Activision Blizzard, Inc. 4
4 · Activision Blizzard, Inc. · Filed Mar 10, 2016
Insider Transaction Report
Form 4
Sakhnini Humam
Chief Strategy & Talent Ofc
Transactions
- Award
Employee Stock Options
2016-03-08+79,252→ 79,252 total(indirect: By Trust)Exercise: $30.78Exp: 2026-03-08→ Common Stock, par value $0.000001 per share (79,252 underlying) - Award
Common Stock, par value $0.000001 per share
2016-03-08+52,794→ 229,240 total(indirect: By Trust)
Footnotes (4)
- [F1]This grant was for 52,794 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 42,235 shares of the Company's common stock. One-half of these restricted stock units vest on March 30, 2019 and the remaining one-half vest on March 30, 2020, in each case based upon the achievement of the performance metrics set forth in Mr. Sakhnini's employment agreement with the Company.
- [F2]Following the transactions reported on this Form 4, Mr. Sakhnini held, through the Sakhnini Family Trust (a) 55,177 shares of the Company's common stock and (b) 174,063 restricted stock units with vesting criteria tied to performance.
- [F3]Immediately after receiving them, Mr. Sakhnini transferred these securities to the Sakhnini Family Trust.
- [F4]One-half of these options vest on March 30, 2019 and the remaining one-half vest on March 30, 2020.