Recently, Activision CEO Bobby Kotick sold stock options to the tune of $20 million but he hasn’t stopped there. The executive has sold another 1.68 million shares in his company, taking advantage of the average Activision Blizzard stock price of $11.66 a share.
The stock options were originally received by Kotick in 2000 for the price of little over $1 a share. His sale on November 13, 2009 netted him a profit of $17.6 million.
Now is probably a keen time to sell stock in Activision Blizzard, with expectations in the company soaring after Call of Duty: Modern Warfare 2 set a new entertainment launch record.
Update: Prior to this latest stock sale, Kotick owned 3,109,729 shares of Activision Blizzard, meaning his total is now down to about 1.43 million shares.
7 Comments
November 18, 2009
It would be good to know how many Total Shares Kotick owns in Activision. Is he selling a tiny overall percent of his shares? Or selling a ton of them.
November 18, 2009
Quback, I just updated the story.
November 18, 2009
So the answer is, he's selling a ton of his shares, but he still has another ton in reserve. :)
November 18, 2009
I am willing to bet his net worth is close to 100 million. Bobby, dig into the wallet and treat your staff to the In and Out truck for all their hard work! :-)
June 14, 2010
sayjee234, the receipt is a simple - job, job and job again... :) I think this man did not have good sleep a long time ago. Neagara car suggest wide list of tires, wheels, rims.
June 29, 2010
LukeSkywalker said he will be a jedy knight and he became him. Why can I become so rich as Bobby Kotick... ;)
July 10, 2010
It is possible, that they download software for windows and use it for.