession 0000750004-18-000020
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
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 6:05 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 15, 2018 | M | 226,244 | $0.00 | A | 396,058 | D | |
| Class A Common StockF1 | Mar 15, 2018 | F | 89,026 | $45.99 | D | 307,032 | 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 15, 2018 | M | 226,244 | D | — | — | Common Stock | 226,244 | 0 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Mr. Haddrill's distribution consists of the vesting of the following RSUs which were granted on 1/5/2015: 11,312 RSUs based upon the achievement of certain strategic business objectives in 2017, 45,249 RSUs based upon the achievement of a 2017 revenue objective and 169,683 RSUs based on satisfaction of certain performance criteria. The award has fully vested. Each vested unit converted into a share of common stock on a one-to-one basis.