SEC Form 4 · accession 0001352027-15-000056
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Wereb
Officer — Principal Accounting Officer
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 8:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000718877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.000001 per shareF1,F2 | Nov 13, 2015 | A | 5,638 | $0.00 | A | 68,746 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF3 | $34.59 | Nov 13, 2015 | A | 10,725 | A | — | Nov 13, 2025 | Common Stock, par value $0.000001 per share | 10,725 | 10,725 | D |
Explanation of responses
- F1This grant was for 5,638 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number assumes maximum performance; target performance would result in a release of 4,510 shares of the Company's common stock. The restricted stock units vest on March 15, 2019, based upon the level of performance measured by reference to the Company's operating income for 2016, 2017 and 2018.
- F2Following the transactions reported on this Form 4, Mr. Wereb held (a) 23,653 shares of the Company's common stock, (b) 15,339 restricted stock units with vesting tied to performance, each representing the right to receive one share of the Company's common stock and (c) 29,754 restricted stock units, each representing the right to receive one share of the Company's common stock.
- F3One-third of these options vest on each of November 13, 2016, 2017 and 2018.