SEC Form 4 · accession 0001352027-16-000061
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
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 6:37 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 share | Dec 31, 2015 | M | 350,000 | $11.88 | A | 811,163 | D | |
| Common Stock, par valur $0.000001 per share | Dec 31, 2015 | F | 233,996 | $38.71 | D | 577,167 | D | |
| Common Stock, par value $0.000001 per shareF3 | Dec 31, 2015 | G | 116,004 | $0.00 | D | 461,163 | D | |
| Common Stock, par value $0.000001 per shareF4,F5 | Dec 31, 2015 | G | 116,004 | $0.00 | A | 168,699 | 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 OptionsF6,F7 | $11.88 | Dec 31, 2015 | M | 350,000 | D | — | Nov 8, 2020 | Common Stock, par value $0.000001 per share | 350,000 | 0 | D |
Explanation of responses
- F1On December 31, 2015, Mr. Hirshberg exercised options to purchase 350,000 shares of the Company's common stock. Pursuant to the terms of his option award agreement, the Company withheld 233,996 of the shares otherwise deliverable to him in order to satisfy the aggregate exercise price for the options and the resulting tax withholding obligation.
- F2Mr. Hirshberg transferred the shares delivered to him upon exercise of these stock options to the Eric and Tara Hirshberg Revocable Trust.
- F3Following the transaction reported on this Form 4, Mr. Hirshberg directly held 461,163 restricted stock units, all of which have vesting criteria tied to performance.
- F4Following the transactions reported on this Form 4, Mr. Hirshberg indirectly held (through the Eric and Tara Hirshberg Revocable Trust) 168,699 shares of the Company's common stock.
- F5These securities are held by the Eric and Tara Hirshberg Revocable Trust.
- F6These options were fully vested as of August 31, 2015.
- F7Per the terms of Mr. Hirshberg's award agreement, these options were required to be exercised by December 31, 2015.