Andrew Wilson - May 16, 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
Chief Executive Officer, Director
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Andrew Wilson
Stock symbol
EA
Transactions as of
May 16, 2021
Transactions value $
-$5,446,380
Form type
4
Date filed
5/17/2021, 06:21 PM
Previous filing
May 14, 2021
Next filing
May 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +13.4K +9.81% 150K May 16, 2021 By Family Trust F1
transaction EA Common Stock Tax liability -$769K -5.55K -3.71% $138.62 144K May 16, 2021 By Family Trust F2
transaction EA Common Stock Options Exercise +31.8K +22.08% 176K May 16, 2021 By Family Trust F3
transaction EA Common Stock Tax liability -$2.19M -15.8K -8.97% $138.62 160K May 16, 2021 By Family Trust F2
transaction EA Common Stock Options Exercise +22.7K +14.19% 183K May 17, 2021 By Family Trust F1
transaction EA Common Stock Tax liability -$1.56M -11.3K -6.16% $138.62 172K May 17, 2021 By Family Trust F2
transaction EA Common Stock Options Exercise +13.5K +7.88% 185K May 17, 2021 By Family Trust F3
transaction EA Common Stock Tax liability -$929K -6.71K -3.62% $138.62 178K May 17, 2021 By Family Trust 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 EA Performance-based Restricted Stock Units Options Exercise -13.4K -4.67% 273K May 16, 2021 Common Stock 13.4K Direct F1, F5, F6
transaction EA Performance-based Restricted Stock Units Other -47.7K -17.48% 225K May 16, 2021 Common Stock 47.7K Direct F1, F7
transaction EA Restricted Stock Units Options Exercise -31.8K -33.33% 63.6K May 16, 2021 Common Stock 31.8K Direct F3, F8
transaction EA Performance-based Restricted Stock Units Options Exercise -22.7K -20.9% 86K May 17, 2021 Common Stock 22.7K Direct F1, F6, F9
transaction EA Performance-based Restricted Stock Units Other -27K -31.45% 59K May 17, 2021 Common Stock 27K Direct F1, F10
transaction EA Restricted Stock Units Options Exercise -13.5K -33.33% 27K May 17, 2021 Common Stock 13.5K Direct F3, F11
* 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 Shares are held by the Wilson Family 2015 Trust. Mr. Wilson has investment control over, and pecuniary interest in, all shares held by the Wilson Family 2015 Trust.
F5 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.
F6 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.
F7 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, 34,360 Performance-Based Restricted Stock Units from this tranche were not cancelled and remain unearned as they can be earned in future periods.
F8 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.
F9 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.
F10 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, 4,328 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 541 Performance-Based Restricted Stock Units from the first tranche of this award.
F11 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.