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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance-based Restricted Stock Units | (2) | 05/17/2016 | M | 50,000 | (3) | 05/17/2016 | Common Stock | 50,000 | (2) | 0 | D | ||||
Performance-based Restricted Stock Units | (2) | 05/16/2016 | M | 28,011 | (3) | 05/16/2017 | Common Stock | 28,011 | (2) | 28,011 (4) | D | ||||
Performance-based Restricted Stock Units | (2) | 05/16/2016 | J | 13,151 | (5) | 05/16/2018 | Common Stock | 13,151 | (5) | 114,115 | D | ||||
Performance-based Restricted Stock Units | (2) | 05/16/2016 | M | 29,271 | (6) | 05/16/2018 | Common Stock | 29,271 | (2) | 84,844 (4) | D | ||||
Restricted Stock Units | (1) | 05/17/2016 | M | 25,000 | (7) | 05/17/2016 | Common Stock | 25,000 | (1) | 0 | D | ||||
Restricted Stock Units | (1) | 05/16/2016 | M | 28,011 | (8) | 05/16/2017 | Common Stock | 28,011 | (1) | 28,011 | D | ||||
Restricted Stock Units | (1) | 05/16/2016 | M | 21,211 | (8) | 05/16/2018 | Common Stock | 21,211 | (1) | 42,422 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Soderlund Patrick 209 REDWOOD SHORES PARKWAY REDWOOD CITY, CA 94065 |
EVP, EA Studios |
By: Deborah Berenjfoorosh, Attorney-in-Fact For: Patrick Soderlund | 05/18/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date. |
(2) | Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date. |
(3) | Vesting of this award depends on EA's relative total stockholder return. 200% of the target number of Performance-Based Restricted Stock Units vested based on actual performance. |
(4) | Represents the number of Performance-Based Restricted Stock Units that could vest based on the maximum level of achievement. The actual vesting of this award depends on EA's relative total stockholder return. |
(5) | Represents the portion of Performance-Based Restricted Stock Units unearned and cancelled in accordance with their terms. |
(6) | Vesting of this award depends on EA's relative total stockholder return. 138% of the target number of Performance-Based Restricted Stock Units vested based on actual performance. |
(7) | This award was fully vested as of May 17, 2016. |
(8) | This award has vested or will vest as to one-third of the restricted stock units on the 11-month, 23-month and 35-month anniversaries of the date of grant. |