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ELECTRONIC ARTS INC. Director's Dealing 2020

Nov 14, 2020

30015_dirs_2020-11-13_773d68fe-deb9-4811-a883-30fa96c77bd2.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ELECTRONIC ARTS INC. (EA)
CIK: 0000712515
Period of Report: 2020-11-11

Reporting Person: Hoag Jay C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-11-11 Common Stock M 11872 $33.60 Acquired 12232 Direct
2020-11-11 Common Stock S 11872.0 $118.7581 Disposed 360 Direct
2020-11-11 Common Stock S 498 $118.7581 Disposed 0 Indirect
2020-11-11 Common Stock S 498 $118.7581 Disposed 0 Indirect
2020-11-11 Common Stock S 1734 $118.7581 Disposed 0 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2020-11-11 Non-Qualified Stock Option (right to buy) $33.6 M 11872 Disposed 2024-07-31 Common Stock (11872) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 185359 Indirect
Common Stock 109380 Indirect

Footnotes

F1: These shares are directly held by Jay C. Hoag. Mr. Hoag has the sole voting and dispositive power over the shares; however, TCV Management 2004, L.L.C., TCV VI Management, L.L.C., and TCV VII Management, L.L.C. (the "Management Companies") collectively hold 100% of the pecuniary interest in 11,872 shares and Mr. Hoag holds the pecuniary interest in the remaining 360 shares. Mr. Hoag is a member of each of the Management Companies but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F2: The 11,872 shares sold were directly held by Jay C. Hoag. Mr. Hoag had sole voting and dispositive power over such shares; however, the Management Companies collectively held 100% of the pecuniary interest in the shares. Mr. Hoag is a member of each of the Management Companies but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Mr. Hoag holds the pecuniary interest in the remaining 360 shares that he holds directly.

F3: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $118.61 to $119.00 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: These shares are directly held by TCV Management 2004, L.L.C. ("TCM 2004"). Jay C. Hoag is a member of TCM 2004 but disclaims beneficial ownership of such shares except to the extent of his pecuinary interest therein.

F5: These shares are directly held by TCV VI Management, L.L.C. ("VI Management"). Jay C. Hoag is a member of VI Management but disclaims beneficial ownership of such shares except to the extent of his pecuinary interest therein.

F6: These shares are directly held by TCV VII Management, L.L.C. ("VII Management"). Jay C. Hoag is a member of VII Management but disclaims beneficial ownership of such shares except to the extent of his pecuinary interest therein.

F7: Jay C. Hoag is a trustee of The Hoag Family Trust U/A Dtd 8/2/94. Jay Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F8: Jay C. Hoag is the sole general partner and a limited partner of Hamilton Investments Limited Partnership. Jay Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F9: Option was fully vested at the time of exercise.

F10: These shares are directly held by Jay C. Hoag. Mr. Hoag has the sole voting and dispositive power over the shares; however, the Management Companies collectively hold 100% of the pecuniary interest in such shares. Mr. Hoag is a member of each of the Management Companies but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.