Armin Zerza - May 6, 2021 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
Chief Financial Officer
Signature
/s/ Armin Zerza
Stock symbol
ATVI
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
4
Date filed
5/10/2021, 07:03 PM
Next filing
May 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +25.8K +25.4% $0.00 127K May 6, 2021 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +38.7K +30.38% $0.00 166K May 6, 2021 Direct F2
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +10.7K +6.47% $0.00 177K May 6, 2021 Direct F3, 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 ATVI Employee Stock Options Award $0 +124K $0.00 124K May 6, 2021 Common Stock, par value $0.000001 per share 124K $93.03 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This grant was for 25,798 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 32,248 shares of the Company's common stock. These restricted stock units will vest in two equal tranches each of March 31, 2024 and March 31, 2025, in each case measured by reference to the Company's total shareholder return.
F2 This grant was for 38,697 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 48,371 shares of the Company's common stock. These restricted stock units will vest in two equal tranches on each of March 31, 2024 and March 31, 2025, one-half based upon the level of performance measured by reference to the Company's operating income for the period from 2021 to 2023 and the second half based upon the level of performance measured by reference to the Company's operating income for the period from 2022 to 2024.
F3 This grant was for 10,749 restricted stock units, each representing the right to receive one share of the Company's common stock. The restricted stock units will vest in three equal tranches on each of March 31, 2022, 2023 and 2024.
F4 In addition, as permitted by his award agreements, the Compensation Committee changed the performance criteria underlying 24,744 performance-vesting restricted share units to be to the Company's operating income, rather than Blizzard Entertainment's. Following the transactions reported on this Form 4, Mr. Zerza held 14,365 shares of the Company's common stock, 136,116 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and 26,322 restricted share units, each representing the right to receive one share of the Company's common stock.
F5 These options will vest in two equal tranches each of March 31, 2024 and March 31, 2025, in each case, subject to Mr. Zerza's continued employment trough each applicable vesting period.