SEC Form 4 · accession 0000750004-18-000087
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derik Mooberry
Officer — EVP & Grp Chief Exec, Gaming
Period of report
May 16, 2018
Accepted (ET)
May 18, 2018 · 4:36 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 16, 2018 | M | 26,732 | $12.83 | A | 69,899 | D | |
| Class A Common Stock | May 16, 2018 | M | 7,900 | $9.65 | A | 77,799 | D | |
| Class A Common StockF1 | May 16, 2018 | S | 34,632 | $60.07 | D | 43,167 | D | |
| Class A Common Stock | May 17, 2018 | M | 39,060 | $9.65 | A | 82,227 | D | |
| Class A Common Stock | May 17, 2018 | M | 10,482 | $21.60 | A | 92,709 | D | |
| Class A Common StockF2 | May 17, 2018 | S | 49,542 | $59.64 | D | 43,167 | 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 16, 2018 | M | 26,732 | D | — | Apr 26, 2025 | Common Stock | 26,732 | 8,911 | D |
| Employee Stock Option (right to buy)F4 | $9.65 | May 16, 2018 | M | 7,900 | D | — | Jun 20, 2026 | Common Stock | 7,900 | 39,060 | D |
| Employee Stock Option (right to buy)F4 | $9.65 | May 17, 2018 | M | 15,580 | D | — | Jun 20, 2026 | Common Stock | 15,580 | 23,480 | D |
| Employee Stock Option (right to buy)F5 | $9.65 | May 17, 2018 | M | 23,480 | D | — | Jun 20, 2026 | Common Stock | 23,480 | 23,480 | D |
| Employee Stock Option (right to buy)F6 | $21.60 | May 17, 2018 | M | 5,241 | D | — | Mar 8, 2027 | Common Stock | 5,241 | 15,725 | D |
| Employee Stock Option (right to buy)F7 | $21.60 | May 17, 2018 | M | 5,241 | D | — | Mar 8, 2027 | Common Stock | 5,241 | 15,725 | D |
Explanation of responses
- F1The transaction was executed in multiple trades at prices ranging from $59.70 to $60.40. 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.
- F2The transaction was executed in multiple trades at prices ranging from $59.30 to $60.06. 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 8,910 shares on April 27, 2016 and as to 8,911 shares on each of April 27, 2017 and April 27, 2018 and becomes exercisable as to 8,911 shares on April 27, 2019.
- F4Vesting 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 as to 11,740 shares on each of March 20, 2017 and March 20, 2018 and becomes exercisable as to 11,740 shares on each of March 20, 2019 and March 20, 2020.
- F5The option became exercisable as to 11,740 shares on each of March 20, 2017 and March 20, 2018 and becomes exercisable as to 11,740 shares on each of March 20, 2019 and March 20, 2020.
- F6Vesting of this option was contingent on the Company's Class A Common Stock attaining a trading day average closing price that was achieved on August 11, 2017. The option became exercisable as to 5,241 shares on March 20, 2018 and becomes exercisable on March 20, 2019 (5,242 shares); March 20, 2020 (5,241 shares) and March 20, 2021 (5,242 shares).
- F7The option became exercisable as to 5,241 shares on March 20, 2018 and becomes exercisable on March 20, 2019 (5,242 shares); March 20, 2020 (5,241 shares) and March 20, 2021 (5,242 shares).