X0306 4 2016-11-07 0000718877 Activision Blizzard, Inc. ATVI 0001439532 Morhaime Michael C/O BLIZZARD ENTERTAINMENT 16215 ALTON PARKWAY IRVINE CA 92618 0 1 0 0 Pres. & CEO-Blizzard Ent. Common Stock, par value $0.000001 per share 2016-11-07 4 A 0 70000 0 A 276665 D Common Stock, par value $0.000001 per share 2016-11-07 4 A 0 1644 0 A 24473 I Securites held by Mr. Morhaime's wife Common Stock, par value $0.000001 per share 304470 I See footnote Employee Stock Options 41.09 2016-11-07 4 A 0 200000 0 A 2026-11-07 Common Stock, par value $0.000001 per share 200000 200000 D Employee Stock Options 41.09 2016-11-07 4 A 0 2756 0 A 2026-11-07 Common Stock, par value $0.000001 per share 2756 2756 I Securites held by Mr. Morhaime's wife This grant was for 70,000 restricted stock units, each representing the right to receive one share of the Company's common stock, one-third of which will vest on each of November 6, 2017, 2018 and 2019. Following the transactions reported on this Form 4, Mr. Morhaime directly held 276,665 restricted stock units, each representing the right to receive one share of the Company's common stock. This grant was for 1,644 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number assumes maximum performance; target performance would result in a release of 1,314 shares of the Company's common stock. The restricted stock units vest on March 30, 2020, based upon the level of performance measured by reference to the Company's operating income for 2017, 2018 and 2019. Following the transactions reported on this form 4, Mr. Morhaime indirectly holds, through his wife, (a) 9,656 shares of the Company's common stock and (b) 14,817 restricted stock units, each representing the right to receive one share of the Company's common stock, 9,682 of which have performance-based vesting. Mr. Morhaime indirectly holds (through the Michael Morhaime Revocable Trust) 304,470 shares of the Company's common stock. These securities are held by the Michael Morhaime Revocable Trust. One-third of these options vest on each of November 6, 2017, 2018 and 2019. One-third of these options vest on each of November 7, 2017, 2018 and 2019. /s/ Michael Morhaime 2016-11-09