SEC Form 4 · accession 0001104659-16-106668
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Haddrill
Director
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 5:30 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 17, 2016 | M | 101,810 | $0.00 | A | 106,219 | D | |
| Class A Common StockF1 | Mar 17, 2016 | F | 27,846 | $9.60 | D | 78,373 | 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 17, 2016 | M | 101,810 | D | — | — | Common Stock | 101,810 | 282,805 | D |
Explanation of responses
- F1Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F2Mr. Haddrill's distribution includes the vesting of 11,312 RSUs based upon the achievement of certain strategic business objectives in 2015 and 90,498 RSUs based upon the achievement of a 2015 revenue objective which resulted in a maximum (200%) payout of the 45,249 RSUs originally granted. 40% of the restricted stock units that remain outstanding are scheduled to vest in two equal annual installments in 2017 and 2018 (generally no later than March 15 of each year), subject to satisfaction of certain performance criteria, and 60% of the restricted stock units that remain outstanding are scheduled to vest in 2018 (generally no later than March 15 of such year), subject to satisfaction of certain other performance criteria. Each unit converts into a share of common stock on a one-for-one basis.