Filing Details

Accession Number:
0001104659-14-011993
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-20 21:33:42
Reporting Period:
2014-02-18
Filing Date:
2014-02-20
Accepted Time:
2014-02-20 21:33:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
946581 Take Two Interactive Software Inc TTWO Services-Prepackaged Software (7372) 510350842
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1427810 Karl Slatoff C/O Take-Two Interactive Software, Inc.
622 Broadway
New York NY 10012
President No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-02-18 2,009,075 $14.74 3,903,825 No 4 M Indirect By Zelnick Media Corporation
Common Stock Disposition 2014-02-18 1,451,656 $20.40 2,452,169 No 4 F Indirect By Zelnick Media Corporation
Common Stock Disposition 2014-02-19 282,904 $20.04 2,169,265 No 4 S Indirect By Zelnick Media Corporation
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Indirect By Zelnick Media Corporation
No 4 F Indirect By Zelnick Media Corporation
No 4 S Indirect By Zelnick Media Corporation
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Disposition 2014-02-18 2,009,075 $0.00 2,009,075 $14.74
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2007-09-27 2017-08-27 No 4 M Indirect
Footnotes
  1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by ZelnickMedia Corporation ("ZelnickMedia"). The transactions include (1) the exercise by ZelnickMedia, on a "net exercise" basis, of its stock options to acquire 2,009,075 shares of the Issuer's common stock originally granted under that certain Non-Qualified Stock Option Agreement, dated August 27, 2007, by and between the Issuer and ZelnickMedia, and (2) the sale of 282,904 shares of the Issuer's common stock acquired upon such exercise (the proceeds of which ZelnickMedia used to pay taxes incurred by ZelnickMedia resulting from such exercise).
  2. Represents a weighted average sales price; the sales prices ranged from $20.00 to $20.41. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer.
  3. Represents securities held directly by ZelnickMedia (such securities are not held individually by Mr. Slatoff). This Form 4 corrects the inadvertent inclusion of 900,000 shares of restricted common stock reported in the Reporting Person's Form 4s filed on November 5, 2012, April 4, 2013 and April 17, 2013, which shares were forfeited by ZelnickMedia in June 2012 because the price of the Issuer's common stock did not achieve its performance targets, as provided under in the Issuer's management agreement with ZelnickMedia. See the Issuer's Annual Report on Form 10-K filed on May 13, 2013 for further information. As a result of this clerical error, the Reporting Person's total common stock holdings has been reduced by 900,000 shares from the previously filed Form 4s.