SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* ZERZA ARMIN (Last) (First) (Middle) C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD (Street) SANTA MONICA CA 90405 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/14/2021	3. Issuer Name and Ticker or Trading Symbol Activision Blizzard, Inc. [ ATVI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.000001 per share	101,559(1)(2)(3)(4)(5)(6)(7)(8)(9)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options	(10)	11/06/2027	Common Stock, par value $0.000001 per share	4,636	60.87	D
Employee Stock Options	(11)	03/14/2028	Common Stock, par value $0.000001 per share	81,902	74.22	D
Employee Stock Options	(12)	11/12/2028	Common Stock, par value $0.000001 per share	5,117	53.89	D
Employee Stock Options	(13)	11/11/2029	Common Stock, par value $0.000001 per share	3,930	52.52	D
Employee Stock Options	(14)	12/09/2030	Common Stock, par value $0.000001 per share	3,593	82.58	D

Explanation of Responses:

1. 3,056 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2022 subject to the level of achievement of operating income objective for Blizzard Entertainment, Inc. as set forth in the annual operating plan for 2019, 2020 and 2021. As a portion of the underlying performance period has ended, the number of shares reflects what will vest in respect of actual performance in respect of the ended periods and, for the remaining period, assumes target performance. If maximum performance is achieved, an aggregate of 3,288 shares of the Company's common stock will be released in respect of the award.

2. 18,556 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2022 subject to the level of performance measured by reference to the Company's cumulative operating income for 2019, 2020 and 2021. The number reported assumes target performance; maximum performance would result in the release of 23,195 shares of the Company's common stock.

3. 2,088 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2022 subject to the level of achievement of operating income objective for Blizzard Entertainment, Inc. as set forth in the annual operating plan for 2020, 2021 and 2022. As a portion of the underlying performance period has ended, the number of shares reflects what will vest in respect of actual performance in respect of the ended period and, for the remaining periods, assumes target performance. If maximum performance is achieved, an aggregate of 2,422 shares of the Company's common stock will be released in respect of the award.

4. 15,232 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2023 subject to the level of performance measured by reference to the Company's cumulative operating income for 2020, 2021 and 2022. The number reported assumes target performance; maximum performance would result in the release of 19,040 shares of the Company's common stock.

5. 17,784 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2023 subject to the level of achievement of operating income objective for Blizzard Entertainment, Inc. as set forth in the annual operating plan for 2021 and 2022. The number reported assumes target performance; maximum performance would result in the release of 22,230 shares of the Company's common stock.

6. 15,573 of these shares represent restricted stock units, each representing the right to receive one share of the Company's common stock, which will vest on March 31, 2023.

7. 1,816 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2024 subject to the level of achievement of operating income for Blizzard Entertainment, Inc. as set forth in its annual operating plan for 2021, 2022 and 2023. The number reported assumes target performance; maximum performance would result in the release of 2,270 shares of the Company's common stock.

8. 13,089 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2024 subject to the level of performance measured by reference to the Company's cumulative operating income for 2021, 2022 and 2023. The number reported assumes target performance; maximum performance would result in the release of 16,361 shares of the Company's common stock.

9. Mr. Zerza holds 14,365 shares of the Company's common stock.

10. These options fully vested on November 6, 2020.

11. 49,142 of these options are vested and the remaining 32,760 options will vest on March 30, 2023.

12. 3,412 of these options are vested and the remaining 1,705 options will vest on November 12, 2021.

13. 1,310 of these options are vested and the remaining 2,620 options will vest in two equal installments on each of November 11, 2021 and 2022.

14. 3,593 options will vest in three equal tranches on each of December 9, 2021, 2022 and 2023.

Remarks:

	/s/ Armin Zerza	04/22/2021
	** Signature of Reporting Person	Date
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