OMB APPROVAL OMB Number:3235-0145 Expires: August 31, 1999 Estimated average burden hours per response 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) Activision, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 004930202 (CUSIP Number) April 7, 2000 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /___/ Rule 13d-1(b) / X / Rule 13d-1(c) /___/ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Potential persons who are to 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 1745 (3-98) Page 1 of 10
CUSIP No. 004930202 13G Page 2 of 10 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Eastbourne Capital Management, L.L.C. - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ X / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES * BENEFICIALLY --------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 4,284,700 REPORTING --------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH * --------------------------------------- 8 SHARED DISPOSITIVE POWER 4,284,700 - ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,284,700 - ---------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.8 - ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) IA - ----------------------------------------------------------------
CUSIP No. 004930202 13G Page 3 of 10 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Richard Jon Barry - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ X / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ---------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES * BENEFICIALLY --------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 4,284,700 REPORTING --------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH * --------------------------------------- 8 SHARED DISPOSITIVE POWER 4,284,700 - ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,284,700 - ---------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.8 - ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) IN - ----------------------------------------------------------------
CUSIP No. 004930202 13G Page 4 of 10 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Black Bear Offshore Fund Limited - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ X / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ---------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY --------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 2,094,800 REPORTING --------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH --------------------------------------- 8 SHARED DISPOSITIVE POWER 2,094,800 - ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,094,800 - ---------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.2 - ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) CO - ----------------------------------------------------------------
CUSIP No. 004930202 13G Page 5 of 10 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Black Bear Fund I, L.P. - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ X / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ---------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES * BENEFICIALLY --------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 1,659,600 REPORTING --------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH * --------------------------------------- 8 SHARED DISPOSITIVE POWER 1,659,600 - ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,659,600 - ---------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.5 - ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) PN - ----------------------------------------------------------------
CUSIP No. 004930202 13G Page 6 of 10 Pages ITEM 1. (a) The name of the issuer is Activision, Inc. (the "Issuer"). (b) The principal executive office of the Issuer is located at 3100 Ocean Park Boulevard; Santa Monica, CA 90405. ITEM 2. (a) The names of the persons filing this statement are Eastbourne Capital Management, L.L.C. ("Eastbourne"), Richard Jon Barry, Black Bear Offshore Fund Limited ("Black Bear Offshore") and Black Bear Fund I, L.P. ("Black Bear I") (collectively, the "Filers"). (b) The principal business office of the Filers is located at 1101 Fifth Avenue, Suite 160, San Rafael, CA 94901. (c) See Item 4 of the cover sheet for each Filer. (d) This statement relates to shares of common stock of the Issuer (the "Stock"). (e) The CUSIP number of the Stock is 004930202.
CUSIP No. 004930202 13G Page 7 of 10 Pages ITEM 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ___ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ___ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ___ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ___ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) ___ An investment adviser in accordance with 240.13d- 1(b)(1)(ii)(E). (f) ___ An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) ___ A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (h) ___ A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) ___ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) X Group, in accordance with section 240.13d-1(b)(1)(ii)(J)
CUSIP No. 004930202 13G Page 8 of 10 Pages ITEM 4. OWNERSHIP See Items 5-9 and 11 on the cover page for each Filer. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following /___/. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Eastbourne is a registered investment adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. Mr. Barry is the controlling owner of Eastbourne. Other than Black Bear Offshore and Black Bear I, no individual client's holdings of the Stock are more than five percent of the outstanding Stock.
CUSIP No. 004930202 13G Page 9 of 10 Pages ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP See Item 2(a) of this Schedule. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: April 18, 2000 BLACK BEAR OFFSHORE FUND LIMITED By: Eastbourne Capital Management, L.L.C. Attorney-in-Fact /s/ Eric M. Sippel Eric M. Sippel Chief Operating Officer EASTBOURNE CAPITAL MANAGEMENT, L.L.C. /s/ Eric M. Sippel BLACK BEAR FUND I, L.P. By: Eric M. Sippel By: Eastbourne Capital Management, L.L.C. Chief Operating Officer General Partner /s/ Richard J. Barry /s/ Eric M. Sippel Richard J. Barry Eric M. Sippel Chief Operating Officer
CUSIP No. 004930202 13G Page 10 of 10 Pages EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13D OR 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases by the undersigned of the common stock of Activision, Inc. For that purpose, the undersigned hereby constitute and appoint Eastbourne Capital Management, L.L.C., a California limited liability company, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present. DATED: April 18, 2000 SIGNATURES BLACK BEAR OFFSHORE FUND LIMITED By: Eastbourne Capital Management, L.L.C. Attorney-in-Fact /s/ Eric M. Sippel Eric M. Sippel Chief Operating Officer EASTBOURNE CAPITAL MANAGEMENT, L.L.C. /s/ Eric M. Sippel BLACK BEAR FUND I, L.P. By: Eric M. Sippel By: Eastbourne Capital Management, L.L.C. Chief Operating Officer General Partner /s/ Richard J. Barry /s/ Eric M. Sippel Richard J. Barry Eric M. Sippel Chief Operating Officer ETR\5419\009\1096276.01