SEC Form 4 · accession 0001352027-16-000121
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Morhaime
Officer — Pres. & CEO-Blizzard Ent.
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 7:59 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 7, 2016 | A | 70,000 | $0.00 | A | 276,665 | D | |
| Common Stock, par value $0.000001 per shareF3,F4 | Nov 7, 2016 | A | 1,644 | $0.00 | A | 24,473 | I | Securites held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per shareF5,F6 | holding | — | — | — | 304,470 | 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 OptionsF7 | $41.09 | Nov 7, 2016 | A | 200,000 | A | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 200,000 | 200,000 | D |
| Employee Stock OptionsF8 | $41.09 | Nov 7, 2016 | A | 2,756 | A | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 2,756 | 2,756 | I |
Explanation of responses
- F1This grant was for 70,000 restricted stock units, each representing the right to receive one share of the Company's common stock, one-third of which will vest on each of November 6, 2017, 2018 and 2019.
- F2Following the transactions reported on this Form 4, Mr. Morhaime directly held 276,665 restricted stock units, each representing the right to receive one share of the Company's common stock.
- F3This grant was for 1,644 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 1,314 shares of the Company's common stock. The restricted stock units vest on March 30, 2020, based upon the level of performance measured by reference to the Company's operating income for 2017, 2018 and 2019.
- F4Following the transactions reported on this form 4, Mr. Morhaime indirectly holds, through his wife, (a) 9,656 shares of the Company's common stock and (b) 14,817 restricted stock units, each representing the right to receive one share of the Company's common stock, 9,682 of which have performance-based vesting.
- F5Mr. Morhaime indirectly holds (through the Michael Morhaime Revocable Trust) 304,470 shares of the Company's common stock.
- F6These securities are held by the Michael Morhaime Revocable Trust.
- F7One-third of these options vest on each of November 6, 2017, 2018 and 2019.
- F8One-third of these options vest on each of November 7, 2017, 2018 and 2019.