SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Morhaime Michael

(Last) (First) (Middle)
C/O BLIZZARD ENTERTAINMENT
16215 ALTON PARKWAY

(Street)
IRVINE CA 92618

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Activision Blizzard, Inc. [ ATVI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres. & CEO-Blizzard Ent.
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.000001 per share 02/20/2018 M 66,666 A $20.1 303,060 D
Common Stock, par value $0.000001 per share 02/20/2018 S 66,666 D $71.0667(1) 236,394 D
Common Stock, par value $0.000001 per share 02/20/2018 M 66,667 A $34.59 303,061 D
Common Stock, par value $0.000001 per share 02/20/2018 S 66,667 D $71.0667(1) 236,394 D
Common Stock, par value $0.000001 per share 02/20/2018 M 32,018 A $41.09 268,412 D
Common Stock, par value $0.000001 per share 02/20/2018 S 32,018 D $71.0667(1) 236,394 D
Common Stock, par value $0.000001 per share 02/20/2018 M 3,518 A $20.1 26,956 I Securities held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share 02/20/2018 S 3,518 D $71.0315(2) 23,438 I Securities held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share 02/20/2018 M 1,438 A $34.59 24,876 I Securities held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share 02/20/2018 S 1,438 D $71.0315(2) 23,438 I Securities held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share 02/20/2018 M 919 A $41.09 24,357 I Securities held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share 02/20/2018 S 919 D $71.0315(2) 23,438(3) I Securities held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share 02/21/2018 M 34,649 A $41.09 271,043 D
Common Stock, par value $0.000001 per share 02/21/2018 S 34,649 D $70.8229(4) 236,394(5) D
Common Stock, par value $0.000001 per share 401,354(6) I See footnote(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options $20.1 02/20/2018 M 66,666 (8) 11/14/2024 Common Stock, par value $0.000001 per share 66,666 $0 0 D
Employee Stock Options $34.59 02/20/2018 M 66,667 (9) 11/13/2025 Common Stock, par value $0.000001 per share 66,667 $0 66,666 D
Employee Stock Options $41.09 02/20/2018 M 32,018 (10) 11/07/2026 Common Stock, par value $0.000001 per share 32,018 $0 167,982 D
Employee Stock Options $20.1 02/20/2018 M 3,518 (11) 11/14/2024 Common Stock, par value $0.000001 per share 3,518 $0 0 I Securites held by Mr. Morhaime's wife
Employee Stock Options $34.59 02/20/2018 M 1,438 (12) 11/13/2025 Common Stock, par value $0.000001 per share 1,438 $0 1,437 I Securites held by Mr. Morhaime's wife
Employee Stock Options $41.09 02/20/2018 M 919 (13) 11/07/2026 Common Stock, par value $0.000001 per share 919 $0 1,837 I Securites held by Mr. Morhaime's wife
Employee Stock Options $41.09 02/21/2018 M 34,649 (14) 11/07/2026 Common Stock, par value $0.000001 per share 34,649 $0 133,333 D
Explanation of Responses:
1. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $71.00 to $71.22 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
2. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $71.01 to $71.07 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
3. Following the transactions reported on this form 4, Mr. Morhaime indirectly held, through his wife, (a) 12,861 shares of the Company's common stock and (b) 10,577 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
4. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $70.75 to $71.1401 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
5. Following the transactions reported on this Form 4, Mr. Morhaime directly held (a) 166,395 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (b) 69,999 time-vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
6. Following the transactions reported on this Form 4, Mr. Morhaime indirectly held, through the Michael Morhaime Revocable Trust, 401,354 shares of the Company's common stock.
7. These securities are held by the Michael Morhaime Revocable Trust.
8. These options were fully vested on November 13, 2017.
9. The exercised options vested on November 12, 2017. The remaining options will vest on November 12, 2018.
10. The exercised options vested on November 6, 2017. One-half of the remaining unvested options will vest on each of November 6, 2018 and 2019.
11. These options were fully vested on November 14, 2017.
12. The exercised options vested on November 13, 2017. The remaining options will vest on November 13, 2018.
13. The exercised options vested on November 7, 2017. One-half of the remaining options vest on each of November 7, 2018 and 2019.
14. The exercised options vested on November 6, 2017. One-half of the remaining options will vest on each of November 6, 2018 and 2019.
Remarks:
/s/ Michael Morhaime 02/22/2018
** Signature of Reporting Person Date
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