SEC Form 4 · accession 0000750004-18-000138
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald O Perelman
Director · 10% Owner
Period of report
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 4:48 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 15, 2018 | M | 4,338 | $0.00 | A | 86,478 | D | |
| Common StockF1 | holding | — | — | — | 34,575,736 | I | See footnote |
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 | — | Jun 13, 2018 | A | 2,787 | A | — | — | Common Stock | 2,787 | 2,787 | D |
| Restricted Stock UnitsF3 | — | Jun 15, 2018 | M | 4,338 | D | — | — | Common Stock | 4,338 | 8,677 | D |
Explanation of responses
- F1Mr. Perelman is the sole stockholder of MacAndrews & Forbes Incorporated, which is the sole stockholder of each of SGMS Acquisition Corporation, SGMS Acquisition Two LLC, SGMS Acquisition Three LLC, MFV Holdings One LLC and RLX Holdings Two LLC, which hold the securities described above.
- F2The restricted stock units are scheduled to vest beginning on June 13, 2019 as to 696 shares and the balance in three equal installments as to 697 shares on each of 2020, 2021 and 2022. Each unit converts into a share of common stock on a one-for-one basis.
- F3Represents vesting of one-fourth of restricted stock units granted on June 15, 2016. The balance of the award is scheduled to vest on June 15, 2019 (4,338 shares) and 2020 (4,339 shares). Each unit converts into a share of common stock on a one-for-one basis.