Wilson Joshua J. 4
4 · SciPlay Corp · Filed Oct 25, 2023
Insider Transaction Report
Form 4
SciPlay CorpSCPL
Wilson Joshua J.
DirectorCEO
Transactions
- Disposition to Issuer
Restricted Stock Units
2023-10-23−88,974→ 0 total→ Class A Common Stock (88,974 underlying) - Disposition to Issuer
Restricted Stock Units
2023-10-23−288,374→ 0 total→ Class A Common Stock (288,374 underlying) - Disposition to Issuer
Class A Common Stock
2023-10-23$22.95/sh−292,438$6,711,452→ 0 total
Footnotes (3)
- [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, 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.
- [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.