As if Activision Blizzard's Modern Warfare 2's sales not only setting records but also causing arguments (more on that later), wasn't enough to cheer CEO Robert - Bobby - Kotick, his salary deal including regular share options will certainly have added to the general joy.
A new SEC document
has arrived that shows that on November 11th his options came into play once again. These enable him to get Activision Blizzard at a preferred rate and sell them at the market rate. Standard practice for executives and board members in big companies.
As an example, he got 50,000 shares at $1.0315 and sold 50,000 shares at $11.5107. As you can see from the document, this to-and-fro happened a few times yesterday resulting in a net gain of $20,191,806 and 85 cents before tax and other fees.
The SEC will declare other Acti/Blizz execs options as they happen.