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Light & Wonder, Inc. — Director's Dealing 2016
Mar 21, 2016
30802_dirs_2016-03-21_d7809e18-a235-425c-ae04-a91a4e2475c1.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: 2016-03-17
Reporting Person: HADDRILL RICHARD M (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-17 | Class A Common Stock | M | 101810 | — | Acquired | 106219 | Direct |
| 2016-03-17 | Class A Common Stock | F | 27846 | $9.60 | Disposed | 78373 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-17 | Restricted Stock Units | $ | M | 101810 | Disposed | Common Stock (101810) | Direct |
Footnotes
F1: Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2: Mr. Haddrill's distribution includes the vesting of 11,312 RSUs based upon the achievement of certain strategic business objectives in 2015 and 90,498 RSUs based upon the achievement of a 2015 revenue objective which resulted in a maximum (200%) payout of the 45,249 RSUs originally granted. 40% of the restricted stock units that remain outstanding are scheduled to vest in two equal annual installments in 2017 and 2018 (generally no later than March 15 of each year), subject to satisfaction of certain performance criteria, and 60% of the restricted stock units that remain outstanding are scheduled to vest in 2018 (generally no later than March 15 of such year), subject to satisfaction of certain other performance criteria. Each unit converts into a share of common stock on a one-for-one basis.