Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
KELLY BRIAN G
   2. Issuer Name and Ticker or Trading Symbol
ACTIVISION INC /NY [ATVI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Co-Chairman
(Last)
(First)
(Middle)
C/O ACTIVISION, INC., 3100 OCEAN PARK BOULEVARD		 3. Date of Earliest Transaction (Month/Day/Year)
12/14/2007
(Street)

SANTA MONICA, CA 90405		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options $ 13.08 (1) 12/14/2007   D     339,687   (2) 06/20/2015 Common Stock, par value $0.0001 per share 339,687 $ 0 (1) 0 D  
Employee Stock Options $ 13.328 (1) 12/14/2007   A   339,687     (3) 06/20/2015 Common Stock, par value $0.0001 per share 339,687 $ 0 (1) 339,687 D  
Employee Stock Options $ 6.9025 (1) 12/14/2007   D     351,648   (4) 04/08/2012 Common Stock, par value $0.0001 per share 351,648 $ 0 (1) 0 D  
Employee Stock Options $ 7.87 (1) 12/14/2007   A   351,648     (3) 04/18/2012 Common Stock, par value $0.0001 per share 351,648 $ 0 (1) 351,648 D  
Employee Stock Options $ 5.735 (1) 12/14/2007   D     1,400,000   (5) 07/22/2012 Common Stock, par value $0.0001 per share 1,400,000 $ 0 (1) 0 D  
Employee Stock Options $ 6.688 (1) 12/14/2007   A   1,400,000     (3) 07/22/2012 Common Stock, par value $0.0001 per share 1,400,000 $ 0 (1) 1,400,000 D  
Employee Stock Options $ 3.4792 (1) 12/14/2007   D     175,081   (6) 04/04/2011 Common Stock, par value $0.0001 per share 175,081 $ 0 (1) 0 D  
Employee Stock Options $ 6.542 (1) 12/14/2007   A   175,081     (3) 04/04/2011 Common Stock, par value $0.0001 per share 175,081 $ 0 (1) 175,081 D  
Employee Stock Options $ 3.4792 (1) 12/14/2007   D     700,309   (6) 04/04/2011 Common Stock, par value $0.0001 per share 700,309 $ 0 (1) 0 D  
Employee Stock Options $ 6.542 (1) 12/14/2007   A   700,309     (3) 04/04/2011 Common Stock, par value $0.0001 per share 700,309 $ 0 (1) 700,309 D  
Employee Stock Options $ 1.75 (1) 12/14/2007   D     3,626,460   (7) 03/23/2009 Common Stock, par value $0.0001 per share 3,626,460 $ 0 (1) 0 D  
Employee Stock Options $ 2.063 (1) 12/14/2007   A   3,626,460     (3) 03/23/2009 Common Stock, par value $0.0001 per share 3,626,460 $ 0 (1) 3,626,460 D  
Employee Stock Options $ 4.1667 (1) 12/14/2007   D     178,201   (8) 10/01/2011 Common Stock, par value $0.0001 per share 178,201 $ 0 (1) 0 D  
Employee Stock Options $ 5.29 (1) 12/14/2007   A   178,201     (3) 10/01/2011 Common Stock, par value $0.0001 per share 178,201 $ 0 (1) 178,201 D  
Employee Stock Options $ 5.29 (1) 12/14/2007   D     141,142   (3) 10/01/2011 Common Stock, par value $0.0001 per share 141,142 $ 0 (1) 37,059 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KELLY BRIAN G
C/O ACTIVISION, INC.
3100 OCEAN PARK BOULEVARD
SANTA MONICA, CA 90405		   X     Co-Chairman  

Signatures

 George L. Rose***   12/14/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The transactions reported herein as acquisitions and dispositions reflect adjustments to exercise prices of options previously issued to the reporting person following the redetermination of measurement dates and exercise prices previously reported by Activision in its Form 10-K/A for the fiscal year ended March 31, 2005.
(2) The option, which was granted on June 20, 2005, was exercisable in full as of June 20, 2007.
(3) As the original option (reported herein as a cancelled option) was exercisable in full on the date on which it was cancelled, the option as amended (reported herein as an option issued in replacement thereof) was exercisable in full on the date of amendment (reported herein as the date of grant).
(4) The option, which was granted on April 8, 2002, was exercisable in full as of the date of grant.
(5) The option, which was granted on July 22, 2002, was exercisable in full as of June 22, 2006.
(6) The option, which was granted on April 4, 2001, was exercisable in full as of May 3, 2001.
(7) The option, which was granted on March 23, 1999, was exercisable in full as of April 18, 2000.
(8) The option, which was granted on October 1, 2001, was exercisable in full as of the date of grant.
 
Remarks:
***George L. Rose was granted a power of attorney to sign all Forms 4 and 5 on behalf of the reporting person

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