SEC Form 4 · accession 0001352027-17-000039
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Morhaime
Officer — Pres. & CEO-Blizzard Ent.
Period of report
Nov 6, 2017
Accepted (ET)
Nov 8, 2017 · 6:04 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 | Nov 6, 2017 | A | 20,535 | $0.00 | A | 306,394 | D | |
| Common Stock, par value $0.000001 per share | Nov 6, 2017 | F | 12,823 | $60.87 | D | 293,571 | D | |
| Common Stock, par value $0.000001 per shareF4 | Nov 6, 2017 | G | 10,511 | $0.00 | D | 283,060 | D | |
| Common Stock, par value $0.000001 per shareF5,F6 | Nov 6, 2017 | G | 10,511 | $0.00 | A | 380,332 | I | See footnote |
| Common Stock, par value $0.000001 per shareF7,F8 | Nov 6, 2017 | A | 895 | $0.00 | A | 23,438 | I | Securites held by Mr. Morhaime's wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF9 | $60.87 | Nov 6, 2017 | A | 1,372 | A | — | Nov 6, 2027 | Common Stock, par value $0.000001 per share | 1,372 | 1,372 | I |
Explanation of responses
- F1This grant was for 20,535 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 16,428 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.
- F2On November 6, 2017, 23,334 restricted stock units held by Mr. Morhaime vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 12,823 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
- F3Following the receipt thereof, Mr. Morhaime transferred the net shares he received in connection with the vesting of his restricted stock units to the Michael Morhaime Revocable Trust.
- F4Following the transactions reported on this Form 4, Mr. Morhaime directly held (a) 166,395 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (b) 116,665 time-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F5Mr. Morhaime indirectly holds (through the Michael Morhaime Revocable Trust) 380,332 shares of the Company's common stock.
- F6These securities are held by the Michael Morhaime Revocable Trust.
- F7This grant was for 895 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 715 shares of the Company's common stock. The restricted stock units vest on March 30, 2021, based upon the level of performance measured by reference to the Company's operating income for 2018, 2019 and 2020.
- F8Following the transactions reported on this form 4, Mr. Morhaime indirectly holds, through his wife, (a) 12,861 shares of the Company's common stock and (b) 10,577 performance-based vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F9One-third of these options vest on each of November 6, 2018, 2019 and 2020.