COGNOS INC 4
4 · AVID TECHNOLOGY, INC. · Filed May 20, 2010
Insider Transaction Report
Form 4
COGNOS, INC.
Vice President of Finance
Transactions
- Award
Performance Rights (Restricted Stock Units)
2010-05-18+16,000→ 16,000 totalExp: 2021-03-31→ Common Stock (16,000 underlying) - Award
Employee Stock Option (Right to Buy)
2010-05-18+32,000→ 32,000 totalExercise: $14.32From: 2011-05-18Exp: 2017-05-18→ Common Stock (32,000 underlying)
Footnotes (2)
- [F1]25% of the shares underlying the option vest on the date listed; the remaining 75% vest in 36 equal monthly installments thereafter.
- [F2]Each restricted stock unit represents a contingent right to receive one share of AVID common stock. The restricted stock units vest on a performance-based schedule tied to AVID's stock price or the achievement of certain financial metrics. This award includes a provision for the withholding of shares to pay the withholding taxes due on the vesting date.