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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 9/9/20 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 718877 |
| Issuer Name: Activision Blizzard, Inc. |
| Issuer Trading Symbol: ATVI |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1091423 |
| | Owner Name: KOTICK ROBERT A |
| Reporting Owner Address: |
| | Owner Street 1: C/O ACTIVISION BLIZZARD, INC. |
| | Owner Street 2: 3100 OCEAN PARK BOULEVARD |
| | Owner City: SANTA MONICA |
| | Owner State: CA |
| | Owner ZIP Code: 90405 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Executive Officer |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.000001 per share |
| | Transaction Date: |
| | | Value: 9/9/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 226,159 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,965,556 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, par value $0.000001 per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By ASAC II LLC |
| Footnote ID: F3 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, par value $0.000001 per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,800 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By UTMAs for the benefit of minor children |
| Footnote ID: F4 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, par value $0.000001 per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 48,042 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By GRATs |
| Footnote ID: F5 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, par value $0.000001 per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Delmonte Investments, LLC |
| Footnote ID: F6 |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: This grant of performance-vesting restricted stock units, representing the right to receive shares of the Company's common stock, was awarded by the Compensation Committee of the Company's Board of Directors on 9/9/20, as contemplated by the reporting person's five-year employment agreement with the Company dated 10/1/16, which was filed as an exhibit to the Company's Form 8-K dated 11/25/16. The number of shares reported assumes target performance over the four-year performance period; the actual number of shares that may be earned is based on the cumulative annual growth rate of the Company's total shareholder return over a four-year performance period from 1/1/17 through 12/31/20, and may range from 0 shares to 1,130,795 shares of the Company's common stock. Any shares earned over the four-year performance period will vest on 3/1/21, based on the actual level of performance achieved, subject to the reporting person's continued employment through that date. |
| Footnote - F2: Following the transactions reported on this Form 4 (including the distribution referred to in note 5 below), the reporting person held 2,354,236 shares of the Company's common stock. The reporting person also held 1,611,320 performance-vesting restricted stock units, each representing the right to receive shares of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 2,515,956 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, maximum performance for previous grants and, as will be the case with respect to the reporting person's future grants, assumes target performance for the 9/9/20 grant. |
| Footnote - F3: The reporting person and Brian G. Kelly are the managers of ASAC II LLC. The reporting person disclaims beneficial ownership of the Company's common stock held by ASAC II LLC except to the extent of his pecuniary interest therein. |
| Footnote - F4: Reflects the fact that the reporting person no longer has a reportable beneficial interest in 2,400 shares of the Company's common stock owned by the reporting person's adult child that were included in the reporting person's prior beneficial ownership reports. The reporting person disclaims beneficial ownership of the Company's common stock held by these UTMAs except to the extent of his pecuniary interest therein. |
| Footnote - F5: These shares are held by grantor retained annuity trusts for the benefit of the reporting person's children, of which the reporting person is the trustee. Reflects the distribution of 41,576 shares of the Company's common stock from the reporting person's grantor retained annuity trusts to the reporting person on March 2, 2020. |
| Footnote - F6: Reflects shares of the Company's common stock indirectly beneficially owned through Delmonte Investments, LLC, of which the reporting person is a member and manager. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Robert A. Kotick |
| Signature Date: 9/11/20 |
