SEC Form 4 · accession 0001104659-16-158415
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Kennedy
Director
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 6:30 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 StockF1 | Nov 17, 2016 | S | 50,000 | $13.89 | D | 71,765 | D | |
| Class A Common Stock | Nov 18, 2016 | M | 37,500 | $0.00 | A | 109,265 | D | |
| Class A Common StockF2 | Nov 18, 2016 | F | 14,261 | $13.99 | D | 95,004 | 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 UnitsF3 | — | Nov 18, 2016 | M | 37,500 | D | — | — | Common Stock | 37,500 | 37,500 | D |
Explanation of responses
- F1The transaction was executed in multiple trades at prices ranging from $13.68 to $14.10. The price reported above reflects the weighted average sale price. Details regarding aggregated sales transactions will be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.
- F2Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- F3Represents vesting of restricted stock units granted on December 5, 2013. The balance of the award is scheduled to vest on November 18, 2017. Each unit converts into a share of common stock on a one-for-one basis.