SEC Form 4 · accession 0001104659-16-163505
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
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 4:53 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 | Dec 20, 2016 | M | 3,750 | $0.00 | A | 129,612 | D | |
| Class A Common StockF1 | Dec 20, 2016 | F | 1,251 | $15.33 | D | 128,361 | 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 | — | Dec 20, 2016 | M | 3,750 | D | — | — | Common Stock | 3,750 | 3,750 | 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 December 20, 2013. The balance of the award is scheduled to vest on December 20, 2017. Each unit converts into a share of common stock on a one-for-one basis.