SEC Form 4 · accession 0001352027-18-000022
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
Mar 12, 2018
Accepted (ET)
Mar 14, 2018 · 7:22 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 | Mar 12, 2018 | S | 21,488 | $77.1786 | D | 151,314 | D | |
| Common Stock, par value $0.000001 per share | Mar 14, 2018 | M | 50,000 | $11.73 | A | 201,314 | D | |
| Common Stock, par value $0.000001 per share | Mar 14, 2018 | S | 50,000 | $75.00 | D | 151,314 | D | |
| Common Stock, par value $0.000001 per shareF2,F3 | Mar 14, 2018 | F | 26,437 | $74.22 | D | 122,597 | 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 | $11.73 | Mar 14, 2018 | M | 50,000 | D | — | Mar 6, 2022 | Common Stock, par value $0.000001 per share | 50,000 | 50,000 | D |
Explanation of responses
- F1The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $77.17 to $77.24 per share. Mr. Durkin has provided 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.
- F2On March 14, 2018, 53,712 performance-vesting restricted stock units held by Mr. Durkin vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 26,437 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation. As the performance conditions underlying this restricted stock unit award were not achieved at the maximum level, 2,280 previously reported restricted stock units did not vest.
- F3Following the transactions reported on this Form 4, Mr. Durkin held (a) 112,329 shares of the Company's common stock and (b) 10,268 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
- F4These options were fully vested as of March 14, 2017.