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ELECTRONIC ARTS INC. — Director's Dealing 2011
Jun 17, 2011
30015_dirs_2011-06-17_3b12d3de-c3ea-48f4-a48a-ef0abb0827b0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ELECTRONIC ARTS INC. (ERTS)
CIK: 0000712515
Period of Report: 2011-06-16
Reporting Person: LINZNER JOEL (EVP Legal & Business Affairs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-06-16 | Common Stock | A | 2500 | — | Acquired | 104040 | Direct |
| 2011-06-16 | Common Stock | F | 1167 | $22.72 | Disposed | 102873 | Direct |
| 2011-06-16 | Common Stock | F | 2370 | $22.72 | Disposed | 100503 | Direct |
| 2011-06-16 | Common Stock | A | 5075 | — | Acquired | 105578 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-06-16 | Performance-based Restricted Stock Units | $ | A | 100000 | Acquired | 2014-05-16 | Common Stock (100000) | Direct |
| 2011-06-16 | Restricted Stock Units | $ | D | 2500 | Disposed | 2012-06-16 | Common Stock (2500) | Direct |
| 2011-06-16 | Restricted Stock Units | $ | D | 5075 | Disposed | 2012-06-16 | Common Stock (5075) | Direct |
| 2011-06-16 | Restricted Stock Units | $ | A | 50000 | Acquired | 2014-05-16 | Common Stock (50000) | Direct |
Footnotes
F1: Upon vesting, each restricted stock unit was converted into an equivalent number of shares of common stock.
F2: Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.
F3: Each performance-based restricted stock unit represents a contingent right to receive one share of Electronic Arts common stock.
F4: Represents the maximum number of shares of Electronic Arts common stock that may be awarded upon the achievement of certain performance targets.
F5: Performance-based restricted stock units will vest subject to the terms and conditions of the grant agreement evidencing the award and the Company's 2000 Equity Incentive Plan. The performance terms are described in the Form 8-K filed with the SEC on June 1, 2011, as well as the accompanying form of grant agreement.
F6: Each restricted stock unit represents a contingent right to receive one share of Electronic Arts common stock.
F7: Restricted stock units vest as to one-third on May 16, 2012; then vest as to an additional one-third on May 16, 2013, and then vest as to the remaining one-third on May 16, 2014.