SEC Form 4 · accession 0001352027-17-000038
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
Nov 6, 2017
Accepted (ET)
Nov 8, 2017 · 6:03 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 shareF1,F2 | Nov 6, 2017 | A | 10,268 | $0.00 | A | 172,802 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This grant was for 10,268 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 8,214 shares of the Company's common stock. The restricted stock units vest in full on March 30, 2021, based upon the level of performance measured by reference to the Company's cumulative operating income for 2018, 2019 and 2020.
- F2Following the transactions reported on this Form 4, Mr. Durkin held (a) 106,542 shares of the Company's common stock and (b) 66,260 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.