SEC Form 4 · accession 0001352027-16-000123
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher B Walther
Officer — Chief Legal Officer
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 8:08 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,F3 | Nov 7, 2016 | A | 142,979 | $0.00 | A | 172,168 | I | See footnote |
| Common Stock, par value $0.000001 per shareF2,F4,F3 | Nov 7, 2016 | A | 19,014 | $0.00 | A | 191,182 | 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,F3,F5 | $41.09 | Nov 7, 2016 | A | 180,122 | A | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 180,122 | 180,122 | I |
Explanation of responses
- F1This grant was for 142,979 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 114,383 shares of the Company's common stock. One-quarter of the restricted stock units vest on each of March 14, 2018, 2019, 2020 and 2021, in each case based upon the level of performance measured by reference to the Company's operating income for the prior year. Mr. Walther transferred these securities to the Walther-Stockton 2013 Family Trust immediately after grant.
- F2This grant was for 19,014 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 15,211 shares of the Company's common stock. The restricted stock units vest in full on March 31, 2020, based upon the level of performance measured by reference to the Company's cumulative operating income for 2017, 2018 and 2019. Mr. Walther transferred these securities to the Walther-Stockton 2013 Family Trust immediately after grant.
- F3These securities are held by the Walther-Stockton 2013 Family Trust.
- F4Following the transaction reported on this Form 4, Mr. Walther held, indirectly through the Walther-Stockton 2013 Family Trust, (A) 161,993 restricted stock units with vesting tied to performance, each representing the right to receive one share of the Company's common stock, and (B) 29,189 shares of the Company's common stock.
- F5Three-fourths of these options will vest on March 14, 2020 and one-fourth will vest on March 14, 2021.
- F6Mr. Walther transferred these securities to the Walther-Stockton 2013 Family Trust immediately after grant.