Jacob J. Schatz - Jun 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
Jun 16, 2021
Transactions value $
-$144,140
Form type
4
Date filed
6/17/2021, 08:45 PM
Previous filing
May 19, 2021
Next filing
Jul 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Sale -$144K -1K -4.43% $144.14 21.6K Jun 16, 2021 Direct F1

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 Award $0 +17.5K $0.00 17.5K Jun 16, 2021 Common Stock 17.5K Direct F2, F3, F4
transaction EA Restricted Stock Units Award $0 +17.5K $0.00 17.5K Jun 16, 2021 Common Stock 17.5K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Schatz on May 14, 2021.
F2 Each Performance-Based Restricted Stock Unit represents a contingent right to receive one share of Electronic Arts Inc. common stock.
F3 Represents the target number of shares of Electronic Arts Inc. common stock that may be awarded upon the achievement of performance conditions relating to EA's relative total stockholder return, net bookings and operating income. The actual number of such Performance-Based Restricted Stock Units that will vest will depend on EA's relative total stockholder return, net bookings and operating income for the performance period and will range from 0% to 200% of the target number of such Performance-Based Restricted Stock Units.
F4 Performance-Based Restricted Stock Units will vest subject to the terms and conditions of the grant agreement evidencing the award and the Company's 2019 Equity Incentive Plan. The performance conditions are described in the Form of Performance-Based Restricted Stock Unit Agreement filed as Exhibit 10.10 to the Company's Form 10-K filed with the SEC on May 26, 2021 and in the Company's Form 8-K filed with the SEC on May 25, 2021.
F5 Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock.
F6 Restricted Stock Units shall vest as to one-half on May 16, 2022, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2024.