SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The tables below set forth, as of March 8, 2022 (unless otherwise indicated), certain information regarding beneficial ownership of Activision Blizzard common stock. Beneficial ownership is determined in accordance with SEC rules and includes voting or investment power with respect to securities. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the tables below have sole voting and investment power with respect to all shares of Activision Blizzard common stock that they beneficially own, subject to applicable community property laws. All shares of Activision Blizzard common stock subject to stock awards exercisable or scheduled to be issued within 60 days of March 8, 2022 are deemed to be outstanding and beneficially owned by the persons holding those stock awards for the purpose of computing the number of shares beneficially owned and the percentage ownership of that person. They are not, however, deemed to be outstanding and beneficially owned for the purpose of computing the percentage ownership of any other person.
Subject to the paragraph above, percentage ownership of outstanding shares is based on 779,280,726 shares of Activision Blizzard common stock outstanding as of March 8, 2022.
Ownership by Our Directors and Executive Officers
The following table sets forth information, as of March 8, 2022, with respect to the beneficial ownership of Activision Blizzard common stock by (1) Activision Blizzard’s named executive officers, (2) each director and each nominee for election as director and (3) all current executive officers and directors as a group. Unless otherwise noted, the persons named in the table have sole voting and investment power with respect to all shares shown as beneficially owned by such shareholder.
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Shares of Activision Blizzard Common Stock Beneficially Owned
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|
Name
|
| |
Shares
Owned (#) |
| |
Right to
Acquire(1) (#) |
| |
Total
Shares Owned plus Right to Acquire (#) |
| |
Percent of
Outstanding Shares(2) (%) |
| ||||||||||||
|
Daniel Alegre
|
| | | | 14,563(3) | | | | | | 171,005(4) | | | | | | 185,568 | | | | | | * | | |
|
Reveta Bowers
|
| | |
|
15,284(5)
|
| | | |
|
671(6)
|
| | | |
|
15,955
|
| | | |
|
*
|
| |
|
Brian Bulatao
|
| | | | — | | | | | | 15,747(7) | | | | | | 15,747 | | | | | | * | | |
|
Robert Corti
|
| | |
|
121,016(8)
|
| | | |
|
671(6)
|
| | | |
|
121,687
|
| | | |
|
*
|
| |
|
Grant Dixton
|
| | | | — | | | | | | — | | | | | | — | | | | | | * | | |
|
Dennis Durkin
|
| | | | 157,559 | | | | | | — | | | | | | 157,559 | | | | | | * | | |
|
Hendrik Hartong III
|
| | | | 38,393(9) | | | | | | 671(6) | | | | | | 39,064 | | | | | | * | | |
|
Brian Kelly
|
| | | | 1,155,420(10) | | | | | | 81,347(11) | | | | | | 1,236,767 | | | | | | * | | |
|
Robert Kotick
|
| | | | 4,296,550(12) | | | | | | 2,201,878(13) | | | | | | 6,498,428 | | | | | | * | | |
|
Barry Meyer
|
| | |
|
51,052(14)
|
| | | |
|
671(15)
|
| | | |
|
51,723
|
| | | |
|
*
|
| |
|
Robert Morgado
|
| | |
|
119,419(16)
|
| | | |
|
44,671(17)
|
| | | |
|
164,090
|
| | | |
|
*
|
| |
|
Claudine Naughton
|
| | | | — | | | | | | — | | | | | | — | | | | | | * | | |
|
Peter Nolan
|
| | |
|
220,778(18)
|
| | | |
|
671(6)
|
| | | |
|
221,449
|
| | | |
|
*
|
| |
|
Dawn Ostroff
|
| | | | 4,767 | | | | | | 671(6) | | | | | | 5,438 | | | | | | * | | |
|
Chris Walther
|
| | | | 39,684(19) | | | | | | — | | | | | | 39,684 | | | | | | * | | |
|
Casey Wasserman
|
| | |
|
23,059(20)
|
| | | |
|
671(6)
|
| | | |
|
23,730
|
| | | |
|
*
|
| |
|
Armin Zerza
|
| | | | — | | | | | | 76,369(21) | | | | | | 76,369 | | | | | | * | | |
|
All current directors and executive officers as a group
(14 persons) |
| | | | 6,060,301(22) | | | | | | 2,595,714(23) | | | | | | 8,656,014 | | | | | | 1.11% | | |
*
Less than 1%.
