SEC Form 4 · accession 0001454387-16-000155
ELECTRONIC ARTS INC. · EA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Soderlund
Officer — EVP, EA Studios
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 7:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000712515
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 11, 2016 | M | 33,278 | $35.70 | A | 133,299 | D | |
| Common StockF1 | May 11, 2016 | S | 33,278 | $70.43 | D | 100,021 | D | |
| Common StockF2 | May 12, 2016 | S | 20,000 | $75.9026 | D | 80,021 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $35.70 | May 11, 2016 | M | 33,278 | D | — | Jun 16, 2024 | Common Stock | 33,278 | 83,195 | D |
Explanation of responses
- F1This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Soderlund on November 30, 2015.
- F2Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $75.77 to $76.05. The Company undertakes to provide to the Staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
- F3This option, representing a right to purchase a total of 124,792 shares, became exercisable in three equal annual installments beginning on May 16, 2015, which was the first anniversary of the date on which the option was granted.