Patrick J. McHugh - 16 Mar 2022 Form 4 Insider Report for SCIENTIFIC GAMES CORP (LNW)

Signature
/s/ James Sottile, attorney-in-fact for Patrick J. McHugh
Issuer symbol
LNW
Transactions as of
16 Mar 2022
Net transactions value
-$186,180
Form type
4
Filing time
18 Mar 2022, 19:07:30 UTC
Previous filing
29 Jun 2021
Next filing
22 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +10,590 +25% $0.000000 53,546 16 Mar 2022 Direct
transaction LNW Common Stock Tax liability $186,180 -3,210 -6% $58.00 50,336 16 Mar 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LNW Restricted Stock Units Award $0 +10,590 $0.000000 10,590 16 Mar 2022 Common Stock 10,590 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -10,590 -100% $0.000000* 0 16 Mar 2022 Common Stock 10,590 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2 Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2021. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2021, by the average of the high and low prices of the common stock on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2021 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis.