SEC Form 4 · accession 0001352027-16-000112
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian M. Stolz
Officer — Chief People Officer
Period of report
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 7:44 pm EDT
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 | Aug 8, 2016 | A | 120,044 | $0.00 | A | 120,044 | 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 | $40.61 | Aug 8, 2016 | A | 179,793 | A | — | Aug 8, 2026 | Common Stock, par value $0.000001 per share | 179,793 | 179,793 | D |
Explanation of responses
- F1This grant was for 120,044 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 96,035 shares of the Company's common stock. Three quarters of the restricted stock units vest on May 30, 2019, with one quarter based upon the level of performance measured by reference to the Company's operating income for 2016, one based on 2017 and one based on 2018; one quarter of the restricted stock units vest on May 30, 2020, based upon the level of performance measured by reference to the Company's operating income for 2019.
- F2Following the transactions reported on this Form 4, Mr. Stolz holds 120,044 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F3Three-quarters of these options vest on May 30, 2019 and one-quarter vests on May 30, 2020.