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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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) 09/12/2011
	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	09/12/2011		M		600,000	A	$3.935	779,409	D
Common Stock, par value $0.000001 per share	09/12/2011		S		600,000	D	$11.479(1)	179,409	D
Common Stock, par value $0.000001 per share	09/13/2011		M		103,296	A	$3.935	282,705	D
Common Stock, par value $0.000001 per share	09/13/2011		S		103,296	D	$11.5867(2)	179,409	D
Common Stock, par value $0.000001 per share	09/13/2011		M		100,000	A	$3.8672	279,409	D
Common Stock, par value $0.000001 per share	09/13/2011		S		100,000	D	$11.5867(2)	179,409	D
Common Stock, par value $0.000001 per share	09/13/2011		M		679,374	A	$6.664	858,783	D
Common Stock, par value $0.000001 per share	09/13/2011		S		679,374	D	$11.5867(2)	179,409	D
Common Stock, par value $0.000001 per share	09/14/2011		M		83,364	A	$6.805	262,773	D
Common Stock, par value $0.000001 per share	09/14/2011		S		83,364	D	$11.8702(3)	179,409(5)	D
Common Stock, par value $0.000001 per share	09/14/2011		S		100,000	D	$12.09(4)	472,865(6)	I	See footnote.(7)

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
Employee Stock Options	$3.935	09/12/2011		M			600,000	(8)	04/08/2012	Common Stock, par value $0.000001 per share	600,000	$0	103,296	D
Employee Stock Options	$3.935	09/13/2011		M			103,296	(8)	04/08/2012	Common Stock, par value $0.000001 per share	103,296	$0	0	D
Employee Stock Options	$3.8672	09/13/2011		M			100,000	(9)	04/29/2014	Common Stock, par value $0.000001 per share	100,000	$0	0	D
Employee Stock Options	$6.664	09/13/2011		M			679,374	(10)	06/20/2015	Common Stock, par value $0.000001 per share	679,374	$0	0	D
Employee Stock Options	$6.805	09/14/2011		M			83,364	(11)	04/21/2016	Common Stock, par value $0.000001 per share	83,364	$0	0	D

Explanation of Responses:

1. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $11.45 to $11.5007 per share. Mr. Kelly has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.

2. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $11.50 to $11.755 per share. Mr. Kelly has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.

3. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $11.87 to $11.875 per share. Mr. Kelly has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.

4. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $12.09 to $12.095 per share. Mr. Kelly has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.

5. Includes 154,409 shares previously held indirectly by the Delaware limited partnership to which footnote 6 refers. Following the transactions reported on this Form 4, Mr. Kelly directly held (a) 154,409 shares of the Company's common stock and (b) 25,000 restricted stock units, each representing the right to receive a share of the Company's common stock.

6. Following the transactions reported on this Form 4, Mr. Kelly indirectly owns 472,865 shares of the Company's common stock, which are held by a Delaware limited partnership, 99% of the interests of which are held by a grantor retained annuity trust of which Mr. Kelly is the annuitant beneficiary and his wife, Joelle Kelly, is the trustee, and 1% of the interests of which are held by a Delaware limited liability corporation which serves as the general partner of the limited partnership.

7. These shares are held by the Delaware limited partnership to which footnote 6 refers.

8. These options to purchase shares of the Company's common stock were exercisable in full as of April 1, 2002.

9. These options to purchase shares of the Company's common stock were exercisable in full as of April 29, 2004.

10. These options to purchase shares of the Company's common stock were exercisable in full as of June 20, 2007.

11. These options to purchase shares of the Company's common stock were exercisable in full as of April 1, 2008.

Remarks:

	/s/ Brian G. Kelly	09/14/2011
	** Signature of Reporting Person	Date
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