SEC Form 4 · accession 0001352027-17-000042
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Wereb
Officer — Principal Accounting Officer
Period of report
Nov 6, 2017
Accepted (ET)
Nov 8, 2017 · 6:08 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 | 3,327 | $0.00 | A | 54,714 | 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 OptionsF3 | $60.87 | Nov 6, 2017 | A | 4,794 | A | — | Nov 6, 2027 | Common Stock, par value $0.000001 per share | 4,794 | 4,794 | D |
Explanation of responses
- F1This grant was for 3,327 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 2,661 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.
- F2Following the transactions reported on this Form 4, Mr. Wereb held (a) 6,203 shares of the Company's common stock, and (b) 48,511 performance-based vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F3One-third of these options vest on each of November 6, 2018, 2019 and 2020.