Amended Statement of Changes in Beneficial Ownership (4/a)
24 November 2021 - 8:41AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Jorgensen Blake J |
2. Issuer Name and Ticker or Trading Symbol
ELECTRONIC ARTS INC.
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EA
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Chief Financial Officer |
(Last)
(First)
(Middle)
209 REDWOOD SHORES PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/18/2021 |
(Street)
REDWOOD CITY, CA 94065
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
11/22/2021 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/18/2021 | | M | | 27722 | A | (1) | 101181 | D | |
Common Stock | 11/18/2021 | | F | | 13161 (2) | D | $138.14 | 88020 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance-based Restricted Stock Units | (1) | 11/18/2021 | | M | | | 27722 | (3) | 11/18/2023 | Common Stock | 27722 | (1) | 126296 | D | |
Performance-based Restricted Stock Units | (1) | 11/18/2021 | | J | | | 38504 | (4) | 11/18/2023 | Common Stock | 38504 | (4) | 87792 | D | |
Explanation of Responses: |
(1) | Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date. |
(2) | Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award. |
(3) | Vesting of this award depends on EA's relative total stockholder return. 72% of the target number of Performance-Based Restricted Stock Units vested based on actual performance. |
(4) | Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 10,782 Performance-Based Restricted Stock Units from this tranche were not cancelled and remain unearned as they can be earned in future periods. |
Remarks: Amending Form 4 to correct an administrative error in Column 4 of Table I. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Jorgensen Blake J 209 REDWOOD SHORES PARKWAY REDWOOD CITY, CA 94065 |
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| EVP & Chief Financial Officer |
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Signatures
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/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Blake J Jorgensen | | 11/23/2021 |
**Signature of Reporting Person | Date |
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