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

Reporting relationship: CEO, Director
Issuer ticker: N/A
Reported as of: 23 Oct 2023
Net transaction value: -$6,711,452
SEC form: 4
Accepted by SEC: 25 Oct 2023, 20:39:22 UTC
Prior SEC filing: 28 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ James Sottile, attorney-in-fact for Joshua J. Wilson

Key filing fact

Joshua J. Wilson filed Form 4 for SciPlay Corp on 25 Oct 2023.

Key facts

This page summarizes Joshua J. Wilson's Form 4 filing for SciPlay Corp.
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 25 Oct 2023, 20:39.

Change

Previous filing in this sequence was filed on 28 Sep 2023.
Current net transaction value: -$6,711,452.

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: $6,711,452
Shares: -292,438
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: -88,974
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 Oct 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 88,974
Exercise price
Footnotes: F2

SCPL transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -288,374
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 Oct 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 288,374
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 3 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, 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.

Footnote 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.