SEC Form 4 · accession 0001104659-16-088153
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, 2016
Accepted (ET)
Jan 5, 2016 · 5:55 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, 2016 | M | 7,500 | $0.00 | A | 114,335 | D | |
| Class A Common StockF1 | Jan 1, 2016 | F | 2,899 | $8.93 | D | 111,436 | 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, 2016 | M | 7,500 | D | — | — | Common Stock | 7,500 | 7,500 | 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 January 1, 2013. The balance of the award is scheduled to vest on January 1, 2017. Each unit converts into a share of common stock on a one-for-one basis.