AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 10, 2017
Insider Transaction Report
Form 4
AGLE BRIAN E
SVP Chief Financial Officer
Transactions
- Award
Common Stock
2017-03-08+88,235→ 333,935 total
Footnotes (1)
- [F1]Represents an award of restricted stock units ("RSUs") that will vest on a time-based vesting schedule as follows: 33.33% on the first anniversary of the grant date of March 08, 2017, and the remaining 66.66% in equal 8.33% installments every 3 months thereafter, provided the reporting person continues to be employed by Avid Technology, Inc. (the "Issuer") on each such vesting date. Each RSU represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.