Blake Jorgensen - May 18, 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
COO & CFO
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Blake J Jorgensen
Stock symbol
EA
Transactions as of
May 18, 2021
Transactions value $
-$519,726
Form type
4
Date filed
5/19/2021, 05:20 PM
Previous filing
May 17, 2021
Next filing
May 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock +Options Exercise +3,450 +8.51% 44,000 May 18, 2021 Direct F1
transaction EA Common Stock -Tax liability -$231,050 -1,680 -3.82% $137.53 42,320 May 18, 2021 Direct F2
transaction EA Common Stock +Options Exercise +4,314 +10.19% 46,634 May 18, 2021 Direct F3
transaction EA Common Stock -Tax liability -$288,675 -2,099 -4.5% $137.53 44,535 May 18, 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 -3,450 -10.2% 30,376 May 18, 2021 Common Stock 3,450 Direct F1, F4
transaction EA Performance-based Restricted Stock Units -Other -30,376 -100% 0 May 18, 2021 Common Stock 30,376 Direct F1, F5
transaction EA Restricted Stock Units -Options Exercise -4,314 -100% 0 May 18, 2021 Common Stock 4,314 Direct F3, F6

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. 12% of the target number of Performance-Based Restricted Stock Units of the first tranche and the second tranche of this award vested based on actual performance and 16% of the target number of Performance-Based Restricted Stock Units of the third tranche of this award vested based on actual performance.
F5 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.
F6 This award was fully vested as of May 18, 2021.