SEC Form 4 · accession 0001104659-16-116317
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
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 5:10 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 | Apr 27, 2016 | M | 4,720 | $0.00 | A | 96,810 | D | |
| Class A Common StockF1 | Apr 27, 2016 | F | 1,575 | $10.34 | D | 95,235 | 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 | — | Apr 27, 2016 | M | 4,720 | D | — | — | Common Stock | 4,720 | 14,161 | 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 April 27, 2015. The balance of the award is scheduled to vest in three equal installments on each of April 27, 2017, 2018 and 2019. Each unit converts into a share of common stock on a one-for-one basis.