Light & Wonder, Inc. — Director's Dealing 2019

Mar 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCIENTIFIC GAMES CORP (SGMS)
CIK: 0000750004
Period of Report: 2019-03-20

Reporting Person: Richardson Stephen E (SVP and CCO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-20	Restricted Stock Units	$	A	5582	Acquired		Common Stock (5582.0)	Direct
2019-03-20	Employee Stock Option (right to buy)	$22.69	A	10084	Acquired	2029-03-20	Common Stock (10084.0)	Direct
2019-03-20	Employee Stock Option (right to buy)	$22.69	A	10084	Acquired	2029-03-20	Common Stock (10084.0)	Direct

Footnotes

F1: The restricted stock units are scheduled to vest beginning on March 20, 2020 (1,395 shares) and the balance in three installments on March 20, 2021 (1,396 shares), March 20, 2022 (1,395 shares) and March 20, 2023 (1,396 shares). Each unit converts into a share of common stock on a one-for-one basis.

F2: The stock options are scheduled to become exercisable in four equal annual installments beginning on March 20, 2020.

F3: The stock options are scheduled to become exercisable in four equal annual installments beginning on March 20, 2020 (each, a "Vesting Date"), subject to the Company's achievement of annual adjusted EBITDA growth of 10% or more compared to actual adjusted EBITDA for the calendar year ending December 31, 2018 (the "AEBITDA Goal"). If the AEBITDA Goal is met prior to the first Vesting Date, then all four annual installments will vest in accordance with the vesting schedule. If the AEBITDA 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 AEBITDA Goal and any remaining installments will vest in accordance with the vesting schedule. If the Compensation Committee of the Company determines that the AEBITDA Goal has not been achieved by the end of the 2022 fiscal year, all stock options are forfeited.