Form 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
Kelly Brian G. Activision, Inc. (ATVI) to Issuer (Check all applicable)
__________________________________________ _____________________________________________ _X_ Director _X_ 10% Owner
_X_ Officer (give ___ Other (Specify
(Last) (First) (Middle) 3. IRS or Social 4. Statement for title below) below)
c/o Activision, Inc. Security Number Month/Year Co-Chairman
3100 Ocean Park Boulevard of Reporting Person May 2001
__________________________________________ (Voluntary) ______________________________________________________________
(Street)
5. If Amendment, Date of 7. Individual or Joint/Group Filing
Santa Monica California 90405 Original (Month/Year) (Check applicable line)
__________________________________________ _X_ Form Filed by One Reporting Person
(City) (State) (Zip) ___ Form Filed by More Than One
Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
5. Amount of
3. Trans- 4. Securities Acquired (A) Securities
2. Trans- action or Disposed of (D) Beneficially 6. Ownership
action Code (Instr. 3, 4 and 5) Owned at Form: 7. Nature of
Date (Instr. --------------------------- End of Direct(D) Indirect
(Month/ 8) (A) Month or Beneficial
1. Title of Security Day/ Amount or Price (Instr. Indirect(I) Ownership
(Instr.3) Year) (D) 3 and 4) (Instr. 4) (Instr. 4)
----------------------------- --------- ---------- -------- --- -------- ------------ ------------- ------------
Common Stock, par value
$.000001 per share 5/14/01 M 5,996 A $6.125
Common Stock, par value
$.000001 per share 5/14/01 S 5,996 D $28.06823
Common Stock, par value
$.000001 per share 5/14/01 M 34,004 A $6.00
Common Stock, par value
$.000001 per share 5/14/01 S 34,004 D $28.06823
Common Stock, par value
$.000001 per share 5/15/01 M 10,000 A $6.125
Common Stock, par value
$.000001 per share 5/15/01 S 10,000 D $27.29605
Common Stock, par value
$.000001 per share 5/16/01 M 31,100 A $6.125
Common Stock, par value
$.000001 per share 5/16/01 S 31,100 D $28.63309
Common Stock, par value
$.000001 per share 5/22/01 M 68,900 A $6.125
Common Stock, par value
$.000001 per share 5/22/01 S 68,900 D $29.85082
Common Stock, par value
$.000001 per share 5/23/01 M 50,000 A $6.125
Common Stock, par value
$.000001 per share 5/23/01 S 50,000 D $31.02636
Common Stock, par value
$.000001 per share 5/25/01 M 50,000 A $6.125
Common Stock, par value
$.000001 per share 5/25/01 S 50,000 D $34.01876 186,091 D
25,773 I (1)
* If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses) Page 1 of 2
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
2. Conver- 5. Number of Deriv- 6. Date Exercisable
sion or 3. Trans- 4. Trans- ative Securities and Expiration Date
Exercise action action Acquired (A) or (Month/Day/Year)
Price of Date Code Disposed of (D) -----------------------
Deriv- (Month/ (Instr. 8) (Instr. 3, 4, and 5) Date
1. Title of Derivative Security ative Day/ ----- ---- ----------------------- Exercis- Expiration
(Instr. 3) Security Year) Code V (A) (D) able Date
---------------------------------- ----------- ---------- ------------ ----------- ----------- ---------- ----------
Employee Stock Options $6.125 5/14/01 M 5,996 5/22/00(2) 5/22/10
Employee Stock Options $6.00 5/14/01 M 34,004 8/10/00 4/18/10
Employee Stock Options $6.125 5/15/01 M 10,000 5/22/00(2) 5/22/10
Employee Stock Options $6.125 5/16/01 M 31,100 5/22/00(2) 5/22/10
Employee Stock Options $6.125 5/22/01 M 68,900 5/22/00(2) 5/22/10
Employee Stock Options $6.125 5/23/01 M 50,000 5/22/00(2) 5/22/10
Employee Stock Options $6.125 5/25/01 M 50,000 5/22/00(2) 5/22/10
9. Number of 10. Ownership Form
Derivative of Deriv-
Securities ative
7. Title and Amount of Underlying Benefi- Security:
Securities (Instr. 3 and 4) cially Direct 11. Nature of
--------------------------------- 8. Price of Owned (D) or Indirect
Amount or Derivative at End Indirect Beneficial
1. Title of Derivative Title Number of Security of Month (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
---------------------- -------------------- --------- ------------- ------------- -------------- --------------
Employee Stock Options Common Stock 5,996 $6.125
Employee Stock Options Common Stock 34,004 $6.00
Employee Stock Options Common Stock 10,000 $6.125
Employee Stock Options Common Stock 31,100 $6.125
Employee Stock Options Common Stock 68,900 $6.125
Employee Stock Options Common Stock 50,000 $6.125
Employee Stock Options Common Stock 50,000 $6.125 2,948,486 D
Explanation of Responses:
(1) Includes 7,032 shares of Common Stock transferred by the reporting person to an irrevocable trust for the benefit of reporting
person's minor children. The reporting person does not exercise or share investment control over such shares. The reporting
person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the reporting
person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. Also includes 18,741 shares
held by Delmonte Investments LLC, of which the reporting person is a member.
(2) The options vested as to 250,000 shares on 5/22/00 and vest as to the remaining 750,000 shares in 36 equal monthly installments
beginning on 6/22/00.
/s/ Brian G. Kelly 6/6/01
**Intentional misstatements or omissions of facts constitute ------------------------------- ----------
Federal Criminal Violations. See 18 U.S.C. 1001 and **Signature of Reporting Person Date
15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2 of 2
SEC 1474 (8-92)