Sections

Kotick exercises stock options worth $20 million

Modern Warfare 2 launch week provides Activision boss with hefty pay-day

Activision CEO Robert Kotick has exercised options on just over 1.93 million shares this week, allowing him to buy them at a price of USD 1.03 and sell them at between USD 11.43-11.54 each.

The initial options, which dated from April 18, 2000, cost just under USD 2 million to purchase, while generating USD 22.2 million when sold, leaving the publishing boss USD 20,194,957 better off.

Meanwhile, one of the company's directors - Brian Kelly - also exercised options which he acquired in 2004 and 2006, costing USD 5.1 million and selling for USD 15.6 million - the balance being USD 10.5 million.

Both moves came on Wednesday, a day after the global launch of Infinity Ward-developed Modern Warfare 2, which the company has estimated grossed USD 310 million in the UK and US markets on its first day on sale.

Related stories

Tesco games exec joins Activision

Jon Hayes new channel controller at COD publisher

By Rachel Weber

Destiny: The Taken King breaks PlayStation download record

Expansion is most downloaded day-one game on Sony consoles

By Rachel Weber

Latest comments (1)

Alex Wright-Manning Senior Talent Acquisition Specialist, Datascope7 years ago
Oh Bobby, you are a one aren't you? And people say you're out of touch with the modern games consumer? :) Buying Infinity Ward was the best $5 million Activision ever spent methinks.
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.