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Light & Wonder, Inc. — Director's Dealing 2017
May 4, 2017
30802_dirs_2017-05-04_327bb3a4-b0d8-45b3-a12d-f58dedcb30cb.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: 2017-05-02
Reporting Person: Isaacs Michael Gavin (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-02 | Class A Common Stock | M | 52493 | — | Acquired | 110542 | Direct |
| 2017-05-02 | Class A Common Stock | M | 51229 | — | Acquired | 161771 | Direct |
| 2017-05-02 | Class A Common Stock | M | 51229 | — | Acquired | 213000 | Direct |
| 2017-05-02 | Class A Common Stock | S | 154951 | $22.81 | Disposed | 58049 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-02 | Employee Stock Option (right to buy) | $12.83 | M | 52493 | Disposed | 2025-04-26 | Common Stock (52493.0) | Direct |
| 2017-05-02 | Employee Stock Option (right to buy) | $9.65 | M | 51229 | Disposed | 2026-06-20 | Common Stock (51229.0) | Direct |
| 2017-05-02 | Employee Stock Option (right to buy) | $9.65 | M | 51229 | Disposed | 2026-06-20 | Common Stock (51229.0) | Direct |
Footnotes
F1: The transaction was executed in multiple trades at prices ranging from $22.50 to $23.25. 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.
F2: The option became exercisable as to 52,493 shares on each of April 27, 2016 and 2017 and becomes exercisable as to 52,493 shares on each of April 27, 2018 and 2019.
F3: The option became exercisable as to 51,229 shares on March 20, 2017 and becomes exercisable as to 51,230 shares on March 20, 2018; as to 51,229 shares on March 20, 2019 and as to 51,230 shares on March 20, 2020.
F4: Vesting of these options was contingent on the Company's Class A Common Stock attaining a rolling 60-trading day average closing price of $15.00 per share on or before March 20, 2020. The $15.00 average closing price was achieved on February 2, 2017. The option became exercisable as to 51,229 shares on March 20, 2017 and becomes exercisable as to 51,230 shares on March 20, 2018; as to 51,229 shares on March 20, 2019 and as to 51,230 shares on March 20, 2020.