(1)
Consists of shares of Activision Blizzard common stock that may be acquired upon (a) the exercise of stock options to purchase shares of Activision Blizzard common stock that are exercisable on or within
60 days of March 8, 2022 (i.e., by May 7, 2022) and (b) the vesting of restricted share units reflecting the right to receive shares of Activision Blizzard common stock that vest or the settlement of vested restricted share units that settle, within 60 days of March 8, 2022 (i.e., by May 7, 2022).
(2)
The percent of outstanding shares was calculated by dividing the number of shares of Activision Blizzard common stock beneficially owned by each beneficial owner or group of beneficial owners as of March 8, 2022 (including the number of shares that each beneficial owner or group of beneficial owners had the right to acquire within 60 days of that date) by the sum of (a) the total number of shares of Activision Blizzard common stock outstanding on that date (i.e., 779,280,726) and (b) the number of shares that may be acquired by such beneficial owner or group of beneficial owners within 60 days of that date.
(3)
Does not reflect the sale of 14,563 shares of Activision Blizzard common stock by Mr. Alegre on March 14, 2022.
(4)
Consists of (a) options to purchase 137,879 shares of Activision Blizzard common stock and (b) 33,126 RSUs.
(5)
Consists of shares of Activision Blizzard common stock held by the Bowers Family Trust of 2004. Ms. Bowers and her husband, Bobbie S. Bowers, are co-trustees and share voting and investment power with respect to those securities.
(6)
Consists of RSUs.
(7)
Consists of options to purchase shares of Activision Blizzard common stock.
(8)
Consists of (a) 59,409 shares held by the Jo Ann Corti Revocable Trust and (b) 61,607 shares held by the Robert J. Corti Revocable Trust.
(9)
Consists of (a) 37,172 shares directly held by Mr. Hartong, (b) 1,000 shares held in a trust for Mr. Hartong’s son and (c) 221 shares indirectly held through the Susan Hartong Revocable Trust, as to which Mr. Hartong disclaims beneficial ownership.
(10)
Consists of (a) 21,555 shares directly held by Mr. Kelly, (b) 574,721 shares held by ASAC TJKS LLC, a limited liability company managed by Mr. Kelly, (c) one share held by ASAC II LLC, a limited liability company of which Messrs. Kelly and Kotick are the managers, as to which Mr. Kelly disclaims beneficial ownership except to the extent of his pecuniary interest therein, (d) 526,684 shares held by the 31427N Trust, of which Mr. Kelly is the trustee, as to which Mr. Kelly disclaims beneficial ownership, (e) 32,457 shares held by the Brian & Joelle Kelly Family Foundation, a charitable foundation of which Mr. Kelly is a trustee, as to which Mr. Kelly disclaims beneficial ownership and (f) two shares held indirectly by Delmonte Investments, LLC, of which Mr. Kelly is a member and manager.
(11)
Consists of (a) options to purchase 80,676 shares of Activision Blizzard common stock and (b) 671 RSUs.
(12)
Consists of (a) 3,924,881 shares of Activision Blizzard common stock held in the 10122B Trust, of which Mr. Kotick is the trustee and the sole beneficiary, (b) one share held by ASAC II LLC, a limited liability company of which Messrs. Kelly and Kotick are the managers, as to which Mr. Kotick disclaims beneficial ownership except to the extent of his pecuniary interest therein, (c) 371,666 shares held in the 1011 Foundation, Inc., a charitable foundation of which Mr. Kotick is the president, as to which Mr. Kotick disclaims beneficial ownership and (d) two shares held indirectly by Delmonte Investments, LLC, of which Mr. Kotick is a member and manager.
(13)
Consists of options to purchase shares of Activision Blizzard common stock.
(14)
Consists of (a) 25,525 shares held by The Barry Meyer Separate Property Trust, a trust for the benefit of Mr. Meyer’s wife and children of which Mr. Meyer is the trustee and (b) 25,527 shares held by The Barry and Wendy Meyer Trust, of which Mr. Meyer and his wife, Wendy Meyer, are co-trustees and share voting and investment power with respect thereto.
(15)
Consists of (a) 335 RSUs held by The Barry Meyer Separate Property Trust, a trust for the benefit of Mr. Meyer’s wife and children of which Mr. Meyer is the trustee and (b) 336 RSUs held by The Barry and Wendy Meyer Trust, of which Mr. Meyer and his wife, Wendy Meyer, are co-trustees and share voting and investment power with respect thereto.
