Light & Wonder Form 3 / Siobhan Lane ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lane Siobhan

(Last)

(First)

(Middle)

C/O LIGHT & WONDER, INC.

6601 BERMUDA ROAD

(Street)

LAS VEGAS

89119

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/10/2022

3. Issuer Name and Ticker or Trading Symbol
Light & Wonder, Inc. [ LNW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & Grp Chief Exec of Gaming

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,917	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Common Stock	8,750	⁽¹⁾	D
Restricted Stock Units	⁽²⁾	⁽²⁾	Common Stock	1,842	⁽²⁾	D
Restricted Stock Units	⁽³⁾	⁽³⁾	Common Stock	6,930	⁽³⁾	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	5,383	⁽⁴⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	3,334	⁽⁵⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	2,763	⁽⁶⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	2,763	⁽⁷⁾	D
Restricted Stock Units	⁽⁸⁾	⁽⁸⁾	Common Stock	3,465	⁽⁸⁾	D
Restricted Stock Units	⁽⁹⁾	⁽⁹⁾	Common Stock	3,465	⁽⁹⁾	D

Explanation of Responses:

1. The restricted stock units ("RSUs") are scheduled to vest on March 20, 2023 (4,375 shares) and March 20, 2024 (4,375 shares). Each unit converts into a share of common stock on a one-for-one basis.

2. The RSUs are scheduled to vest on March 20, 2023 (921 shares) and March 20, 2024 (921 shares). Each unit converts into a share of common stock on a one-for-one basis.

3. The RSUs are scheduled to vest on March 20, 2023 (2,310 shares), on March 20, 2024 (2,310 shares), and on March 20, 2025 (2,310 shares). Each unit converts into a share of common stock on a one-for-one basis.

4. The RSUs are scheduled to vest on July 31, 2023. Each unit converts into a share of common stock on a one-for-one basis.

5. The RSUs are scheduled to cliff vest on September 25, 2023. Each unit converts into a share of common stock on a one-for-one basis.

6. The RSUs are scheduled to cliff vest on March 20, 2024, subject to the achievement of a performance condition. Each unit converts into a share of common stock on a one-for-one basis.

7. The RSUs are scheduled to cliff vest on March 20, 2024, subject to the achievement of a performance condition. Each unit converts into a share of common stock on a one-for-one basis.

8. The RSUs are scheduled to cliff vest on March 20, 2025, subject to the achievement of a performance condition. Each unit converts into a share of common stock on a one-for-one basis.

9. The RSUs are scheduled to cliff vest on March 20, 2025, subject to the achievement of a performance condition. Each unit converts into a share of common stock on a one-for-one basis.

Remarks:

Exhibit 24 - Power of attorney

	/s/ James Sottile, attorney-in-fact for Siobhan Lane	10/20/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Light & Wonder (LNW) Form 3Light & Wonder / Siobhan Lane ownership change