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TAKE TWO INTERACTIVE SOFTWARE INC — Director's Dealing 2015
Jun 3, 2015
30046_dirs_2015-06-03_b08c5752-4713-4189-bba9-8392ac98e5fc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK: 0000946581
Period of Report: 2015-06-01
Reporting Person: Goldstein Lainie (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-06-01 | Common Stock | A | 64665 | — | Acquired | 590781 | Direct |
| 2015-06-03 | Common Stock | S | 21295 | $28.0401 | Disposed | 569486 | Direct |
Footnotes
F1: Represents the grant of 64,655 restricted units to Ms. Goldstein under the Take-Two Interactive Software, Inc. 2009 Stock Incentive Plan. Includes (i) 12,933 time-based restricted units that vest in three equal annual installments commencing on June 1, 2016 and (ii) 51,732 performance-based restricted units that vest in two equal annual installments commencing on June 1, 2017, subject to the satisfaction of certain performance criteria. The number of restricted units was determined based on the dollar value of the award and the average of the closing prices of the common stock on the ten trading days prior to June 1, 2015, the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.
F2: The number of shares of common stock that may be issued upon vesting of the performance-based units assumes the achievement of the maximum performance criteria (200% of target) established by the Issuer's Compensation Committee; however the actual number of such shares may range from zero to 51,732, with the number of shares at target performance equal to 25,866.
F3: This transaction was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F4: Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $28.01 to $28.06, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.