Joshua J. Wilson - 23 Oct 2023 Form 4 Insider Report for SciPlay Corp

Signature
/s/ James Sottile, attorney-in-fact for Joshua J. Wilson
Issuer symbol
N/A
Transactions as of
23 Oct 2023
Net transactions value
-$6,711,452
Form type
4
Filing time
25 Oct 2023, 20:39:22 UTC
Previous filing
28 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCPL Class A Common Stock Disposed to Issuer $6,711,452 -292,438 -100% $22.95 0 23 Oct 2023 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 SCPL Restricted Stock Units Disposed to Issuer $0 -88,974 -100% $0.000000* 0 23 Oct 2023 Class A Common Stock 88,974 Direct F2
transaction SCPL Restricted Stock Units Disposed to Issuer $0 -288,374 -100% $0.000000* 0 23 Oct 2023 Class A Common Stock 288,374 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joshua J. Wilson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of August 8, 2023, (the "Merger Agreement") by and among SciPlay Corporation, a Nevada Corporation (the "Company"), Light & Wonder, Inc., a Nevada corporation ("Parent"), and Bern Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Parent, at the effective time of the merger (the "Effective Time"), each share of Company Class A Common Stock converted into the right to receive a lump-sum cash payment, without interest, equal to $22.95 (the "Merger Consideration").
F2 Pursuant to the Merger Agreement, at the Effective Time, these restricted stock units were converted into a number of Parent restricted stock units by multiplying the number of Company restricted stock units by the Merger Consideration and dividing by the 10-day average of the volume weighted averages of the trading prices of Parent Common Stock as of two trading days prior to the date of the Merger Agreement, and rounding the resulting number up to the nearest share of Parent Common Stock, and generally subject to the same terms and conditions, including vesting terms.
F3 Pursuant to the Merger Agreement, at the Effective Time, these restricted stock units were converted into a number of Parent performance-based restricted stock units by multiplying the number of Company performance-conditioned restricted stock units by the Merger Consideration and dividing by the 10-day average of the volume weighted averages of the trading prices of Parent Common Stock as of two trading days prior to the date of the Merger Agreement, and rounding the resulting number up to the nearest share of Parent Common Stock, and generally subject to the same terms and conditions, including vesting terms.