(16)
Consists of (a) 79,928.32 shares of Activision Blizzard common stock held by Mr. Morgado and
(b) 39,490.68 shares held by the Robert J. and Mary Lou Morgado Charitable Trust, a charitable foundation of which Mr. Morgado is a trustee, as to which Mr. Morgado disclaims beneficial ownership.
(17)
Consists of (a) options to purchase 44,000 shares of Activision Blizzard common stock and (b) 671 RSUs.
(18)
Consists of (a) 85,721 shares of Activision Blizzard common stock held by Mr. Nolan, (b) 101,507 shares held by the Nolan Family Trust and (c) 33,550 shares held by MIROEL Investments, LLC, of which Mr. Nolan owns one percent and the remainder is split among three trusts for the benefit of Mr. Nolan’s children and the Nolan Family Trust.
(19)
Consists of shares held in the Walther-Stockton 2013 Family Trust. Mr. Walther and his wife, Susan Stockton, are co-trustees of the trust and share voting and investment power with respect to those securities.
(20)
Consists of (a) 23,054 shares of Activision Blizzard common stock held by the Casey Wasserman Living Trust and (b) 5.46 shares held by Mr. Wasserman’s wife.
(21)
Consists of (a) options to purchase 53,355 shares of Activision Blizzard common stock and (b) 23,014 RSUs.
(22)
Includes shares of Activision Blizzard common stock held indirectly by the individuals named in the table as described above, except for Messrs. Durkin and Walther, and Ms. Naughton, who served as executive officers during 2021, but are no longer employed by the Company.
(23)
Consists of (a) options to purchase 2,533,535 shares of Activision Blizzard common stock and (b) 62,179 RSUs.
Ownership of More than 5% of Activision Blizzard Common Stock
The following table sets forth information as to any person (including any “group” as that term is used in Section 13(d)(3) of the Exchange Act) known by us to be the beneficial owner of more than 5% of Activision Blizzard common stock. The information in the table is based on a review of filings made with the SEC on Schedules 13D and 13G and the assumption that each of the persons named in the table continued to own the number of shares reflected in the table on March 8, 2022. As of March 8, 2022, there were 779,280,726 shares of Activision Blizzard common stock outstanding.
|
Name and Address of Beneficial Owner
|
| |
Shares of
Activision Blizzard Beneficially Owned |
| |
Percent of
Outstanding Shares |
| ||||||
|
The Vanguard Group
100 Vanguard Boulevard Malvern, PA 19355 |
| | | | 64,883,729(1) | | | | | | 8.33% | | |
|
BlackRock, Inc.
55 East 52nd Street New York, NY 10055 |
| | | | 61,381,263(2) | | | | | | 7.88% | | |
|
Capital International Investors
333 South Hope Street, 55th Fl. Los Angeles, CA 90071 |
| | | | 41,106,446(3) | | | | | | 5.27% | | |
(1)
This information is based solely on a Schedule 13G/A filed with the SEC by The Vanguard Group, together with various of its direct and indirect subsidiaries, in their various fiduciary and other capacities, on February 9, 2022. The Vanguard Group reported that as of December 31, 2021, it had shared voting power over 1,242,933 shares of Activision Blizzard common stock, sole dispositive power over 61,739,820 shares of Activision Blizzard common stock, and shared dispositive power over 3,143,909 shares of Activision Blizzard common stock.
(2)
This information is based solely on a Schedule 13G/A filed with the SEC by BlackRock, Inc., together with various of its direct and indirect subsidiaries, in their various fiduciary and other capacities, on February 1, 2022. BlackRock, Inc. reported that as of December 31, 2021, it had sole voting power over 53,762,695 shares of Activision Blizzard common stock and sole dispositive power over 61,381,263 shares of Activision Blizzard common stock.
(3)
This information is based solely on a Schedule 13G/A filed with the SEC by Capital International Investors, together with various of its direct and indirect subsidiaries, in their various fiduciary and other capacities, on February 11, 2022. Capital International Investors reported that as of December 31, 2021, it had sole voting power over 40,617,875 shares of Activision Blizzard common stock and sole dispositive power over 41,106,446 shares of Activision Blizzard common stock.
