SEC Form 4 · accession 0001352027-18-000014
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
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 7:05 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 share | Feb 20, 2018 | M | 66,666 | $20.10 | A | 303,060 | D | |
| Common Stock, par value $0.000001 per shareF1 | Feb 20, 2018 | S | 66,666 | $71.0667 | D | 236,394 | D | |
| Common Stock, par value $0.000001 per share | Feb 20, 2018 | M | 66,667 | $34.59 | A | 303,061 | D | |
| Common Stock, par value $0.000001 per shareF1 | Feb 20, 2018 | S | 66,667 | $71.0667 | D | 236,394 | D | |
| Common Stock, par value $0.000001 per share | Feb 20, 2018 | M | 32,018 | $41.09 | A | 268,412 | D | |
| Common Stock, par value $0.000001 per shareF1 | Feb 20, 2018 | S | 32,018 | $71.0667 | D | 236,394 | D | |
| Common Stock, par value $0.000001 per share | Feb 20, 2018 | M | 3,518 | $20.10 | A | 26,956 | I | Securities held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per shareF2 | Feb 20, 2018 | S | 3,518 | $71.0315 | D | 23,438 | I | Securities held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per share | Feb 20, 2018 | M | 1,438 | $34.59 | A | 24,876 | I | Securities held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per shareF2 | Feb 20, 2018 | S | 1,438 | $71.0315 | D | 23,438 | I | Securities held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per share | Feb 20, 2018 | M | 919 | $41.09 | A | 24,357 | I | Securities held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per shareF2,F3 | Feb 20, 2018 | S | 919 | $71.0315 | D | 23,438 | I | Securities held by Mr. Morhaime's wife |
| Common Stock, par value $0.000001 per share | Feb 21, 2018 | M | 34,649 | $41.09 | A | 271,043 | D | |
| Common Stock, par value $0.000001 per shareF4,F5 | Feb 21, 2018 | S | 34,649 | $70.8229 | D | 236,394 | D | |
| Common Stock, par value $0.000001 per shareF6,F7 | holding | — | — | — | 401,354 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF8 | $20.10 | Feb 20, 2018 | M | 66,666 | D | — | Nov 14, 2024 | Common Stock, par value $0.000001 per share | 66,666 | 0 | D |
| Employee Stock OptionsF9 | $34.59 | Feb 20, 2018 | M | 66,667 | D | — | Nov 13, 2025 | Common Stock, par value $0.000001 per share | 66,667 | 66,666 | D |
| Employee Stock OptionsF10 | $41.09 | Feb 20, 2018 | M | 32,018 | D | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 32,018 | 167,982 | D |
| Employee Stock OptionsF11 | $20.10 | Feb 20, 2018 | M | 3,518 | D | — | Nov 14, 2024 | Common Stock, par value $0.000001 per share | 3,518 | 0 | I |
| Employee Stock OptionsF12 | $34.59 | Feb 20, 2018 | M | 1,438 | D | — | Nov 13, 2025 | Common Stock, par value $0.000001 per share | 1,438 | 1,437 | I |
| Employee Stock OptionsF13 | $41.09 | Feb 20, 2018 | M | 919 | D | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 919 | 1,837 | I |
| Employee Stock OptionsF14 | $41.09 | Feb 21, 2018 | M | 34,649 | D | — | Nov 7, 2026 | Common Stock, par value $0.000001 per share | 34,649 | 133,333 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $71.00 to $71.22 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F10The exercised options vested on November 6, 2017. One-half of the remaining unvested options will vest on each of November 6, 2018 and 2019.
- F11These options were fully vested on November 14, 2017.
- F12The exercised options vested on November 13, 2017. The remaining options will vest on November 13, 2018.
- F13The exercised options vested on November 7, 2017. One-half of the remaining options vest on each of November 7, 2018 and 2019.
- F14The exercised options vested on November 6, 2017. One-half of the remaining options will vest on each of November 6, 2018 and 2019.
- F2The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $71.01 to $71.07 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F3Following the transactions reported on this form 4, Mr. Morhaime indirectly held, through his wife, (a) 12,861 shares of the Company's common stock and (b) 10,577 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F4The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $70.75 to $71.1401 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F5Following 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) 69,999 time-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F6Following the transactions reported on this Form 4, Mr. Morhaime indirectly held, through the Michael Morhaime Revocable Trust, 401,354 shares of the Company's common stock.
- F7These securities are held by the Michael Morhaime Revocable Trust.
- F8These options were fully vested on November 13, 2017.
- F9The exercised options vested on November 12, 2017. The remaining options will vest on November 12, 2018.