AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 10, 2017
Insider Transaction Report
Form 4
HERNANDEZ LOUIS JR
Director
Transactions
- Tax Payment
Common Stock
2017-03-09$5.04/sh−3,921$19,762→ 774,351 total - Tax Payment
Common Stock
2017-03-09$5.04/sh−22,568$113,743→ 751,783 total - Award
Common Stock
2017-03-08+294,117→ 778,272 total
Holdings
- 319,000(indirect: By LLC)
Common Stock
Footnotes (4)
- [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.
- [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 March 9, 2017 of 8.33% of the restricted stock units awarded on March 9, 2015. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- [F4]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 9, 2017 of 33.34% of the restricted stock units awarded on March 9, 2016. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.