SEC Form 4 · accession 0001352027-17-000009
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis M Durkin
Officer — Chief Financial Officer
Period of report
Mar 14, 2017
Accepted (ET)
Mar 16, 2017 · 5:39 pm EDT
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 | Mar 14, 2017 | M | 50,000 | $11.73 | A | 398,988 | D | |
| Common Stock, par value $0.000001 per shareF1 | Mar 14, 2017 | S | 50,000 | $49.0057 | D | 348,988 | D | |
| Common Stock, par value $0.000001 per shareF2 | Mar 14, 2017 | F | 45,484 | $49.08 | D | 303,504 | D | |
| Common Stock, par value $0.000001 per shareF3 | Mar 14, 2017 | F | 46,962 | $49.08 | D | 256,542 | D | |
| Common Stock, par value $0.000001 per shareF4,F5 | Mar 14, 2017 | S | 50,000 | $49.0149 | D | 206,542 | 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 OptionsF6 | $11.73 | Mar 14, 2017 | M | 50,000 | D | — | Mar 6, 2022 | Common Stock, par value $0.000001 per share | 50,000 | 175,000 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $49.00 to $49.031 per share. Mr. Durkin has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F2On March 14, 2017, 87,500 restricted share units held by Mr. Durkin vested and, as allowed under the terms of his restricted share unit agreement, the Company withheld 45,484 shares otherwise deliverable to him to satisfy the resulting tax withholding obligations.
- F3On March 14, 2017, 90,000 performance-vested restricted share units held by Mr. Durkin vested and, as allowed under the terms of his restricted share unit agreement, the Company withheld 46,962 shares otherwise deliverable to him to satisfy the resulting tax withholding obligations.
- F4The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $49.00 to $49.055 per share. Mr. Durkin has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F5Following the transactions reported on this Form 4, Mr. Durkin held 206,542 shares of the Company's common stock.
- F6The exercised options were vested as of March 14, 2015 and the remaining 175,000 options were fully vested as of March 14, 2017.