Jesse Yang - Nov 4, 2021 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
Chief Accounting Officer
Signature
/s/ Jesse Yang
Stock symbol
ATVI
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
4
Date filed
11/8/2021, 06:04 PM
Previous filing
Jun 16, 2021
Next filing
Dec 1, 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 +1.69K +6.18% $0.00 29K Nov 4, 2021 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +1.69K +5.82% $0.00 30.6K Nov 4, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This grant was for 1,685 restricted stock units, each representing the right to receive one share of the Company's common stock. These restricted stock units will vest on December 15, 2024.
F2 This grant was for 1,685 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 2,107 shares of the Company's common stock. These shares will vest in three equal tranches on each of March 30, 2023, March 30, 2024, and March 30, 2025, in each case based upon the level of performance measured by reference to the Company's annual operating income objective for the prior year, as set forth in the Company's annual operating plan.
F3 Following the transactions reported on this Form 4, Mr. Yang held (a) 7,362 shares of the Company's common stock, (b) 3,702 restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 19,580 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 20,302 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, maximum performance for grants prior to December 9, 2020, and assumes target performance for any awards thereafter.