Reveta Bowers - Oct 13, 2023 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role: Director
Signature: /s/ Reveta Bowers
Stock symbol: ATVI
Transactions as of: Oct 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/16/2023, 04:04 PM
Previous filing: Jun 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATVI	Common Stock, par value $0.000001 per share	Disposed to Issuer		-22.8K	-100%		0	Oct 13, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Reveta Bowers is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On October 13, 2023, Issuer completed the previously announced transaction with Microsoft Corporation, a Washington corporation ("Microsoft"), pursuant to the Agreement and Plan of Merger, dated as of January 18, 2022 (as amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among Issuer, Microsoft and Anchorage Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Microsoft ("Merger Sub"), providing for the merger of Merger Sub with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Microsoft.
F2	Reflects the disposition pursuant to the Merger Agreement, as of the effective time of the Merger (the "Effective Time"), of the following Issuer securities for $95.00 in cash per share/unit: (a) 20,583 shares of common stock (including 19,833 shares held through the Bowers Family Trust of 2004, of which reporting person and her spouse are co-trustees sharing voting and investment power) and (b) 2,248 restricted stock units that vested as of the Effective Time in accordance with their terms.

Content

On October 13, 2023, Issuer completed the previously announced transaction with Microsoft Corporation, a Washington corporation ("Microsoft"), pursuant to the Agreement and Plan of Merger, dated as of January 18, 2022 (as amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among Issuer, Microsoft and Anchorage Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Microsoft ("Merger Sub"), providing for the merger of Merger Sub with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Microsoft.

Reflects the disposition pursuant to the Merger Agreement, as of the effective time of the Merger (the "Effective Time"), of the following Issuer securities for $95.00 in cash per share/unit: (a) 20,583 shares of common stock (including 19,833 shares held through the Bowers Family Trust of 2004, of which reporting person and her spouse are co-trustees sharing voting and investment power) and (b) 2,248 restricted stock units that vested as of the Effective Time in accordance with their terms.