SEC Form 4 · accession 0001104659-15-056625
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W Smail
Officer — Exec VP & Chief Legal Officer
Period of report
Aug 3, 2015
Accepted (ET)
Aug 5, 2015 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000750004
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $15.21 | Aug 3, 2015 | A | 33,068 | A | — | Aug 2, 2025 | Common Stock | 33,068 | 33,068 | D |
| Restricted Stock UnitsF2 | — | Aug 3, 2015 | A | 16,441 | A | — | — | Common Stock | 16,441 | 16,441 | D |
| Restricted Stock UnitsF3 | — | Aug 3, 2015 | A | 16,441 | A | — | — | Common Stock | 16,441 | 16,441 | D |
Explanation of responses
- F1The option is scheduled to become exercisable in four equal annual installments beginning on August 3, 2016.
- F2The restricted stock units are scheduled to vest in four equal annual installments beginning on August 3, 2016. Each unit converts into a share of common stock on a one-for-one basis.
- F3The restricted stock units are scheduled to cliff vest at the end of 2017, contingent upon the achievement of performance criteria over such period. Each unit converts into a share of common stock on a one-for-one basis.