Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 25, 2017
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Kotick Sells More Activision Shares, Gains $17 Million
Kotick Sells More Activision Shares, Gains $17 Million
November 18, 2009 | By Leigh Alexander

November 18, 2009 | By Leigh Alexander
Comments
    5 comments
More: Console/PC



As Activision announces a $550 million five-day gross for Call of Duty: Modern Warfare 2, CEO Bobby Kotick is again exercising his stock options, selling 1.68 million shares for a total of about $17 million.

This is the second time in recent days Kotick has sold shares; last week, he netted himself $20 million on the day of Modern Warfare 2's launch.

A large quantity of stock vested for the CEO in 2000, when the options were valued at the comparatively meager price of $1.035 per share -- Kotick sold this latest round for prices ranging from from $11.61 to $11.72 per share, according to an SEC filing.

This August, when Activision was trading slightly higher, at $12.44, Kotick sold a volume of 2 million shares and brought in nearly $25 million gross.

Activision shares (NASDAQ: ATVI) rose slightly this morning to $11.78, alongside the company's announcement of Modern Warfare 2's five-day sales achievement -- although Kotick said at the same time that the company's still cautious about consumer spending heading into the holidays.


Related Jobs

Wevr
Wevr — Venice, California, United States
[04.24.17]

Generalist Engineer
Wavedash Games
Wavedash Games — Oakland, California, United States
[04.24.17]

Gameplay Engineer
Sanzaru Games Inc.
Sanzaru Games Inc. — Foster City, California, United States
[04.24.17]

Environment Artist
Thekla, Inc.
Thekla, Inc. — San Francisco, California, United States
[04.24.17]

Senior Level 3D Character Animator









Loading Comments

loader image