SEC Form 4 · accession 0001104659-16-126645
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Gavin Isaacs
Officer — President and CEO · Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 10, 2016 · 6:54 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 | Jun 9, 2016 | M | 21,484 | $0.00 | A | 81,508 | D | |
| Class A Common StockF1 | Jun 9, 2016 | F | 9,013 | $10.36 | D | 72,495 | 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 | — | Jun 9, 2016 | M | 21,484 | D | — | — | Common Stock | 21 | 42,968 | 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 June 9, 2014. The balance of the award is scheduled to vest in two equal installments on each of June 9, 2017 and 2018. Each unit converts into a share of common stock on a one-for-one basis.