Michael Marchetti - 23 Oct 2023 Form 4 Insider Report for SciPlay Corp

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 23 Oct 2023
Net transaction value: -$1,408,855
SEC form: 4
Accepted by SEC: 25 Oct 2023, 20:33:49 UTC
Prior SEC filing: 09 Jun 2023
Next SEC filing: 17 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ James Sottile, attorney-in-fact for Michael Marchetti

Key filing fact

Michael Marchetti filed Form 4 for SciPlay Corp on 25 Oct 2023.

Key facts

This page summarizes Michael Marchetti's Form 4 filing for SciPlay Corp.
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 25 Oct 2023, 20:33.

Change

Previous filing in this sequence was filed on 09 Jun 2023.
Current net transaction value: -$1,408,855.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SCPL transaction

Class A Common Stock

Disposed to Issuer

Transaction value: $1,408,855
Shares: -61,388
Change %: -100%
Price: $22.95
Shares after: 0
Date: 23 Oct 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SCPL transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -7,494
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 Oct 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,494
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael Marchetti is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote 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").

Footnote F2

Pursuant to the Merger Agreement, each outstanding Company restricted stock unit held by a non-employee member of the Company's Board of Directors (each, a "Director RSU") was cancelled and converted into the right to receive a lump-sum cash payment, without interest, equal to the number of shares of Class A Common Stock subject to such Director RSU immediately prior to the Effective Time multiplied by the Merger Consideration, less applicable taxes required to be withheld with respect to such payment.