SEC Form 4 · accession 0001352027-16-000076

Activision Blizzard, Inc. · ATVI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Strategy & Talent Ofc

Period of report

Mar 8, 2016

Accepted (ET)

Mar 10, 2016 · 7:03 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^F1,F2,F3	Mar 8, 2016	A	52,794	$0.00	A	229,240	I	Sakhnini Family Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options^F3,F4	$30.78	Mar 8, 2016	A	79,252	A	—	Mar 8, 2026	Common Stock, par value $0.000001 per share	79,252	79,252	I

F1This grant was for 52,794 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 42,235 shares of the Company's common stock. One-half of these restricted stock units vest on March 30, 2019 and the remaining one-half vest on March 30, 2020, in each case based upon the achievement of the performance metrics set forth in Mr. Sakhnini's employment agreement with the Company.
F2Following the transactions reported on this Form 4, Mr. Sakhnini held, through the Sakhnini Family Trust (a) 55,177 shares of the Company's common stock and (b) 174,063 restricted stock units with vesting criteria tied to performance.
F3Immediately after receiving them, Mr. Sakhnini transferred these securities to the Sakhnini Family Trust.
F4One-half of these options vest on March 30, 2019 and the remaining one-half vest on March 30, 2020.