SEC Form 4 · accession 0001352027-17-000031
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis M Durkin
Officer — Chief Corporate Officer
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 9:08 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 shareF1,F2 | Aug 7, 2017 | A | 55,992 | $0.00 | A | 262,534 | 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 Options | $62.51 | Aug 7, 2017 | A | 37,720 | A | Mar 14, 2018 | Aug 7, 2027 | Common Stock, par value $0.000001 per share | 37,720 | 37,720 | D |
Explanation of responses
- F1This grant was for 55,992 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 44,793 shares of the Company's common stock. These restricted stock units vest on March 14, 2018, one-half based upon the level of performance measured by reference to the Company's operating income for 2017, one-fourth based upon the level of performance measured by reference to the Company's earnings per share for 2017 and one-fourth based upon the level of performance measured by referenced to Activision Publishing's operating income for 2017.
- F2Following the transactions reported on this Form 4, Mr. Durkin held (a) 206,542 shares of the Company's common stock and (b) 55,992 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.