Grant Michael Dixton - Nov 4, 2021 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role: Chief Legal Officer
Signature: /s/ Grant M. Dixton
Stock symbol: ATVI
Transactions as of: Nov 4, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/8/2021, 06:05 PM
Previous filing: Aug 9, 2021
Next filing: Jul 1, 2022

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	+14.7K	+13.08%	$0.00	127K	Nov 4, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This grant was for 14,656 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 18,320 shares of the Company's common stock. These restricted stock units will vest on March 30, 2025, based upon the level of performance measured by reference to the Company's cumulative operating income for the years 2022, 2023, and 2024.
F2	Following the transactions reported on this Form 4, Mr. Dixton held (a) 24,900 restricted stock units, and (b) 101,808 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 127,261 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grants.

Content

This grant was for 14,656 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 18,320 shares of the Company's common stock. These restricted stock units will vest on March 30, 2025, based upon the level of performance measured by reference to the Company's cumulative operating income for the years 2022, 2023, and 2024.

Following the transactions reported on this Form 4, Mr. Dixton held (a) 24,900 restricted stock units, and (b) 101,808 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 127,261 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grants.