SEC Form 4 · accession 0001104659-15-022208
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Beason
Officer — Enterprise CTO
Period of report
Mar 22, 2015
Accepted (ET)
Mar 24, 2015 · 8:04 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 22, 2015 | M | 3,956 | $0.00 | A | 91,063 | D | |
| Class A Common StockF1 | Mar 22, 2015 | F | 1,138 | $11.23 | D | 89,925 | 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 22, 2015 | M | 3,956 | D | — | — | Common Stock | 3,956 | 0 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Represents distribution of shares underlying one-fourth of restricted stock units granted on March 22, 2011, which units vested on May 12, 2014 in accordance with the applicable equity compensation plan upon MacAndrews & Forbes Incorporated becoming the beneficial owner of at least 40% of the issuer's voting securities last year. Such shares were not immediately delivered upon such vesting for reasons related to Section 409A of the Internal Revenue Code of 1986. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.