SEC Form 4 · accession 0001352027-17-000034
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Spencer Adam Neumann
Officer — Chief Financial Officer
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 9:12 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 | Aug 7, 2017 | A | 149,312 | $0.00 | A | 149,312 | D | |
| Common Stock, par value $0.000001 per shareF2,F3 | Aug 7, 2017 | A | 179,172 | $0.00 | A | 328,484 | 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 OptionsF4 | $62.51 | Aug 7, 2017 | A | 118,409 | A | — | Aug 7, 2027 | Common Stock, par value $0.000001 per share | 118,409 | 118,409 | D |
Explanation of responses
- F1This grant was for 149,312 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 119,448 shares of the Company's common stock. One-fourth of the restricted stock units vest on each of March 31, 2018, 2019, 2020 and 2021 based upon the level of performance measured by reference to the Company's earnings per share for 2017, 2018, 2019 and 2020, respectively.
- F2This grant was for 179,172 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 59,724 shares of the Company's common stock. One-eighth of the restricted stock units vest on each of March 31, 2018, 2019, 2020 and 2021 based upon the level of performance measured by reference to the Company's operating income for 2017, 2018, 2019 and 2020, respectively, and one-eighth of the restricted stock units vest on each of March 31, 2019, 2020, 2021 and 2022 based on the level of performance measured by reference to the Company's operating income for 2018, 2019, 2020 and 2021, respectively.
- F3Following the transactions reported on this Form 4, Mr. Neumann holds 328,484 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F4One-fourth of these options vest on each of April 14, 2018, 2019, 2020 and 2021.