Explanation of Responses: |
(1) | 3,056 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2022 subject to the level of achievement of operating income objective for Blizzard Entertainment, Inc. as set forth in the annual operating plan for 2019, 2020 and 2021. As a portion of the underlying performance period has ended, the number of shares reflects what will vest in respect of actual performance in respect of the ended periods and, for the remaining period, assumes target performance. If maximum performance is achieved, an aggregate of 3,288 shares of the Company's common stock will be released in respect of the award. |
(2) | 18,556 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2022 subject to the level of performance measured by reference to the Company's cumulative operating income for 2019, 2020 and 2021. The number reported assumes target performance; maximum performance would result in the release of 23,195 shares of the Company's common stock. |
(3) | 2,088 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2022 subject to the level of achievement of operating income objective for Blizzard Entertainment, Inc. as set forth in the annual operating plan for 2020, 2021 and 2022. As a portion of the underlying performance period has ended, the number of shares reflects what will vest in respect of actual performance in respect of the ended period and, for the remaining periods, assumes target performance. If maximum performance is achieved, an aggregate of 2,422 shares of the Company's common stock will be released in respect of the award. |
(4) | 15,232 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2023 subject to the level of performance measured by reference to the Company's cumulative operating income for 2020, 2021 and 2022. The number reported assumes target performance; maximum performance would result in the release of 19,040 shares of the Company's common stock. |
(5) | 17,784 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2023 subject to the level of achievement of operating income objective for Blizzard Entertainment, Inc. as set forth in the annual operating plan for 2021 and 2022. The number reported assumes target performance; maximum performance would result in the release of 22,230 shares of the Company's common stock. |
(6) | 15,573 of these shares represent restricted stock units, each representing the right to receive one share of the Company's common stock, which will vest on March 31, 2023. |
(7) | 1,816 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2024 subject to the level of achievement of operating income for Blizzard Entertainment, Inc. as set forth in its annual operating plan for 2021, 2022 and 2023. The number reported assumes target performance; maximum performance would result in the release of 2,270 shares of the Company's common stock. |
(8) | 13,089 of these shares represent performance-vesting restricted stock units which will vest on March 30, 2024 subject to the level of performance measured by reference to the Company's cumulative operating income for 2021, 2022 and 2023. The number reported assumes target performance; maximum performance would result in the release of 16,361 shares of the Company's common stock. |
(9) | Mr. Zerza holds 14,365 shares of the Company's common stock. |
(10) | These options fully vested on November 6, 2020. |
(11) | 49,142 of these options are vested and the remaining 32,760 options will vest on March 30, 2023. |
(12) | 3,412 of these options are vested and the remaining 1,705 options will vest on November 12, 2021. |
(13) | 1,310 of these options are vested and the remaining 2,620 options will vest in two equal installments on each of November 11, 2021 and 2022. |
(14) | 3,593 options will vest in three equal tranches on each of December 9, 2021, 2022 and 2023. |