SEC Form 4 · accession 0001352027-16-000129
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Kotick
Officer — President & CEO · Director
Period of report
Nov 22, 2016
Accepted (ET)
Nov 25, 2016 · 9:27 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 | Oct 11, 2016 | G | 100 | $0.00 | D | 796,949 | D | |
| Common Stock, par value $0.000001 per shareF1,F2 | Nov 22, 2016 | A | 1,513,317 | $0.00 | A | 2,310,266 | D | |
| Common Stock, par value $0.000001 per shareF3,F4 | holding | — | — | — | 12,561,811 | I | By ASAC II LLC | |
| Common Stock, par value $0.000001 per shareF3,F5 | holding | — | — | — | 243,400 | I | By ASAC 427 LLC | |
| Common Stock, par value $0.000001 per shareF6 | holding | — | — | — | 1,610,000 | I | See footnote | |
| Common Stock, par value $0.000001 per share | holding | — | — | — | 9,600 | I | By UTMAs for the benefit of minor children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This grant was for 1,513,317 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 605,327 shares of the Company's common stock. These performance-vesting restricted share units vest in accordance with Mr. Kotick's employment agreement with the Company, dated as of November 22, 2016 and effective as of October 1, 2016, and filed as an exhibit to the Form 8-K filed by the Company on November 25, 2016.
- F2Following the transactions reported on this Form 4, Mr. Kotick directly held (a) 796,949 shares of the Company's common stock and (b) 1,513,317 restricted stock units with vesting tied to performance, each representing the right to receive one share of the Company's common stock.
- F3Reflects the pro rata distribution of 486,800 shares of the Company's common stock by ASAC II LLC to its members, ASAC TJKS LLC and ASAC 427 LLC, on November 9, 2016.
- F4Mr. Kotick and Brian G. Kelly are the managers of ASAC II LLC. Mr. Kotick disclaims beneficial ownership of the Company's common stock held by ASAC II LLC except to the extent of his pecuniary interest therein.
- F5Mr. Kotick disclaims beneficial ownership of the Company's common stock held by ASAC 427 LLC except to the extent of his pecuniary interest therein.
- F6These shares are held by grantor retained annuity trusts for the benefit of Mr. Kotick's children, of which Mr. Kotick is the trustee.