Jacob J. Schatz - May 16, 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
General Counsel & Corp Sect'y
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For Jacob J. Schatz
Stock symbol
EA
Transactions as of
May 16, 2021
Transactions value $
-$814,808
Form type
4
Date filed
5/17/2021, 06:17 PM
Next filing
May 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +1.48K +10.71% 15.3K May 16, 2021 Direct F1
transaction EA Common Stock Tax liability -$71.3K -514 -3.35% $138.62 14.8K May 16, 2021 Direct F2
transaction EA Common Stock Options Exercise +5.3K +35.75% 20.1K May 16, 2021 Direct F3
transaction EA Common Stock Tax liability -$254K -1.83K -9.11% $138.62 18.3K May 16, 2021 Direct F2
transaction EA Common Stock Options Exercise +4.54K +24.83% 22.8K May 17, 2021 Direct F1
transaction EA Common Stock Tax liability -$303K -2.19K -9.58% $138.62 20.7K May 17, 2021 Direct F2
transaction EA Common Stock Options Exercise +2.7K +13.09% 23.4K May 17, 2021 Direct F3
transaction EA Common Stock Tax liability -$186K -1.34K -5.74% $138.62 22K May 17, 2021 Direct F2

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 EA Performance-based Restricted Stock Units Options Exercise -1.48K -4.66% 30.3K May 16, 2021 Common Stock 1.48K Direct F1, F4, F5
transaction EA Performance-based Restricted Stock Units Other -5.3K -17.48% 25K May 16, 2021 Common Stock 5.3K Direct F1, F6
transaction EA Restricted Stock Units Options Exercise -5.3K -33.33% 10.6K May 16, 2021 Common Stock 5.3K Direct F3, F7
transaction EA Performance-based Restricted Stock Units Options Exercise -4.54K -20.89% 17.2K May 17, 2021 Common Stock 4.54K Direct F1, F5, F8
transaction EA Performance-based Restricted Stock Units Other -5.41K -31.44% 11.8K May 17, 2021 Common Stock 5.41K Direct F1, F9
transaction EA Restricted Stock Units Options Exercise -2.7K -33.33% 5.41K May 17, 2021 Common Stock 2.7K Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date.
F2 Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
F3 Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
F4 Vesting of this award depends on EA's relative total stockholder return. 28% of the target number of Performance-Based Restricted Stock Units vested from the first tranche of this award based on actual performance.
F5 Represents the number of Performance-Based Restricted Stock Units that could vest based on the maximum level of achievement. The actual vesting of this award depends on EA's relative total stockholder return.
F6 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 3,818 Performance-Based Restricted Stock Units from this tranche were not cancelled and remain unearned as they can be earned in future periods.
F7 This award has vested or will vest as to one-third of the Restricted Stock Units one month prior to the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2023.
F8 Vesting of this award depends on EA's relative total stockholder return. 84% of the target number of Performance-Based Restricted Stock Units vested from the second tranche of this award based on actual performance.
F9 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 866 Performance-Based Restricted Stock Units from the second tranche of this award were not cancelled and remain unearned as they can be earned in future periods along with 109 Performance-Based Restricted Stock Units from the first tranche of this award.
F10 This award has vested or will vest as to one-third of the Restricted Stock Units one month prior to the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in approximately equal increments every six months thereafter until the award is fully vested on May 17, 2022.