SEC Form 4 · accession 0000750004-18-000034
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 20, 2018
Accepted (ET)
Mar 22, 2018 · 9:25 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 20, 2018 | M | 25,907 | $0.00 | A | 68,686 | D | |
| Class A Common StockF1 | Mar 20, 2018 | F | 10,195 | $46.10 | D | 58,491 | D | |
| Class A Common Stock | Mar 20, 2018 | M | 42,200 | $9.65 | A | 100,691 | D | |
| Class A Common StockF2 | Mar 20, 2018 | S | 42,200 | $45.26 | D | 58,491 | D | |
| Class A Common Stock | Mar 21, 2018 | M | 8,400 | $9.65 | A | 66,891 | D | |
| Class A Common StockF3 | Mar 21, 2018 | S | 8,400 | $45.23 | D | 58,491 | 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 UnitsF4 | — | Mar 20, 2018 | M | 25,907 | D | — | — | Common Stock | 25,907 | 51,813 | D |
| Employee Stock Option (right to buy)F5 | $9.65 | Mar 20, 2018 | M | 22,100 | D | — | Jun 20, 2026 | Common Stock | 22,100 | 131,589 | D |
| Employee Stock Option (right to buy)F6 | $9.65 | Mar 20, 2018 | M | 20,100 | D | — | Jun 20, 2026 | Common Stock | 20,100 | 133,589 | D |
| Employee Stock Option (right to buy)F5 | $9.65 | Mar 21, 2018 | M | 3,250 | D | — | Jun 20, 2026 | Common Stock | 3,250 | 128,339 | D |
| Employee Stock Option (right to buy)F6 | $9.65 | Mar 21, 2018 | M | 5,150 | D | — | Jun 20, 2026 | Common Stock | 5,150 | 128,439 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2The transaction was executed in multiple trades at prices ranging from $45.20 to $45.55. 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 $45.20 to $45.40. 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.
- F4Represents vesting of one-fourth of restricted stock units granted on June 21, 2016. The balance of the award is scheduled to vest on June 30, 2018. Each unit converts into a share of common stock on a one-for-one basis.
- F5The option became exercisable on March 20, 2017 (51,229 shares) and March 20, 2018 (51,230 shares) and is scheduled to become exercisable as to the remainder on June 30, 2018.
- F6Vesting of these options was contingent on the Company's Class A Common Stock attaining a trading day average closing price that was achieved on February 2, 2017. The option became exercisable as to 51,229 shares on March 20, 2017 and as to 51,230 shares on March 20, 2018. The balance of the award is scheduled to vest on June 30, 2018. Each unit converts into a share of common stock on a one-for-one basis.