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 *
Griffith Michael J
  2. Issuer Name and Ticker or Trading Symbol
Activision Blizzard, Inc. [ATVI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres&CEO-Activision Publishing
(Last)
(First)
(Middle)
C/O ACTIVISION PUBLISHING, INC., 3100 OCEAN PARK BOULEVARD
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2008
(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
Common Stock, par value $0.000001 per share 08/04/2008   M   591,113 A $ 12.84 773,122 D  
Common Stock, par value $0.000001 per share 08/04/2008   M   75,000 A $ 13.61 848,122 D  
Common Stock, par value $0.000001 per share 08/04/2008   S   666,113 D $ 33.2299 182,009 D  
Common Stock, par value $0.000001 per share 08/04/2008   S   28,167 D $ 33.2299 153,842 (1) D  

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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 $ 12.84 08/04/2008   M     591,113   (2) 06/15/2015 Common Stock, par value $0.000001 per share 591,113 $ 0 742,221 D  
Employee Stock Options $ 13.61 08/04/2008   M     75,000   (3) 04/21/2016 Common Stock, par value $0.000001 per share 75,000 $ 0 50,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Griffith Michael J
C/O ACTIVISION PUBLISHING, INC.
3100 OCEAN PARK BOULEVARD
SANTA MONICA, CA 90405
      Pres&CEO-Activision Publishing  

Signatures

 /s/ Michael J. Griffith   08/06/2008
**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) Following the transactions reported on this Form 4, Mr. Griffith held (a) 103,842 restricted shares of the Company's common stock and (b) 50,000 restricted stock units representing the conditional right to receive the Company's common stock.
(2) This option to purchase 1,333,334 shares of the Company's common stock consists of three tranches. A tranche consisting of options to purchase 400,000 shares will vest in full on June 15, 2009. One-third of a tranche to purchase 466,667 shares vested on June 30, 2008 and the remaining options in that tranche will vest in full on June 15, 2009. One-third of a tranche to purchase 466,667 shares vested on each of June 30, 2007 and June 30, 2008, respectively, following the Company's satisfaction of corporate operating income targets established by the Compensation Commmittee of the Board of Directors for the fiscal year ended March 31, 2007 and March 31, 2008, and the remaining options in that tranche will vest in full on June 15, 2009 (subject to possible earlier acceleration in connection with the Company's satisfaction of corporate operating income targets for the Company's fiscal year 2009).
(3) One-fourth of the grant of options to purchase 125,000 shares of the Company's common stock vested on May 15, 2007 following the Company's satisfaction of corporate operating income targets established by the Compensation Committee of the Board of Directors for the fiscal year ended March 31, 2007 and 35% of the grant vested on May 15, 2008 following the Company's satisfaction of corporate operating income targets established by the Compensation Committee of the Board of Directors for the fiscal year ended March 31, 2008. The remaining options will vest in full on April 1, 2011.

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