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Light & Wonder, Inc. — Director's Dealing 2014
May 15, 2014
30802_dirs_2014-05-15_5195438e-1122-4139-9fa7-a7bd2776e0f0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SCIENTIFIC GAMES CORP (SGMS)
CIK: 0000750004
Period of Report: 2014-05-13
Reporting Person: PERELMAN RONALD O (Director, 10% Owner)
Reporting Person: MacAndrews & Forbes Holdings Inc. (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-13 | Class A Common Stock | P | 667867 | $9.6576 | Acquired | 34223604 | Indirect |
| 2014-05-14 | Class A Common Stock | P | 32133 | $9.7349 | Acquired | 34255737 | Indirect |
| 2014-05-13 | Class A Common Stock | M | 1494 | $0.00 | Acquired | 40007 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-13 | Restricted Stock Units | $ | M | 1494 | Disposed | Common Stock (1494) | Direct |
Footnotes
F1: By SGMS Acquisition Corp., SGMS Acquisition Two Corp., RLX Holdings Two LLC and MacAndrews & Forbes Holdings Inc. Mr. Perelman is the sole stockholder of MacAndrews & Forbes Holdings Inc., which is the sole stockholder of each of SGMS Acquisition Corporation, SGMS Acquisition Two Corporation and RLX Holdings Two LLC.
F2: In accordance with the terms of the applicable equity compensation plan, represents the accelerated vesting of one-fifth of award of restricted stock units (RSUs) granted on January 4, 2010 upon MacAndrews & Forbes Holdings Inc. becoming the beneficial owner of at least 40% of the issuer's voting securities (such RSUs otherwise would have vested on January 4, 2015). The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis. As previously disclosed by the issuer, the reporting person has agreed to certain transfer restrictions and forfeiture provisions with respect to 50% of these shares that are designed to replicate to the extent practicable the original vesting provisions of the RSU award.