Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 23, 2014
arrowPress Releases
July 23, 2014
PR Newswire
View All





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:



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

Disruptive Games
Disruptive Games — Berkeley, California, United States
[07.23.14]

Disruptive Programmer
Disney Consumer Products
Disney Consumer Products — Glendale, California, United States
[07.23.14]

Contract Game Programmer
Zindagi Games
Zindagi Games — Camarillo, California, United States
[07.23.14]

Software Engineer
Telltale Games
Telltale Games — San Rafael, California, United States
[07.23.14]

Core Technology – Client Network Engineer










Comments


Fiore Iantosca
profile image
I hope he rewards his employees and treats them well.

Joseph Amper
profile image
Well, he's not going to do that out of his own cash out. but given the gross number, maybe they can try some new IPs

Andrew Dobbs
profile image
How can one person's work ever be worth 37 million dollars? It can't. Too bad shareholders can't set pay and compensation...all is left to the board, who are execs with other companies.

Joe Woynillowicz
profile image
-

Dr. Squirrel
profile image
one can only hope Mr. CEO is at least supporting a few charity organizations


none
 
Comment: