SEC Form 4 · accession 0001352027-16-000124
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Wereb
Officer — Principal Accounting Officer
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 8:14 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 | Nov 7, 2016 | A | 4,747 | $0.00 | A | 44,653 | D | |
| Common Stock, par value $0.000001 per shareF2,F3 | Nov 7, 2016 | A | 25,098 | $0.00 | A | 69,751 | 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 OptionsF4 | $41.09 | Nov 7, 2016 | A | 8,095 | A | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 8,095 | 8,095 | D |
| Employee Stock OptionsF5 | $41.09 | Nov 7, 2016 | A | 42,437 | A | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 42,437 | 42,437 | D |
Explanation of responses
- F1This grant was for 4,747 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 3,797 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.
- F2This grant was for 25,098 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 20,078 shares of the Company's common stock. One-half of the restricted stock units vest on June 29, 2018, based upon the level of performance measured by reference to the Company's operating income for 2017, and one-half of the restricted stock units vest on June 29, 2019, based upon the level of performance measured by reference to the Company's operating income for 2018.
- F3Following the transactions reported on this Form 4, Mr. Wereb held (1) 4,752 shares of the Company's common stock, (2) 45,184 restricted stock units with vesting tied to performance, each representing the right to receive one share of the Company's common stock and (3) 19,815 restricted stock units, each representing the right to receive one share of the Company's common stock.
- F4One-third of these options vest on each of November 7, 2017, 2018 and 2019.
- F5One-half of these options vest on each of June 29, 2018 and 2019.