Activision Blizzard (ATVI) Form 4 Activision Blizzard / BRIAN G KELLY ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KELLY BRIAN G

(Last) (First) (Middle)

C/O ACTIVISION BLIZZARD, INC.

3100 OCEAN PARK BOULEVARD

(Street)

SANTA MONICA CA 90405

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Activision Blizzard, Inc. [ ATVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2018

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	02/21/2018		S		400,000	D	$71.0159(1)	1,692,352	I	By the 115190D Trust(2)
Common Stock, par value $0.000001 per share	02/21/2018		S		280,000	D	$70.98(3)	1,744,721	I	By ASAC TJKS LLC(4)
Common Stock, par value $0.000001 per share	02/22/2018		S		180,587	D	$69.9017(5)	1,511,765	I	By the 115190D Trust(2)
Common Stock, par value $0.000001 per share	02/22/2018		S		165,000	D	$70.0002(6)	1,579,721	I	By ASAC TJKS LLC(4)
Common Stock, par value $0.000001 per share	02/23/2018		S		419,413	D	$70.6836(7)	1,092,352	I	By the 115190D Trust(2)
Common Stock, par value $0.000001 per share	02/23/2018		S		255,000	D	$70.6049(8)	1,324,721	I	By ASAC TJKS LLC(4)
Common Stock, par value $0.000001 per share								8,101(9)	D
Common Stock, par value $0.000001 per share								1	I	By ASAC II LLC(10)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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

Explanation of Responses:

1. The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $70.22 to $71.81 per share. Mr. Kelly has provided 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. Mr. Kelly disclaims beneficial ownership of the Company's common stock held by the 115190D Trust except to the extent of his pecuniary interest therein.

3. The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $70.22 to $71.79 per share. Mr. Kelly has provided 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.

4. Mr. Kelly disclaims beneficial ownership of the Company's common stock held by ASAC TJKS LLC except to the extent of his pecuniary interest therein.

5. The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $69.60 to $70.33 per share. Mr. Kelly has provided 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.

6. The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $69.34 to $70.68 per share. Mr. Kelly has provided 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.

7. The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $70.00 to $72.06 per share. Mr. Kelly has provided 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.

8. The price in column 4 is a weighted average price. The prices actually received for the stock ranged from $70.00 to $72.07 per share. Mr. Kelly has provided 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.

9. Following the transactions reported on this Form 4, Mr. Kelly directly owns (a) 6,013 shares of the Company's common stock and (b) 2,088 restricted share units, each representing the right to receive one share of the Company's common stock.

10. Mr. Kelly and Robert A. Kotick are the managers of ASAC II LLC. Mr. Kelly disclaims beneficial ownership of the Company's common stock held by ASAC II LLC except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Brian G. Kelly	02/23/2018
	** Signature of Reporting Person	Date
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