SEC Form 4 · accession 0000750004-18-000022
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
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 6:07 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 | 88,912 | $0.00 | A | 131,691 | D | |
| Class A Common StockF1 | Mar 15, 2018 | F | 32,263 | $45.99 | D | 99,428 | 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 | 88,912 | D | — | — | Common Stock | 88,912 | 0 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Represents cliff vesting of the 105,222 restricted stock units granted on 4/27/2015 subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 84.5% of the RSUs vested and converted into a share of common stock on a one-for-one basis.