AGLE BRIAN E 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 16, 2018
Insider Transaction Report
Form 4
AGLE BRIAN E
SVP Chief Financial Officer
Transactions
- Award
Performance Rights (Restricted Stock Units)
2018-03-14+75,471→ 75,471 totalExp: 2021-04-01→ Performance Rights (Restricted Stock Units) (75,471 underlying) - Award
Common Stock
2018-03-14+75,471→ 348,340 total
Footnotes (2)
- [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 14, 2018, 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]Represents an award of RSUs which vest on a performance-based schedule tied to the Issuer's stock price in 2019, 2020 or 2021 or the achievement of certain financial metrics in 2018. Each RSU represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for the withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.