Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ELECTRONIC ARTS INC. Director's Dealing 2011

Jun 17, 2011

30015_dirs_2011-06-17_bff835b3-8a15-48b2-910e-1f90ce9bd61d.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ELECTRONIC ARTS INC. (ERTS)
CIK: 0000712515
Period of Report: 2011-06-16

Reporting Person: GIBEAU FRANK D (President, EA Games Label)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-06-16 Common Stock A 6333 Acquired 33765 Direct
2011-06-16 Common Stock F 2957 $22.72 Disposed 30808 Direct
2011-06-16 Common Stock F 1459 $22.72 Disposed 29349 Direct
2011-06-16 Common Stock A 3125 Acquired 32474 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-16 Performance-based Restricted Stock Units $ A 200000 Acquired 2014-05-16 Common Stock (200000) Direct
2011-06-16 Restricted Stock Units $ D 6333 Disposed 2012-06-16 Common Stock (6333) Direct
2011-06-16 Restricted Stock Units $ D 3125 Disposed 2012-06-16 Common Stock (3125) Direct
2011-06-16 Restricted Stock Units $ A 100000 Acquired 2014-05-16 Common Stock (100000) 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.