4//SEC Filing
KOTICK ROBERT A 4
Accession 0001352027-21-000002
CIK 0000718877other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:09 PM ET
Size
13.1 KB
Accession
0001352027-21-000002
Insider Transaction Report
Form 4
KOTICK ROBERT A
DirectorPresident & CEO
Transactions
- Award
Common Stock, par value $0.000001 per share
2020-12-31+232,633→ 4,305,890 total - Award
Common Stock, par value $0.000001 per share
2020-12-31+107,701→ 4,073,257 total
Holdings
- 1(indirect: By LLC)
Common Stock, par value $0.000001 per share
- 4,800(indirect: By Children)
Common Stock, par value $0.000001 per share
- 2(indirect: By LLC)
Common Stock, par value $0.000001 per share
- 48,042(indirect: By GRATs)
Common Stock, par value $0.000001 per share
Footnotes (7)
- [F1]This grant of performance-vesting restricted stock units, representing the right to receive shares of the Company's common stock, was awarded by the Compensation Committee of the Company's Board of Directors on 12/31/20, as contemplated by the reporting person's five-year employment agreement with the Company dated 10/01/16, which was filed as an exhibit to the Company's Form 8-K dated 11/25/16. The number of shares reported assumes target performance over the four-year performance period; the actual number of shares that may be earned is based on the cumulative annual growth rate of the Company's total shareholder return over a four-year performance period from 01/01/17 through 12/31/20, and may range from 0 shares to 538,505 shares of the Company's common stock. Any shares earned over the four-year performance period will vest on 03/01/21, based on the actual level of performance achieved, subject to the reporting person's continued employment through that date.
- [F2]This grant of performance-vesting restricted stock units, representing the right to receive shares of the Company's common stock, was awarded by the Compensation Committee of the Company's Board of Directors on 12/31/20, as contemplated by the reporting person's five-year employment agreement. The number of shares reported assumes target performance over the five-year performance period; the actual number of shares that may be earned is based on the Company's cumulative operating income over a five-year performance period from 01/01/17 through 12/31/21, and may range from 0 shares to 348,950 shares of the Company's common stock. Any shares earned over the five-year performance period will vest on 03/31/22, based on the actual level of performance achieved, subject to the reporting person's continued employment through that date. This award is subject to immediate vesting if the terms set forth in Section 12 of the reporting person's employment agreement are met.
- [F3]Following the transactions reported on this Form 4, the reporting person held 2,354,236 shares of the Company's common stock. The reporting person also held 1,951,654 performance-vesting restricted stock units, each representing the right to receive shares 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 3,403,411 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 9/9/20 and, as will be the case with respect to the reporting person's future grants, assumes target performance for the 12/31/20 grants.
- [F4]The reporting person and Brian G. Kelly are the managers of ASAC II LLC. The reporting person disclaims beneficial ownership of the Company's common stock held by ASAC II LLC except to the extent of his pecuniary interest therein.
- [F5]The reporting person disclaims beneficial ownership of the Company's common stock held by these UTMAs except to the extent of his pecuniary interest therein.
- [F6]These shares are held by grantor retained annuity trusts for the benefit of the reporting persons's children, of which the reporting person is the trustee.
- [F7]Reflects shares of the Company's common stock indirectly beneficially owned through Delmonte Investments, LLC, of which the reporting person is a member and manager.
Documents
Issuer
Activision Blizzard, Inc.
CIK 0000718877
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001091423
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:09 PM ET
- Size
- 13.1 KB