4//SEC Filing
AVID TECHNOLOGY, INC. 4
Accession 0000896841-17-000026
CIK 0000896841operating
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 4:23 PM ET
Size
13.8 KB
Accession
0000896841-17-000026
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.
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000896841
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 4:23 PM ET
- Size
- 13.8 KB