Form 4 for TTWO Take-Two Interactive
Accepted 2023-04-17 00:00:00 ET · period of report 2023-04-13 · accession 0001127602-23-013011 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-04-17 | 2023-04-13 | TTWO | Slatoff Karl | Pres | S - Sale | $122.12 | -68.4K | 262.7K | -21% | -$8.35M |
| I | 2023-04-17 | 2023-04-13 | TTWO | Slatoff Karl | Pres | J - Other | $0.00 | -65.7K | 197.0K | -25% | $0 |
| 2023-04-17 | 2023-04-13 | TTWO | Slatoff Karl | Pres | J - Other | $0.00 | +12.9K | 12.9K | New | $0 | |
| I | 2023-04-17 | 2023-04-13 | TTWO | Slatoff Karl | Pres | D - Sale to Iss | $0.00 | -41.0K | 331.0K | -11% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-04-13 | S | D | 3,059 | $121.13 | 327,970 | I By Zelnick Media Corporation | — | — | (F5) These transactions are reported on separate lines due to the range of the sale prices. (F6) On April 13, 2023, 134,016 restricted units previously granted to ZelnickMedia vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 7, 2022 by ZelnickMedia, including to satisfy the tax obligations of the partners of ZelnickMedia upon the vesting of such restricted units. (F7) Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $120.70 to $121.51, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer. |
| 2 | Common | Common Stock | 2023-04-13 | S | D | 61,392 | $122.12 | 266,578 | I By Zelnick Media Corporation | — | — | (F5) These transactions are reported on separate lines due to the range of the sale prices. (F6) On April 13, 2023, 134,016 restricted units previously granted to ZelnickMedia vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 7, 2022 by ZelnickMedia, including to satisfy the tax obligations of the partners of ZelnickMedia upon the vesting of such restricted units. (F8) Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $121.75 to $122.74, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer. |
| 3 | Common | Common Stock | 2023-04-13 | S | D | 3,900 | $122.87 | 262,678 | I By Zelnick Media Corporation | — | — | (F5) These transactions are reported on separate lines due to the range of the sale prices. (F6) On April 13, 2023, 134,016 restricted units previously granted to ZelnickMedia vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 7, 2022 by ZelnickMedia, including to satisfy the tax obligations of the partners of ZelnickMedia upon the vesting of such restricted units. (F9) Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $122.76 to $122.98, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer. |
| 4 | Common | Common Stock | 2023-04-13 | J | D | 65,665 | $0.00 | 197,013 | I By Zelnick Media Corporation | — | — | (F10) On April 13, 2023, 134,016 restricted units previously granted to ZelnickMedia vested. Following such vest, ZelnickMedia distributed a total of 65,665 shares received upon vesting to its employees, including 12,914 shares to Mr. Slatoff, which shares Mr. Slatoff had previously indirectly beneficially owned through ZelnickMedia. (F11) Represents 197,013 restricted units held directly by ZelnickMedia, of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein. |
| 5 | Common | Common Stock | 2023-04-13 | J | A | 12,914 | $0.00 | 12,914 | D | — | — | (F12) Mr. Slatoff received 12,914 shares pursuant to a distribution, as further described in Footnote (10) above, which receipt was exempt from Section 16 as such shares were previously held by Mr. Slatoff indirectly through ZelnickMedia. |
| 6 | Common | Common Stock | 2023-04-13 | D | D | 40,985 | $0.00 | 331,029 | I By Zelnick Media Corporation | — | — | (F1) EXPLANATORY NOTE: This Form 4 relates to (i) the vesting of 134,016 restricted units previously granted to ZelnickMedia Corporation ("ZelnickMedia") on April 13, 2021 under the Management Agreement, dated effective January 1, 2018, between the issuer and ZelnickMedia (the "Management Agreement"), and the sale of shares of Common Stock by ZelnickMedia, including in order to satisfy the tax obligations arising from such vesting, pursuant to a Rule 10b5-1 trading plan adopted on December 7, 2022 by ZelnickMedia, (ii) the forfeiture of 40,985 performance-based restricted units previously granted to ZelnickMedia on April 13, 2021 under the Management Agreement due to the failure to meet certain performance conditions, and (iii) the distribution by ZelnickMedia to certain of its employees of 65,665 shares of Common Stock received by ZelnickMedia upon such vesting in accordance with the customary historical practices of ZelnickMedia, in each case as further described below. (F2) Represents the forfeiture of 40,985 performance-based restricted units previously granted to ZelnickMedia on April 13, 2021 due to the failure to meet certain performance conditions. (F3) Represents 197,013 restricted units and 134,016 shares of Common Stock held directly by ZelnickMedia (in each case after giving effect to the forfeiture and vesting described in footnote (2) above and footnote (6) below), of which Mr. Slatoff is a partner (and such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein. |