Statement of Changes in Beneficial Ownership (4)
May 19 2021 - 4:20PM
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.
[
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) COO & CFO |
(Last)
(First)
(Middle)
209 REDWOOD SHORES PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/18/2021 |
(Street)
REDWOOD CITY, CA 94065
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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 | 5/18/2021 | | M | | 3450 | A | (1) | 44000 | D | |
Common Stock | 5/18/2021 | | F | | 1680 (2) | D | $137.53 | 42320 | D | |
Common Stock | 5/18/2021 | | M | | 4314 | A | (3) | 46634 | D | |
Common Stock | 5/18/2021 | | F | | 2099 (2) | D | $137.53 | 44535 | 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) | 5/18/2021 | | M | | | 3450 | (4) | 5/18/2021 | Common Stock | 3450 | (1) | 30376 | D | |
Performance-based Restricted Stock Units | (1) | 5/18/2021 | | J | | | 30376 | (5) | 5/18/2021 | Common Stock | 30376 | (5) | 0 | D | |
Restricted Stock Units | (3) | 5/18/2021 | | M | | | 4314 | (6) | 5/18/2021 | Common Stock | 4314 | (3) | 0 | 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) | Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date. |
(4) | Vesting of this award depends on EA's relative total stockholder return. 12% of the target number of Performance-Based Restricted Stock Units of the first tranche and the second tranche of this award vested based on actual performance and 16% of the target number of Performance-Based Restricted Stock Units of the third tranche of this award vested based on actual performance. |
(5) | Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. |
(6) | This award was fully vested as of May 18, 2021. |
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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| COO & CFO |
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Signatures
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/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Blake J Jorgensen | | 5/19/2021 |
**Signature of Reporting Person | Date |
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