Kotick Robert A - Oct 13, 2023 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
Chief Executive Officer, Director
Signature
/s/ Robert A. Kotick
Stock symbol
ATVI
Transactions as of
Oct 13, 2023
Transactions value $
$0
Form type
4
Date filed
10/16/2023, 04:22 PM
Previous filing
Feb 13, 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 -2.68M -100% 0 Oct 13, 2023 Direct F1, F2
transaction ATVI Common Stock, par value $0.000001 per share Disposed to Issuer -1.25M -100% 0 Oct 13, 2023 Through Wholly-Owned Entity F1, F2
transaction ATVI Common Stock, par value $0.000001 per share Disposed to Issuer -1 -100% 0 Oct 13, 2023 By ASAC II LLC F1, F2, F3
transaction ATVI Common Stock, par value $0.000001 per share Disposed to Issuer -2 -100% 0 Oct 13, 2023 By Delmonte Investments, LLC F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ATVI Employee Stock Options Disposed to Issuer -191K -100% 0 Oct 13, 2023 Common Stock, par value $0.000001 per share 191K $62.51 Direct F1, F5
transaction ATVI Employee Stock Options Disposed to Issuer -925K -100% 0 Oct 13, 2023 Common Stock, par value $0.000001 per share 925K $50.85 Direct F1, F5
transaction ATVI Employee Stock Options Disposed to Issuer -1.09M -100% 0 Oct 13, 2023 Common Stock, par value $0.000001 per share 1.09M $47.08 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kotick Robert A 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 shares of Issuer's common stock for $95.00 in cash per share.
F3 Reporting person and Brian G. Kelly are the managers of ASAC II LLC, and reporting person disclaims beneficial ownership of Issuer's common stock held by ASAC II LLC except to the extent of his pecuniary interest therein.
F4 Reflects shares of Issuer's common stock indirectly beneficially owned through Delmonte Investments, LLC, of which reporting person is a member and manager.
F5 Reflects the disposition pursuant to the Merger Agreement, as of the Effective Time, of options that were fully vested as of the Effective Time in accordance with their terms, each for an amount in cash equal to $95.00 less the applicable option exercise price and any applicable withholding taxes.