Activision Blizzard (ATVI) Form 4 Activision Blizzard / ARMIN ZERZA 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^*

ZERZA ARMIN

(Last) (First) (Middle)

C/O ACTIVISION BLIZZARD, INC.

2701 OLYMPIC BOULEVARD, BUILDING B

(Street)

SANTA MONICA CA 90404

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2022

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	03/30/2022		F		6,300(1)	D	$80.36	203,536	D
Common Stock, par value $0.000001 per share	03/30/2022		F		535(2)	D	$80.36	203,001	D
Common Stock, par value $0.000001 per share	03/30/2022		F		522(3)	D	$80.36	202,479	D
Common Stock, par value $0.000001 per share	03/30/2022		F		411(4)	D	$80.36	201,363(5)	D
Common Stock, par value $0.000001 per share	03/31/2022		F		1,777(6)	D	$80.11	199,586(7)	D

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. On March 30, 2022, 16,474 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 6,300 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 2,082 performance-vesting restricted stock units under this award previously reported by Mr. Zerza at target performance did not vest and were forfeited.

2. On March 30, 2022, 1,078 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 535 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.

3. On March 30, 2022, 1,051 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 522 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.

4. On March 30, 2022, 828 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 411 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 99 performance-vesting restricted stock units under this award previously reported by Mr. Zerza at target performance did not vest and were forfeited.

5. An additional 606 performance-vesting restricted stock units previously reported by Mr. Zerza did not vest.

6. On March 31, 2022, 3,583 restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 1,777 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.

7. Following the transactions reported on this Form 4, Mr. Zerza held (a) 13,469 shares of the Company's common stock, (b) 163,378 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 22,739 restricted share units, each representing the right to receive one share 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 200,625 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant.

Remarks:

	/s/ Armin Zerza	04/01/2022
	** Signature of Reporting Person	Date
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