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Filing Details

Accession Number:: 0001104659-16-123061
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-05-24 19:34:26
Reporting Period:: 2016-05-20

Filing Date:: 2016-05-24
Accepted Time:: 2016-05-24 19:34:26
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-05-20	372,935	$0.00	1,518,016	No	4	A	Indirect	By Zelnick Media Corporation
Common Stock	Disposition	2016-05-20	27,578	$0.00	1,490,438	No	4	D	Indirect	By Zelnick Media Corporation
Common Stock	Disposition	2016-05-20	163,177	$36.20	1,327,261	No	4	S	Indirect	By Zelnick Media Corporation
Common Stock	Disposition	2016-05-20	162,373	$36.54	1,164,888	No	4	S	Indirect	By Zelnick Media Corporation
Common Stock	Disposition	2016-05-20	266,362	$0.00	898,526	No	4	J	Indirect	By Zelnick Media Corporation
Common Stock	Disposition	2016-05-20	22,178	$36.20	20,440	No	4	S	Direct
Common Stock	Disposition	2016-05-20	20,440	$36.51	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	By Zelnick Media Corporation
No	4	D	Indirect	By Zelnick Media Corporation
No	4	S	Indirect	By Zelnick Media Corporation
No	4	S	Indirect	By Zelnick Media Corporation
No	4	J	Indirect	By Zelnick Media Corporation
No	4	S	Direct
No	4	S	Direct

Footnotes

Represents the grant of 372,935 restricted units to ZelnickMedia Corporation ("ZelnickMedia") pursuant to the Restricted Unit Agreement entered into by ZelnickMedia and the Company on May 20, 2016. Includes 107,551 time-based restricted units that are scheduled to vest on April 1, 2018 and 265,384 performance-based restricted units that are scheduled to vest on April 1, 2018. Further information regarding the Restricted Unit Agreement and the restricted units, including the vesting schedule, is available in the Company's Registration Statement on Form S-3 filed with the Commission on May 20, 2016.
Represents 926,104 restricted units and 591,912 shares of Common Stock held directly by ZelnickMedia, of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein.
Represents the forfeiture of performance-based units previously granted to ZelnickMedia due to the failure to meet certain performance conditions.
Represents 898,526 restricted units and 591,912 shares of Common Stock held directly by ZelnickMedia, of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein.
On May 20, 2016, 591,912 restricted units previously granted to ZelnickMedia vested. These transactions were effected pursuant to a registration statement by certain selling stockholders, including ZelnickMedia, of which Mr. Slatoff is a partner, and were effected to satisfy the tax obligations of the partners of ZelnickMedia upon the vesting of restricted units previously granted to ZelnickMedia. The registration statement was filed with the Commission and was automatically declared effective on May 20, 2016. Such transactions are reported on separate lines due to the range of the sale price.
Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $35.96 to $36.345, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.
Represents 898,526 restricted units and 428,735 shares of Common Stock held directly by ZelnickMedia, of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein.
Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $36.35 to $37.34, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.
Represents 898,526 restricted units and 266,362 shares of Common Stock held directly by ZelnickMedia, of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein.
On May 20, 2016, 591,912 restricted units previously granted to ZelnickMedia vested and ZelnickMedia distributed a total of 266,362 shares received upon vesting to its employees, including 42,618 shares to Mr. Slatoff which shares Mr. Slatoff had previously indirectly beneficially owned through ZelnickMedia.
Represents 898,526 restricted units held directly by ZelnickMedia, of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZelnickMedia except to the extent of his pecuniary interest therein.
These transactions were effected pursuant to a registration statement by certain selling stockholders, including the Reporting Person. The registration statement was filed with the Commission and was automatically declared effective on May 20, 2016. Such transactions are reported on separate lines due to the range of the sale price.
Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $35.96 to $36.34, inclusive. Upon request, the Reporting Person undertakes to provide full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.
Mr. Slatoff received 42,618 shares pursuant to a distribution, as further described in Footnote (10) above, which receipt was exempt from Section 16 as such shares were previously held by Mr. Slatoff indirectly through ZelnickMedia.
Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $36.35 to $37.34, inclusive. Upon request, the Reporting Person undertakes to provide full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.