Michael Sheresky - 10 Aug 2021 Form 4 Insider Report for TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)

Role
Director
Signature
/s/ Aaron Diamond, attorney-in-fact for Mr. Michael Sheresky
Issuer symbol
TTWO
Transactions as of
10 Aug 2021
Net transactions value
-$25,294
Form type
4
Filing time
12 Aug 2021, 17:03:59 UTC
Previous filing
03 Jun 2021
Next filing
15 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTWO Common Stock Award $0 +333 +0.55% $0.000000 61,421 10 Aug 2021 Direct F1
transaction TTWO Common Stock Sale $25,294 -159 -0.26% $159.08* 61,262 12 Aug 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of shares pursuant to a grant of restricted common stock pursuant to the Director compensation program (the "Program") and the Issuer's 2017 Stock Incentive Plan (the "Stock Plan"). The shares of restricted stock vest on the first anniversary of the Pricing Date (as defined below). As provided by the terms of the Program and the Stock Plan, (i) the grant date was August 10, 2021; and (ii) the number of shares were determined based on the dollar value of the award and the average of the closing prices of the common stock on the ten trading days prior to August 10, 2021 (the "Pricing Date"), the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person and was effected to satisfy the Reporting Person's tax obligations upon the vesting of previously granted shares of restricted stock.