SEC Form 4 · accession 0001352027-15-000058
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Hirshberg
Officer — CEO, Activision Publishing
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 8:54 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 $0.00001 per shareF2 | Nov 13, 2015 | A | 221,163 | $0.00 | A | 461,163 | D | |
| Common Stock, par value $0.000001 per shareF3,F4 | holding | — | — | — | 52,695 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF5 | $34.59 | Nov 13, 2015 | A | 398,820 | A | — | Nov 13, 2025 | Common Stock, par value $0.000001 per share | 398,820 | 398,820 | D |
Explanation of responses
- F1This grant was for 221,163 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 176,930 shares of the Company's common stock. Two-thirds of the restricted stock units vest on March 30, 2018, based upon the level of performance measured by reference to Activision Publishing's operating income for 2016 and 2017; one-third of the restricted stock units vest on March 30, 2019, based upon the level of performance measured by reference to Activision Publishing's operating income for 2018.
- F2Following the transaction reported on this Form 4, Mr. Hirshberg directly holds 461,163 restricted stock units, all of which have vesting criteria tied to performance.
- F3Mr. Hirshberg indirectly holds (through the Eric and Tara Hirshberg Revocable Trust) 52,695 shares of the Company's common stock.
- F4These securities are held by the Eric and Tara Hirshberg Revocable Trust.
- F5Two-third of these options vest on March 30, 2018 and one-third vests on March 30, 2019.