Statement of Changes in Beneficial Ownership (4)
November 20 2019 - 5:41PM
Edgar (US Regulatory)
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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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
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1. Name and Address of Reporting Person
*
Moss Kenneth A |
2. Issuer Name and Ticker or Trading Symbol
ELECTRONIC ARTS INC.
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EA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Technology Officer |
(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)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/18/2019 | | M | | 3164 | A | (1) | 149123 (2) | D | |
Common Stock | 11/18/2019 | | F | | 1569 (3) | D | $97.54 | 147554 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 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 of Derivative Security: 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 |
Restricted Stock Units | (1) | 11/18/2019 | | M | | | 3164 | (4) | 5/18/2021 | Common Stock | 3164 | (1) | 9492 | D | |
Performance-based Restricted Stock Units | (5) | 11/18/2019 | | A | | 112946 (6) | | (7) | 11/18/2023 | Common Stock | 112946 (6) | $0 | 112946 (6) | 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) | Includes 11 shares of common stock acquired under the Electronic Arts' 2000 Employee Stock Purchase Plan on August 15, 2019. |
(3) | Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award. |
(4) | 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. |
(5) | Each Performance-Based Restricted Stock Unit represents a contingent right to receive one share of Electronic Arts Inc. common stock. |
(6) | Represents the maximum number of shares of Electronic Arts Inc. common stock that may be awarded upon the achievement of performance conditions. |
(7) | 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
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Moss Kenneth A 209 REDWOOD SHORES PARKWAY REDWOOD CITY, CA 94065 |
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| Chief Technology Officer |
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Signatures
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/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Kenneth A. Moss | | 11/20/2019 |
**Signature of Reporting Person | Date |
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