Barry L. Cottle - May 31, 2022 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
President and CEO, Director
Signature
/s/ James Sottile, attorney-in-fact for Barry L. Cottle
Stock symbol
LNW
Transactions as of
May 31, 2022
Transactions value $
-$415,373
Form type
4
Date filed
6/2/2022, 04:10 PM
Previous filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +16.7K +4.93% $0.00 355K May 31, 2022 Direct
transaction LNW Common Stock Tax liability -$341K -6.56K -1.85% $52.05 348K May 31, 2022 Direct F1
transaction LNW Common Stock Options Exercise $0 +3.6K +1.04% $0.00 352K Jun 1, 2022 Direct
transaction LNW Common Stock Tax liability -$74K -1.42K -0.4% $52.17 350K Jun 1, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LNW Restricted Stock Units Options Exercise $0 -16.7K -33.33% $0.00 33.3K May 31, 2022 Common Stock 16.7K Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -3.6K -100% $0.00* 0 Jun 1, 2022 Common Stock 3.6K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2 Represents vesting of one-third of restricted stock units granted on June 1, 2021. The balance of the award is scheduled to vest on May 31, 2023 (16,667 shares) and May 31, 2024 (16,667 shares). Each unit converts into a share of common stock on a one-for-one basis.
F3 Represents vesting of one-fourth of restricted stock units granted on June 1, 2018. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.