SEC Form 4 · accession 0000750004-18-000164
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Sheehan
Director
Period of report
Jun 27, 2018
Accepted (ET)
Jun 29, 2018 · 4:33 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 27, 2018 | M | 52,083 | $0.00 | A | 82,603 | D | |
| Common StockF1 | Jun 27, 2018 | F | 20,495 | $49.83 | D | 62,108 | 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 | — | Jun 27, 2018 | M | 52,083 | D | — | — | Common Stock | 52,083 | 0 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Mr. Sheehan was granted 69,444 restricted stock units on March 9, 2017, subject to a 4-year vesting schedule. 17,361 shares vested on March 20, 2018. The balance of the award (52,083 shares) vested on June 27, 2018. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.