Activision Blizzard, Inc.
Activision Blizzard, Inc. (Form: 4, Received: 03/17/2017 17:52:25)
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
                                                                                  
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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)

3/15/2017
(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   3/15/2017     M    5000   A $11.54   27543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    5000   D $49.1783   (1) 22543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     M    2500   A $11.88   25043   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    2500   D $49.1783   (1) 22543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     M    1705   A $12.98   24248   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    1705   D $49.1783   (1) 22543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     M    3258   A $10.66   25801   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    3258   D $49.1783   (1) 22543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     M    8686   A $17.72   31229   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    8686   D $49.1783   (1) 22543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     M    7037   A $20.10   29580   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    7037   D $49.1783   (1) 22543   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     M    1438   A $34.59   23981   I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share   3/15/2017     S    1438   D $49.1783   (1) 22543   (2) I   Securites held by Mr. Morhaime's wife  
Common Stock, par value $0.000001 per share                  139999   (3) D  
 
Common Stock, par value $0.000001 per share                  369821   (4) I   See footnote.   (5)

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   $11.54   3/15/2017     M         5000      (6) 11/9/2019   Common Stock, par value $0.000001 per share   5000   $0   0   I   Securites held by Mr. Morhaime's wife  
Employee Stock Options   $11.88   3/15/2017     M         2500      (7) 11/8/2020   Common Stock, par value $0.000001 per share   2500   $0   0   I   Securites held by Mr. Morhaime's wife  
Employee Stock Options   $12.98   3/15/2017     M         1705      (8) 11/10/2021   Common Stock, par value $0.000001 per share   1705   $0   0   I   Securites held by Mr. Morhaime's wife  
Employee Stock Options   $10.66   3/15/2017     M         3258      (9) 11/9/2022   Common Stock, par value $0.000001 per share   3258   $0   0   I   Securites held by Mr. Morhaime's wife  
Employee Stock Options   $17.72   3/15/2017     M         8686      (10) 11/15/2023   Common Stock, par value $0.000001 per share   8686   $0   0   I   Securites held by Mr. Morhaime's wife  
Employee Stock Options   $20.10   3/15/2017     M         7037      (11) 11/14/2024   Common Stock, par value $0.000001 per share   7037   $0   3518   I   Securites held by Mr. Morhaime's wife  
Employee Stock Options   $34.59   3/15/2017     M         1438      (12) 11/13/2025   Common Stock, par value $0.000001 per share   1438   $0   2875   I   Securites held by Mr. Morhaime's wife  

Explanation of Responses:
( 1)  The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $49.17 to $49.22 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.
( 2)  Following the transactions reported on this Form 4, Mr. Morhaime indirectly holds, through his wife, (a) 12,861 shares of the Company's common stock and (b) 9,682 performance-based vesting restricted stock units, each representing the right to receive one share of the Company's common stock.
( 3)  Mr. Morhaime directly holds 139,999 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, 369,821 shares of the Company's common stock.
( 5)  These securities are held by the Michael Morhaime Revocable Trust.
( 6)  These options were fully exercisable as of November 9, 2012.
( 7)  These options were fullly exercisable as of November 8, 2013.
( 8)  These options were fully exercisable as of November 10, 2014.
( 9)  These options were fully exercisable as of November 9, 2015.
( 10)  These options were fully exercisable as of November 15, 2016.
( 11)  The exercised options were fully vested as of November 14, 2016. The remaining options will vest on November 14, 2017.
( 12)  The exercised options vested on November 13, 2016. One-half of the remaining options will vest on each of November 13, 2017 and 2018.

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 3/17/2017
** 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).
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