SEC Form 4 · accession 0000750004-18-000081
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
May 4, 2018
Accepted (ET)
May 8, 2018 · 6:22 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 | May 4, 2018 | M | 52,493 | $12.83 | A | 126,937 | D | |
| Class A Common Stock | May 4, 2018 | M | 51,860 | $9.65 | A | 178,797 | D | |
| Class A Common StockF1 | May 4, 2018 | S | 131,205 | $50.95 | D | 47,592 | D | |
| Class A Common StockF2 | May 4, 2018 | S | 9,409 | $51.85 | D | 38,183 | 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)F3 | $12.83 | May 4, 2018 | M | 52,493 | D | — | Apr 26, 2025 | Common Stock | 52,493 | 52,493 | D |
| Employee Stock Option (right to buy)F4 | $9.65 | May 4, 2018 | M | 25,880 | D | — | Jun 20, 2026 | Common Stock | 25,880 | 102,459 | D |
| Employee Stock Option (right to buy)F5 | $9.65 | May 4, 2018 | M | 25,980 | D | — | Jun 20, 2026 | Common Stock | 25,980 | 102,459 | D |
Explanation of responses
- F1The transaction was executed in multiple trades at prices ranging from $50.60 to $51.58. 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.
- F2The transaction was executed in multiple trades at prices ranging from $51.60 to $52.15. 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.
- F3The option became exercisable as to 52,493 shares on each of April 27, 2016, 2017 and 2018 and is scheduled to become exercisable as to the remainder on June 30, 2018.
- F4The 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.
- F5Vesting of this option 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 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.