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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Options | $ 34.59 | 11/13/2015 | A | 398,820 | (5) | 11/13/2025 | Common Stock, par value $0.000001 per share | 398,820 | $ 0 | 398,820 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hirshberg Eric C/O ACTIVISION PUBLISHING, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA, CA 90405 |
CEO, Activision Publishing |
/s/ Eric Hirshberg | 11/17/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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. |
(2) | 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. |
(3) | Mr. Hirshberg indirectly holds (through the Eric and Tara Hirshberg Revocable Trust) 52,695 shares of the Company's common stock. |
(4) | These securities are held by the Eric and Tara Hirshberg Revocable Trust. |
(5) | Two-third of these options vest on March 30, 2018 and one-third vests on March 30, 2019. |