SEC Form 4 · accession 0001104659-15-082024
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D Schweinfurth
Officer — Executive VP & CFO
Period of report
Nov 25, 2015
Accepted (ET)
Nov 30, 2015 · 8:26 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 | Nov 25, 2015 | M | 6,250 | $0.00 | A | 49,720 | D | |
| Class A Common StockF1 | Nov 25, 2015 | F | 1,710 | $8.49 | D | 48,010 | 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 | — | Nov 25, 2015 | M | 6,250 | D | — | — | Common Stock | 6,250 | 12,500 | 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 November 25, 2013. Pursuant to the terms of a separation agreement between the Issuer and Mr. Schweinfurth dated November 12, 2015, the balance of the award, which was originally scheduled to vest in two equal installments on each of November 25, 2016 and 2017, will remain outstanding and is subject to accelerated vesting following Mr. Schweinfurth's separation date in accordance with the terms of the separation agreement.