SEC Form 4 · accession 0001352027-18-000060
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 12, 2018
Accepted (ET)
Nov 14, 2018 · 7:03 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 12, 2018 | A | 3,759 | $0.00 | A | 40,413 | 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 | $53.89 | Nov 12, 2018 | A | 5,391 | A | — | Nov 12, 2028 | Common Stock, par value $0.000001 per share | 5,391 | 5,391 | D |
Explanation of responses
- F1This grant was for 3,759 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 3,006 shares of the Company's common stock. The restricted stock units vest on March 30, 2022, based upon the level of performance measured by reference to the Company's operating income for 2019, 2020 and 2021.
- F2Following the transactions reported on this Form 4, Mr. Wereb held (a) 10,393 shares of the Company's common stock, and (b) 30,020 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 12, 2019, 2020 and 2021.