Earl Nicholas 4
4 · SciPlay Corp · Filed Oct 25, 2023
Insider Transaction Report
Form 4
SciPlay CorpSCPL
Earl Nicholas
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-10-23$22.95/sh−21,086$483,924→ 0 total - Disposition to Issuer
Restricted Stock Units
2023-10-23−7,494→ 0 total→ Class A Common Stock (7,494 underlying)
Footnotes (2)
- [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, 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.