KELLY BRIAN G - 13 Oct 2023 Form 4 Insider Report for Activision Blizzard, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 13 Oct 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Oct 2023, 16:09:23 UTC
Prior SEC filing: 28 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ Brian G. Kelly

Key filing fact

KELLY BRIAN G filed Form 4 for Activision Blizzard, Inc. on 16 Oct 2023.

Key facts

This page summarizes KELLY BRIAN G's Form 4 filing for Activision Blizzard, Inc..
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Oct 2023, 16:09.

Change

Previous filing in this sequence was filed on 28 Jun 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ATVI transaction

Common Stock, par value $0.000001 per share

Disposed to Issuer

Transaction value
Shares: -29,102
Change %: -100%
Price
Shares after: 0
Date: 13 Oct 2023
Ownership: Direct
Footnotes: F1, F2

ATVI transaction

Common Stock, par value $0.000001 per share

Disposed to Issuer

Transaction value
Shares: -574,721
Change %: -100%
Price
Shares after: 0
Date: 13 Oct 2023
Ownership: By ASAC TJKS LLC
Footnotes: F1, F3, F4

ATVI transaction

Common Stock, par value $0.000001 per share

Disposed to Issuer

Transaction value
Shares: -1
Change %: -100%
Price
Shares after: 0
Date: 13 Oct 2023
Ownership: By ASAC II LLC
Footnotes: F1, F3, F5

ATVI transaction

Common Stock, par value $0.000001 per share

Disposed to Issuer

Transaction value
Shares: -2
Change %: -100%
Price
Shares after: 0
Date: 13 Oct 2023
Ownership: By Delmonte Investments, LLC
Footnotes: F1, F3, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ATVI transaction Derivative

Employee Stock Options

Disposed to Issuer

Transaction value
Shares: -80,676
Change %: -100%
Price
Shares after: 0
Date: 13 Oct 2023
Ownership: Direct
Underlying class: Common Stock, par value $0.000001 per share
Underlying amount: 80,676
Exercise price: $28.71
Footnotes: F1, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

KELLY BRIAN G is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

On October 13, 2023, Issuer completed the previously announced transaction with Microsoft Corporation, a Washington corporation ("Microsoft"), pursuant to the Agreement and Plan of Merger, dated as of January 18, 2022 (as amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among Issuer, Microsoft and Anchorage Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Microsoft ("Merger Sub"), providing for the merger of Merger Sub with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Microsoft.

Footnote F2

Reflects the disposition pursuant to the Merger Agreement, as of the effective time of the Merger (the "Effective Time"), of the following Issuer securities for $95.00 in cash per share/unit: (a) 26,854 shares of common stock and (b) 2,248 restricted stock units that vested as of the Effective Time in accordance with their terms.

Footnote F3

Reflects the disposition pursuant to the Merger Agreement, as of the Effective Time, of shares of Issuer's common stock for $95.00 in cash per share.

Footnote F4

Reporting person manages ASAC TJKS LLC. Reporting person disclaims beneficial ownership of Issuer's common stock held by ASAC TJKS LLC except to the extent of reporting person's pecuniary interest therein.

Footnote F5

Reporting person and Robert A. Kotick are the managers of ASAC II LLC. Reporting person disclaims beneficial ownership of Issuer's common stock held by ASAC II LLC except to the extent of reporting person's pecuniary interest therein.

Footnote F6

Reporting person is a member and manager of Delmonte Investments, LLC.

Footnote F7

Reflects the disposition pursuant to the Merger Agreement, as of the Effective Time, of options that were fully vested as of the Effective Time in accordance with their terms, each for an amount in cash equal to $95.00 less the applicable option exercise price and any applicable withholding taxes.