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Light & Wonder, Inc. — Director's Dealing 2018
Aug 8, 2018
30802_dirs_2018-08-08_e5894e05-11d7-4a13-b8ae-8648c2dbd982.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: 2018-08-06
Reporting Person: Albregts Douglas (EVP & Grp Chief Exec, Gaming)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-06 | Restricted Stock Units | $ | A | 7093 | Acquired | Common Stock (7093.0) | Direct | |
| 2018-08-06 | Employee Stock Option (right to buy) | $37.35 | A | 13886 | Acquired | 2028-08-06 | Common Stock (13886.0) | Direct |
| 2018-08-06 | Employee Stock Option (right to buy) | $37.35 | A | 13886 | Acquired | 2028-08-06 | Common Stock (13886.0) | Direct |
Footnotes
F1: The restricted stock units are scheduled to vest beginning on March 20, 2019 (1,773 shares) and the balance in three installments on March 20, 2020 (1,773 shares), March 20, 2021 (1,773 shares) and March 20, 2022 (1,774 shares). Each unit converts into a share of common stock on a one-for-one basis.
F2: The options become exercisable on March 20, 2019 (3,471 shares), March 20, 2020 (3,472 shares), March 20, 2021 (3,471 shares) and March 20, 2022 (3,472 shares).
F3: The stock options are scheduled to become exercisable in four annual installments beginning on March 20, 2019 (each, a "Vesting Date"), subject to the Company's 60-trading day average closing price meeting or exceeding $44.82 (the "Performance Goal") prior to March 20, 2022. If the Performance Goal is met prior to the first Vesting Date, then all four annual installments will vest in accordance with the vesting schedule. If the Performance Goal is met subsequent to the first Vesting Date, each annual installment relating to a Vesting Date that has already occurred will automatically vest upon achievement of the Performance Goal and any remaining installments will vest in accordance with the vesting schedule. If the Performance Goal is not met by March 20, 2022, all stock options are forfeited.