SEC Form 4 · accession 0001104659-17-002847
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
Jan 14, 2017
Accepted (ET)
Jan 18, 2017 · 6:07 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 | Jan 14, 2017 | M | 17,500 | $0.00 | A | 150,462 | D | |
| Class A Common StockF1 | Jan 14, 2017 | F | 5,873 | $15.56 | D | 144,589 | 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 | — | Jan 14, 2017 | M | 17,500 | D | — | — | Common Stock | 17,500 | 52,500 | 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 January 14, 2016. The balance of the award is scheduled to vest in three equal installments on each of January 14, 2018, 2019 and 2020. Each unit converts into a share of common stock on a one-for-one basis.