SEC Form 4 · accession 0001454387-16-000237
ELECTRONIC ARTS INC. · EA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake J Jorgensen
Officer — EVP & Chief Financial Officer
Period of report
Jun 16, 2016
Accepted (ET)
Jun 20, 2016 · 7:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000712515
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF2,F1,F3 | — | Jun 16, 2016 | A | 86,666 | A | — | May 16, 2019 | Common Stock | 86,666 | 86,666 | D |
| Restricted Stock UnitsF4,F5 | — | Jun 16, 2016 | A | 43,333 | A | — | May 16, 2019 | Common Stock | 43,333 | 43,333 | D |
Explanation of responses
- F1Each performance-based restricted stock unit represents a contingent right to receive one share of Electronic Arts common stock.
- F2Represents the maximum number of shares of Electronic Arts common stock that may be awarded upon the achievement of performance conditions.
- F3Performance-based restricted stock units will vest subject to the terms and conditions of the grant agreement evidencing the award and the Company's 2000 Equity Incentive Plan. The performance conditions are described in the Form of 2016 Performance-Based Restricted Stock Unit Agreement filed as exhibit 10.1 to the Company's Form 8-K filed with the SEC on May 23, 2016.
- F4Each restricted stock unit represents the right to receive, at settlement, one share of Electronic Arts common stock.
- F5Restricted stock units vest as to one-third on May 16, 2017; then vest as to an additional one-third on May 16, 2018; and then vest as to the remaining one-third on May 16, 2019.