Kotick Sells More Shares, Nets Another $17 Million

November 19, 2009

Activision CEO Bobby Kotick has sold another chunk of his stock options, benefiting from the stock rise after the enormous sales of Call of Duty: Modern Warfare 2 after one week.

Kotick, who netted about $20 million from selling options last week, sold another 1.68 million shares at around $11.61 to $11.72 a share. This was from the same pool of options that vested in 2000 for $1.035 a share. The resulting profit was around $17 million, according to a Gamasutra story.

In August, Kotick brought in another $25 million when he sold about 2 million shares.

GP: There was no indication whether Kotick blew his nose, or had a gold-encrusted bowel movement, but we'll keep watching just for loyal reader Darksaber.

Posted in
Buzz It

Comments

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by ZippyDSMlee on Thu, 11/19/2009 - 17:10.

And to think if  that money went into the company...it might not be having so many troubles....

Until lobbying is a hanging offense I choose anarchy! Stop supporting big media and furthering the criminalization of consumers!! http://zippydsmlee.wordpress.com/


I have a dream, break the chains of copy right oppression! http://zippydsmlee.wordpress.com/2011/12/31/what-is-cigital-disobedience/

 

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by Cerabret100 on Thu, 11/19/2009 - 12:57.

If he does, i'm really okay with not knowing. but i guess going that far for even just one reader is dedication...i think o_0.

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by DarkSaber on Thu, 11/19/2009 - 12:20.

Appreciated.

--------------------------------------------------

I LIKE the fence. I get 2 groups to laugh at then.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by John Keefer on Thu, 11/19/2009 - 12:22.

;)

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by DarkSaber on Thu, 11/19/2009 - 13:20.

I don't mean to bang on about it, but I am curious to know if he wipes his ass with dollar bills too.

--------------------------------------------------

I LIKE the fence. I get 2 groups to laugh at then.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by sharpshooterbabe on Fri, 11/20/2009 - 11:00.

Lol....probably does wipe his butt w/him. At least we all wish we had that amount of money... :)

 

 

"It's better to be hated for who you are, then be loved for who you are not." - Montgomery Gentry

"It's better to be hated for who you are, then be loved for who you are not." - Montgomery Gentry

Re: Kotick Sells More Shares, Nets Another $17 Million

Submitted by Cerabret100 on Thu, 11/19/2009 - 13:24.

most likely with Benjemins.  the numbers on those things count for comfort as well.

Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
DorthLous: Passed 1.5M$. And I'd also say that Brutal Legend is far from being a bad game. I just think it was a few levels under what people expected from the people working on the project.02/11/2012 - 8:25am
Technogeek: Brutal Legend wasn't bad so much as "marketing had no idea how the game actually played", causing it to suffer accordingly.02/10/2012 - 10:38pm
RedMage: It looks the CIA's website has been DDOS'ed. Anon?02/10/2012 - 7:52pm
RedMage: Brutal Legend.02/10/2012 - 7:52pm
ddrfr33k: Has anything Tim Schafer ever made been of crap caliber? I'm struggling to think of one...02/10/2012 - 7:37pm
Guamish: I think it is in good hands. Tim did a game for the GDC award show and that was fun for how short it was.02/10/2012 - 12:22pm
Andrew Eisen: It'll be tragic if the game ultimately sucks.02/10/2012 - 12:17pm
james_fudge: $1.3 million02/10/2012 - 11:32am
Uncharted NES: Germany Says It Won't Sign ACTA [Update: ... Yet]- http://tinyurl.com/7r2twrg02/10/2012 - 11:21am
Andrew Eisen: Damn. Double Fine's Kickstarter fund has already passed a million dollars.02/09/2012 - 8:16pm
Andrew Eisen: Audrey didn't quote the sassy parts. Here's IGN's article: http://wii.ign.com/articles/121/1218359p1.html And here's my original post: http://tinyurl.com/7y68a3902/09/2012 - 7:50pm
james_fudge: I hope you some said something sassy! Where's the link?02/09/2012 - 7:46pm
Andrew Eisen: Hey, neat. IGN quoted a blog I had writen only two hours earlier. I certainly timed that one pretty well.02/09/2012 - 7:38pm
Andrew Eisen: Toki Tori has been added to the Humble Bundle for Android.02/09/2012 - 5:11pm
james_fudge: Thanks for the heads-up DorthLous02/09/2012 - 4:33pm
DorthLous: Will do, my apologies.02/09/2012 - 4:14pm
Andrew Eisen: I appreciate the heads up but please keep typo alerts to the specific article's comments or PMs.02/09/2012 - 3:33pm
DorthLous: The title says 30, but in the article, the developer says it's like a 20% net tax http://www.gamepolitics.com/2012/02/09/developers-call-facebook-currency-transaction-fee-thirty-percent-tax02/09/2012 - 2:43pm
Uncharted NES: If they actually release Final Fantasy XI for PlayStation Vita, then I will consider buying one.02/09/2012 - 12:13pm
Uncharted NES: Customers Petition Apple to End Worker Abuse with 250,000 signatures- http://tinyurl.com/6vpuom202/09/2012 - 11:28am
All shouts

Be Heard - Contact Your Politician