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ELECTRONIC ARTS INC. — Director's Dealing 2020
Jun 18, 2020
30015_dirs_2020-06-17_af5095a8-925c-41ab-9283-f749dd68db10.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: 2020-06-16
Reporting Person: Bilbey Matthew (EVP of Strategic Growth)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-06-16 | Performance-based Restricted Stock Units | $ | A | 43744 | Acquired | 2023-05-16 | Common Stock (43744) | Direct |
| 2020-06-16 | Restricted Stock Units | $ | A | 21872 | Acquired | 2023-05-16 | Common Stock (21872) | Direct |
Footnotes
F1: Each Performance-Based Restricted Stock Unit represents a contingent right to receive one share of Electronic Arts Inc. common stock.
F2: Represents the maximum number of shares of Electronic Arts Inc. common stock that may be awarded upon the achievement of performance conditions.
F3: 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 2019 Performance-Based Restricted Stock Unit Agreement filed as Exhibit 10.10 to the Company's Form 10-K filed with the SEC on May 20, 2020.
F4: Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock.
F5: Restricted Stock Units shall vest as to one-third on May 16, 2021, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2023.