<SEC-DOCUMENT>0000950157-22-001131.txt : 20221020
<SEC-HEADER>0000950157-22-001131.hdr.sgml : 20221020
<ACCEPTANCE-DATETIME>20221020160812
ACCESSION NUMBER:		0000950157-22-001131
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20221010
FILED AS OF DATE:		20221020
DATE AS OF CHANGE:		20221020

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lane Siobhan
		CENTRAL INDEX KEY:			0001950456

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11693
		FILM NUMBER:		221321326

	MAIL ADDRESS:	
		STREET 1:		LIGHT & WONDER, INC.
		STREET 2:		6601 BERMUDA ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89118

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Light & Wonder, Inc.
		CENTRAL INDEX KEY:			0000750004
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				810422894
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6601 BERMUDA ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7028977150

	MAIL ADDRESS:	
		STREET 1:		6601 BERMUDA ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCIENTIFIC GAMES CORP
		DATE OF NAME CHANGE:	20010427

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUTOTOTE CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED TOTE INC
		DATE OF NAME CHANGE:	19920317
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2022-10-10</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000750004</issuerCik>
        <issuerName>Light &amp; Wonder, Inc.</issuerName>
        <issuerTradingSymbol>LNW</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001950456</rptOwnerCik>
            <rptOwnerName>Lane Siobhan</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LIGHT &amp; WONDER, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>6601 BERMUDA ROAD</rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89119</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>EVP &amp; Grp Chief Exec of Gaming</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1917</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>8750</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1842</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>6930</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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            <exerciseDate>
                <footnoteId id="F4"/>
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            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5383</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F5"/>
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            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F5"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3334</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2763</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F7"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F7"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F7"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2763</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeHolding>
        <derivativeHolding>
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            <exerciseDate>
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            <expirationDate>
                <footnoteId id="F8"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3465</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F9"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F9"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F9"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3465</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The restricted stock units (&quot;RSUs&quot;) 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.</footnote>
        <footnote id="F2">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.</footnote>
        <footnote id="F3">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.</footnote>
        <footnote id="F4">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.</footnote>
        <footnote id="F5">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.</footnote>
        <footnote id="F6">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.</footnote>
        <footnote id="F7">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.</footnote>
        <footnote id="F8">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.</footnote>
        <footnote id="F9">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.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ James Sottile, attorney-in-fact for Siobhan Lane</signatureName>
        <signatureDate>2022-10-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex-24.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
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    <div style="text-align: right; font-family: 'Times New Roman'; font-weight: bold;">Exhibit 24</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;"><u>POWER OF</u></div>
    <div style="text-align: center; margin-right: 176.65pt; margin-left: 176.6pt; font-family: 'Times New Roman'; font-weight: bold;"><u>ATTORNEY</u></div>
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    </div>
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    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman';">KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of James Sottile and Sweta Gabhawala, signing singly, the
      undersigned&#8217;s true and lawful attorneys-in-fact to:</div>
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            <div style="font-family: 'Times New Roman';">1.</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="font-family: 'Times New Roman';">execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as an officer and/or director of Light &amp; Wonder, Inc. (the &#8220;Company&#8221;) , Forms 3, 4
              and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;</div>
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            <div style="font-family: 'Times New Roman';">2.</div>
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          <td style="width: 90%; vertical-align: top;">
            <div style="font-family: 'Times New Roman';">do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 and 5, and any
              amendments thereto, and timely file such form or report with the Securities and Exchange Commission and any stock exchange or similar authority; and</div>
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            <div style="font-family: 'Times New Roman';">3.</div>
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          <td style="width: 90%; vertical-align: top;">
            <div style="font-family: 'Times New Roman';">take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best
              interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms
              and conditions as such attorney-in-fact may approve in such attorney-in-fact&#8217;s discretion.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman';">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever
      requisite, necessary, or proper to be done in the exercise of any rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby
      ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned
      acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned&#8217;s responsibilities to comply with Section 16 of the Securities
      Exchange Act of 1934.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman';">This Power of Attorney supersedes any Power of Attorney previously granted by the undersigned with respect to the foregoing matters and shall remain
      in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned&#8217;s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed
      writing delivered to the foregoing attorneys-in-fact.</div>
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    <div style="text-align: justify; text-indent: 30.05pt; margin-right: 5.65pt; margin-left: 5.95pt; font-family: 'Times New Roman';">IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on this 11th day of October,
      2022.</div>
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            <div style="margin-right: 3pt; font-family: 'Times New Roman';">/s/ Siobhan Lane</div>
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            <div style="margin-right: 3pt; font-family: 'Times New Roman';">Siobhan Lane</div>
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