SEC Form 4 · accession 0001104659-15-000427
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Kennedy
Officer — EVP & Grp Chief Exec Lottery
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 8:58 pm EST
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 | Jan 1, 2015 | M | 7,500 | $0.00 | A | 91,983 | D | |
| Class A Common StockF1 | Jan 1, 2015 | F | 2,899 | $13.04 | D | 89,084 | 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 | — | Jan 1, 2015 | M | 7,500 | D | — | — | Common Stock | 7,500 | 15,000 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Represents vesting of one-fourth of restricted stock units granted on January 1, 2013. The balance of the award is scheduled to vest in two equal installments on each of January 1, 2016 and 2017. Each unit converts into a share of common stock on a one-for-one basis.