SEC Form 4 · accession 0001352027-17-000032
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Collister Johnson
Officer — President and COO
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 9:09 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 | 179,972 | $0.00 | A | 179,972 | 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 | 237,515 | A | Jun 29, 2020 | Aug 7, 2027 | Common Stock, par value $0.000001 per share | 237,515 | 237,515 | D |
Explanation of responses
- F1This grant was for 179,972 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 143,977 shares of the Company's common stock. Two-ninths of the restricted stock units vest on each of June 29, 2018, 2019 and 2020 based upon the level of performance measured by reference to the Company's operating income for 2017, 2018 and 2019, respectively. One-ninth of the restricted stock units vest on each of June 29, 2018, 2019 and 2020 based upon the level of performance measured by reference to the Company's earnings per share for 2017, 2018 and 2019, respectively.
- F2Following the transactions reported on this Form 4, Mr. Johnson holds 179,972 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.