Isgur - Form 4

FORM 4                                        U.S. SECURITIES AND EXCHANGE COMMISSION
                                                       Washington, D.C. 20549
[ ]Check this box if no longer subject to
   Section 16.  Form 4 or Form 5
   obligations may continue.  See
   Instruction 1(b)                         STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

                               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
(Print or Type Responses)

1. Name and Address of Reporting Person*    2. Issuer Name and Ticker or Trading Symbol       6.  Relationship of Reporting
                                                                                                  Person(s) to Issuer (Check all
   Isgur          Barbara            S.        Activision, Inc. (ATVI)                            Applicable)
__________________________________________  _____________________________________________     _X_ Director      ___ 10% Owner
  (Last)          (First)         (Middle)  3. IRS Identification   4. Statement for          ___ Officer (give ___ Other (specify
                                               Number of Reporting     Month/Day/Year             title below)      below)
  c/o Activision, Inc.                         Person, if an entity
  3100 Ocean Park Boulevard                    (voluntary)             September 19, 2002
__________________________________________                         _________________________________________________________________
  (Street)                                                          5. If Amendment, Date     7.  Individual or Joint/Group Filing
                                                                       of Original                   (Check Applicable Line)
  Santa Monica      CA             90405                               (Month/Day/Year)       _X_ Form filed by One Reporting Person
__________________________________________                                                    ___ Form filed by More than One
  (City)          (State)          (Zip)                                                          Reporting Person

                                            Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

                                         2A.                                              5. Amount of
                                         Deemed   3. Trans-    4. Securities Acquired (A)    Securities
                              2. Trans-  Exe-        action       or Disposed of (D)         Beneficially
                                 action  cution      Code         (Instr. 3, 4 and 5)        Owned        6. Ownership
                                 Date    Date,       (Instr.      -----------------------    Following       Form:     7. Nature of
                                 (Month/ if any       8)                    (A)              Reported        Direct       Indirect
1.  Title of Security            Day/    (Month/    ----------    Amount     or    Price     Trans-          (D) or       Beneficial
    (Instr.3)                    Year)   Day/Year)   Code   V               (D)              action(s)       Indirect(I)  Ownership
----------------------------- ---------  ---------  ------ ----   --------  ---  --------    ------------    -----------  ----------

Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.                  (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).                                   SEC 1474 (9-02)

                                          Persons who respond to the collection of information contained
                                          in this form are not required to respond unless the form displays
                                          a currently valid OMB Number

FORM 4 (continued)        Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                   (e.g., puts, calls, warrants, options, convertible securities)
                                                                                                                   6. Date
                                     2. Conver-               3A. Deemed                   5. Number of Deriv-        Date
                                        sion or    3. Trans-      Execution  4. Trans-        ative Securities        (Month/
                                        Exercise      action      Date, if      action        Acquired (A) or         Day/Year)
                                        Price of      Date        any           Code          Disposed of (D)      ---------------
                                        Deriv-        (Month/     (Month/      (Instr. 8)     (Instr. 3, 4, and 5) Date     Expir-
1. Title of Derivative Security         ative         Day/        Day/       -----  -----  ----------------------- Exer-    ation
   (Instr. 3)                           Security      Year)       Year)      Code     V         A          D       cisable  Date
--------------------------------     -----------   ---------- -------------  ------ -----  ----------- ----------- -------- ------

Director Stock Options                  $25.36       9/19/02       --          A             12,500               3/19/03(1) 9/18/12

                                                                          9. Number of
                                                                             Derivative   10. Ownership
                                                                             Securities       Form of
                                                                             Beneficially     Derivative
                        7. Title and Amount of Underlying                    Owned            Security
                           Securities (Instr. 3 and 4)                       Following        Direct       11. Nature of
                        ---------------------------------  8. Price of       Reported         (D) or           Indirect
                                                Amount or     Derivative     Trans-           Indirect         Beneficial
1. Title of Derivative          Title           Number of     Security       action(s)        (I)              Ownership
   Security (Instr. 3)                          Shares        (Instr. 5)     (Instr. 4)       (Instr. 4)       (Instr. 4)
----------------------  --------------------    ---------  -------------  -------------   --------------   --------------

Director Stock Options     Common Stock          12,500        $25.36        12,500              D

Explanation of Responses

(1) The options vest in four equal semi-annual installments beginning on March 19, 2003.

                                                                                                  *                        9/20/02
**Intentional misstatements or omissions of facts constitute                    --------------------------------------   ----------
  Federal Criminal Violations.  See 18 U.S.C. 1001 and                          **Signature of Reporting Person             Date
  15 U.S.C. 78ff(a).                                                              Barbara S. Isgur

Note:  File three copies of this Form, one of which must be manually signed.    *By:/s/George L. Rose
       If space provided is insufficient, see Instruction 6 for procedure.          ----------------------------------
                                                                                    (George L. Rose)***

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number

*** George L. Rose was granted a power of attorney to sign all Form 4s and Form 5s on behalf of Barbara S. Isgur so long as
    Ms. Isgur is a director of Activision, Inc.
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