SCIENTIFIC GAMES CORP 4
4 · SCIENTIFIC GAMES CORP · Filed Mar 13, 2017
Insider Transaction Report
Form 4
Potts Larry
VP & Chief Compliance Officer
Transactions
- Award
Restricted Stock Units
2017-03-09+7,330→ 7,330 total→ Common Stock (7,330 underlying) - Award
Employee Stock Option (right to buy)
2017-03-09+14,486→ 14,486 totalExercise: $21.60Exp: 2027-03-08→ Common Stock (14,486 underlying) - Award
Employee Stock Option (right to buy)
2017-03-09+14,486→ 14,486 totalExercise: $21.60Exp: 2027-03-08→ Common Stock (14,486 underlying)
Footnotes (3)
- [F1]The restricted stock units are scheduled to vest in four equal annual installments beginning on March 20, 2018. Each unit converts into a share of common stock on a one-for-one basis.
- [F2]The stock options are scheduled to become exercisable in four equal annual installments beginning on March 20, 2018.
- [F3]The stock options are scheduled to become exercisable in four equal annual installments beginning on March 20, 2018 (each, a "Vesting Date"), subject to the Company's 60-trading day average closing price meeting or exceeding $28.08 (the "Performance Goal") prior to March 20, 2021. If the Performance Goal is met prior to the first Vesting Date, then all four annual installments will vest in accordance with the vesting schedule. If the Performance Goal is met subsequent to the first Vesting Date, each annual installment relating to a Vesting Date that has already occurred will automatically vest upon achievement of the Performance Goal and any remaining installments will vest in accordance with the vesting schedule. If the Performance Goal is not met by March 20, 2021, all stock options are forfeited.