SEC Form 4 · accession 0001104659-15-020515
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
Mar 14, 2015
Accepted (ET)
Mar 17, 2015 · 7:05 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 | Mar 14, 2015 | M | 2,234 | $0.00 | A | 95,578 | D | |
| Class A Common StockF1 | Mar 14, 2015 | F | 746 | $12.03 | D | 94,832 | 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 | — | Mar 14, 2015 | M | 2,234 | D | — | — | Common Stock | 2,234 | 4,468 | 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 March 14, 2014. The balance of the award is scheduled to vest in two equal installments on each of September 14, 2015 and March 14, 2016. Each unit converts into a share of common stock on a one-for-one basis.