Statement of Changes in Beneficial Ownership (4)

Date : 11/20/2019 @ 10:30PM
Source : Edgar (US Regulatory)
Stock : Electronic Arts Inc (EA)
Quote : 102.83  0.0 (0.00%) @ 5:00AM
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Last $ 102.83 ◊ 0.00 (0.00%)

Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Jorgensen Blake J
2. Issuer Name and Ticker or Trading Symbol

ELECTRONIC ARTS INC. [ EA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
COO & CFO
(Last)          (First)          (Middle)

209 REDWOOD SHORES PARKWAY
3. Date of Earliest Transaction (MM/DD/YYYY)

11/18/2019
(Street)

REDWOOD CITY, CA 94065
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/18/2019  M  4315 A (1)92490 D  
Common Stock 11/18/2019  F  2140 (2)D$97.54 90350 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)11/18/2019  M     4315   (3)5/18/2021 Common Stock 4315  (1)12943 D  
Performance-based Restricted Stock Units  (4)11/18/2019  A   154018 (5)    (6)11/18/2023 Common Stock 154018 (5)$0 154018 (5)D  

Explanation of Responses:
(1) Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
(2) Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
(3) This award has vested or will vest as to one-third of the Restricted Stock Units one month prior to the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in approximately equal increments every six months thereafter until the award is fully vested on May 18, 2021.
(4) Each Performance-Based Restricted Stock Unit represents a contingent right to receive one share of Electronic Arts Inc. common stock.
(5) Represents the maximum number of shares of Electronic Arts Inc. common stock that may be awarded upon the achievement of performance conditions.
(6) Performance-Based Restricted Stock Units will vest subject to the terms and conditions of the grant agreement evidencing the award and the Company's 2019 Equity Incentive Plan. The performance conditions are described in the Form of November 2019 Performance-Based Restricted Stock Unit Agreement filed as Exhibit 10.1 to the Company's Form 8-K filed with the SEC on November 12, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Jorgensen Blake J
209 REDWOOD SHORES PARKWAY
REDWOOD CITY, CA 94065


COO & CFO

Signatures
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Blake J Jorgensen11/20/2019
**Signature of Reporting PersonDate

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