SEC Form 4 · accession 0001454387-16-000334
ELECTRONIC ARTS INC. · EA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Wilson
Officer — Chief Executive Officer · Director
Period of report
Sep 27, 2016
Accepted (ET)
Sep 29, 2016 · 5:50 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 | Sep 27, 2016 | M | 50,000 | $26.25 | A | 290,581 | D | |
| Common StockF1,F2 | Sep 27, 2016 | S | 50,000 | $85.0342 | D | 240,581 | 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 | $26.25 | Sep 27, 2016 | M | 50,000 | D | — | Oct 31, 2023 | Common Stock | 50,000 | 950,000 | D |
Explanation of responses
- F1This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Wilson on May 25, 2016.
- F2Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $85.00 to $85.10. 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.
- F3Option cliff vested as to 240,000 shares on November 1, 2014 and the remaining options vested or vest as to 20,000 of the shares on the first day of each month thereafter until the option is fully vested.