Activision Blizzard, Inc.
Activision Blizzard, Inc. (Form: 4, Received: 06/15/2016 17:39:15)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Morhaime Michael
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.
(Last)          (First)          (Middle)

C/O BLIZZARD ENTERTAINMENT, 16215 ALTON PARKWAY
3. Date of Earliest Transaction (MM/DD/YYYY)

6/13/2016
(Street)

IRVINE, CA 92618
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   6/13/2016     M    163400   A $15.035   370065   D  
 
Common Stock, par value $0.000001 per share   6/13/2016     S    163400   D $37.7695   (1) 206665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     M    66667   A $20.10   273332   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     S    66667   D $38.2171   (2) 206665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     M    436600   A $15.035   643265   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     S    436600   D $38.2171   (2) 206665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     M    133334   A $17.72   339999   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     S    133334   D $38.2171   (2) 206665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     M    66666   A $12.98   273331   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     S    66666   D $38.2171   (2) 206665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     M    133333   A $10.66   339998   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     S    133333   D $38.2171   (2) 206665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     M    150000   A $11.88   356665   D  
 
Common Stock, par value $0.000001 per share   6/14/2016     S    150000   D $38.2171   (2) 206665   (3) D  
 
Common Stock, par value $0.000001 per share                  304470   (4) I   See footnote   (5)
Common Stock, par value $0.000001 per share                  22829   (6) I   Securites held by Mr. Morhaime's wife  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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   $15.035   6/13/2016     M         163400      (7) 7/9/2018   Common Stock, par value $0.000001 per share   163400   $0   436600   D  
 
Employee Stock Options   $20.10   6/14/2016     M         66667      (8) 11/14/2024   Common Stock, par value $0.000001 per share   66667   $0   133333   D  
 
Employee Stock Options   $15.035   6/14/2016     M         436600      (7) 7/9/2018   Common Stock, par value $0.000001 per share   436600   $0   0   D  
 
Employee Stock Options   $17.72   6/14/2016     M         133334      (9) 11/15/2023   Common Stock, par value $0.000001 per share   133334   $0   66666   D  
 
Employee Stock Options   $12.98   6/14/2016     M         66666      (10) 11/10/2021   Common Stock, par value $0.000001 per share   66666   $0   0   D  
 
Employee Stock Options   $10.66   6/14/2016     M         133333      (11) 11/9/2022   Common Stock, par value $0.000001 per share   133333   $0   0   D  
 
Employee Stock Options   $11.88   6/14/2016     M         150000      (12) 11/8/2020   Common Stock, par value $0.000001 per share   150000   $0   50000   D  
 

Explanation of Responses:
( 1)  The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $37.75 to $37.81 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 $38.00 to $38.56 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 directly held 206,665 restricted stock units, each representing the right to receive one share of the Company's common stock.
( 4)  Mr. Morhaime indirectly holds (through the Michael Morhaime Revocable Trust) 304,470 shares of the Company's common stock.
( 5)  These securities are held by the Michael Morhaime Revocable Trust.
( 6)  Mr. Morhaime indirectly holds, through his wife, (a) 9,656 shares of the Company's common stock and (b) 13,173 restricted stock units, each representing the right to receive one share of the Company's common stock, 8,038 of which have performance-based vesting.
( 7)  These options were fully vested on July 9, 2013.
( 8)  The exercised options vested on November 13, 2015; the remainder vest in equal installments on each of November 13, 2016 and November 13, 2017.
( 9)  The exercised options were fully vested on November 14, 2015; the remainder vest on November 14, 2016.
( 10)  These options were fully vested on November 9, 2014.
( 11)  These options were fully vested on November 8, 2015.
( 12)  The exercised options were fully vested on December 31, 2015; the remainder vest on December 31, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Morhaime Michael
C/O BLIZZARD ENTERTAINMENT
16215 ALTON PARKWAY
IRVINE, CA 92618


Pres. & CEO-Blizzard Ent.

Signatures
/s/ Michael Morhaime 6/15/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.