Activision Blizzard, Inc. 4
4 · Activision Blizzard, Inc. · Filed Nov 17, 2015
Insider Transaction Report
Form 4
Hirshberg Eric
CEO, Activision Publishing
Transactions
- Award
Common Stock, par value $0.00001 per share
2015-11-13+221,163→ 461,163 total - Award
Employee Stock Options
2015-11-13+398,820→ 398,820 totalExercise: $34.59Exp: 2025-11-13→ Common Stock, par value $0.000001 per share (398,820 underlying)
Holdings
- 52,695(indirect: See footnote)
Common Stock, par value $0.000001 per share
Footnotes (5)
- [F1]This grant was for 221,163 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number assumes maximum performance; target performance would result in a release of 176,930 shares of the Company's common stock. Two-thirds of the restricted stock units vest on March 30, 2018, based upon the level of performance measured by reference to Activision Publishing's operating income for 2016 and 2017; one-third of the restricted stock units vest on March 30, 2019, based upon the level of performance measured by reference to Activision Publishing's operating income for 2018.
- [F2]Following the transaction reported on this Form 4, Mr. Hirshberg directly holds 461,163 restricted stock units, all of which have vesting criteria tied to performance.
- [F3]Mr. Hirshberg indirectly holds (through the Eric and Tara Hirshberg Revocable Trust) 52,695 shares of the Company's common stock.
- [F4]These securities are held by the Eric and Tara Hirshberg Revocable Trust.
- [F5]Two-third of these options vest on March 30, 2018 and one-third vests on March 30, 2019.