SEC Form 4 · accession 0001352027-17-000007
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
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 7:21 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 | Feb 17, 2017 | M | 50,000 | $11.88 | A | 189,999 | D | |
| Common Stock, par value $0.000001 per shareF1 | Feb 17, 2017 | S | 50,000 | $45.216 | D | 139,999 | D | |
| Common Stock, par value $0.000001 per share | Feb 17, 2017 | M | 66,666 | $17.72 | A | 206,665 | D | |
| Common Stock, par value $0.000001 per shareF1 | Feb 17, 2017 | S | 66,666 | $45.216 | D | 139,999 | D | |
| Common Stock, par value $0.000001 per share | Feb 17, 2017 | M | 66,667 | $20.10 | A | 206,666 | D | |
| Common Stock, par value $0.000001 per shareF1 | Feb 17, 2017 | S | 66,667 | $45.216 | D | 139,999 | D | |
| Common Stock, par value $0.000001 per share | Feb 17, 2017 | M | 66,667 | $34.59 | A | 206,666 | D | |
| Common Stock, par value $0.000001 per shareF1,F2 | Feb 17, 2017 | S | 66,667 | $45.216 | D | 139,999 | D | |
| Common Stock, par value $0.000001 per shareF3,F4 | holding | — | — | — | 369,821 | I | See footnote. | |
| Common Stock, par value $0.000001 per shareF5 | holding | — | — | — | 22,543 | I | Securites held by Mr. Morhaime's wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options | $11.88 | Feb 17, 2017 | M | 50,000 | D | Dec 31, 2016 | Nov 8, 2020 | Common Stock, par value $0.000001 per share | 50,000 | 0 | D |
| Employee Stock Options | $17.72 | Feb 17, 2017 | M | 66,666 | D | Nov 14, 2016 | Nov 15, 2023 | Common Stock, par value $0.000001 per share | 66,666 | 0 | D |
| Employee Stock OptionsF6 | $20.10 | Feb 17, 2017 | M | 66,667 | D | — | Nov 14, 2024 | Common Stock, par value $0.000001 per share | 66,667 | 66,666 | D |
| Employee Stock OptionsF7 | $34.59 | Feb 17, 2017 | M | 66,667 | D | — | Nov 13, 2025 | Common Stock, par value $0.000001 per share | 66,667 | 133,333 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $45.175 to $45.25 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.
- F2Following the transactions reported on this Form 4, Mr. Morhaime directly held 139,999 restricted stock units, each representing the right to receive one share of the Company's common stock.
- F3Mr. Morhaime indirectly holds, through the Michael Morhaime Revocable Trust, 369,821 shares of the Company's common stock.
- F4These securities are held by the Michael Morhaime Revocable Trust.
- F5Mr. Morhaime indirectly holds, through his wife, (a) 12,861 shares of the Company's common stock and (b) 9,682 performance-based vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F6The exercised options vested on November 13, 2016. The remaining options will vest on November 13, 2017.
- F7The exercised options vested on November 12, 2016. One-half of the remaining options will vest on each of November 12, 2017 and 2018.