Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
June 25, 2021
arrowPress Releases

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

Bobby Kotick Nets $20M In Stock Option Sale

Bobby Kotick Nets $20M In Stock Option Sale

November 13, 2009 | By Chris Remo

November 13, 2009 | By Chris Remo
More: Console/PC

The same day Activision released Infinity Ward's Call of Duty: Modern Warfare 2, CEO Bobby Kotick celebrated the game's record launch performance by exercising stock options that netted him more than $20 million.

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. Starting on Monday of this week, according to an SEC filing from Activision, Kotick sold 1,931,102 shares of that stock at prices ranging from $11.4304 to $11.5107.

With a stock price well over ten times what it was at the vesting date, Kotick grossed $22,183,738.56 from a stock option purchase of $1,991,931.71 -- netting a grand total of $20,191.806.85.

Activision's stock (NASDAQ: ATVI) has actually risen ever so slightly since that point, having closed at $11.69 the day this article was published.

It is of course not the first time the CEO has netted big money through stock options. This August, when Activision was trading slightly higher, at $12.44, he sold a volume of 2 million shares and brought in nearly $25 million gross.

Related Jobs

Zing Games Inc.
Zing Games Inc. — Naperville, Illinois, United States

Gameplay Programmer
Infinity Ward / Activision
Infinity Ward / Activision — Woodland Hills, California, United States

Expert Gameplay Engineer
Housemarque — Helsinki, Finland

Writer (contract)
Treyarch / Activision
Treyarch / Activision — Santa Monica, California, United States

Senior Technical Character Artist

Loading Comments

loader image