AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Feb 14, 2017
Insider Transaction Report
Form 4
HERNANDEZ LOUIS JR
Director
Transactions
- Tax Payment
Common Stock
2017-02-11$5.55/sh−2,319$12,870→ 486,591 total - Tax Payment
Common Stock
2017-02-12$5.55/sh−2,436$13,520→ 484,155 total
Holdings
- 319,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on February 11, 2017 of 6.25% of the restricted stock units awarded on February 11, 2013. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- [F2]Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
- [F3]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on February 12, 2017 of 8.33% of the restricted stock units awarded on November 13, 2014. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.