4//SEC Filing
Duva Jason A 4
Accession 0000896841-20-000031
CIK 0000896841other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 4:23 PM ET
Size
26.8 KB
Accession
0000896841-20-000031
Insider Transaction Report
Form 4
Duva Jason A
VP & General Counsel
Transactions
- Tax Payment
Common Stock
2020-03-14$6.23/sh−3,014$18,777→ 282,668 total - Exercise/Conversion
Common Stock
2020-03-15$6.23/sh+5,358$33,380→ 288,026 total - Tax Payment
Common Stock
2020-03-15$6.23/sh−9,439$58,805→ 276,317 total - Tax Payment
Common Stock
2020-03-15$6.23/sh−14,214$88,553→ 294,206 total - Exercise/Conversion
Performance Rights (Restricted Stock Units)
2020-03-15−5,358→ 0 totalExercise: $6.23From: 2020-03-15Exp: 2021-04-01→ Common Stock (5,358 underlying) - Exercise/Conversion
Performance Rights (Restricted Stock Units)
2020-03-15−32,103→ 32,102 totalExercise: $6.23From: 2020-03-15Exp: 2022-03-15→ Common Stock (32,103 underlying) - Award
Performance Rights (Restricted Stock Units)
2020-03-15+64,205→ 64,205 totalExp: 2023-03-15→ Common Stock (64,205 underlying) - Exercise/Conversion
Common Stock
2020-03-15$6.23/sh+32,103$200,002→ 308,420 total - Tax Payment
Common Stock
2020-03-15$6.23/sh−2,270$14,142→ 285,756 total - Award
Common Stock
2020-03-15+64,205→ 358,411 total
Footnotes (8)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 14, 2020 of 8.33% of the restricted stock units awarded on March 14, 2018. 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 the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's stock price and certain other financial metrics in 2019. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
- [F3]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2020 of the performance-based restricted stock units awarded on March 14, 2018. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
- [F4]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2020 of 33.33% of the restricted stock units awarded on March 15, 2019. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
- [F5]Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2019 to March 15, 2020. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
- [F6]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2020 of the performance-based restricted stock units awarded on March 15, 2019. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
- [F7]Represents an award of restricted stock units that will vest on a time-based vesting schedule as follows: 33.33% on the first anniversary of the grant date of March 15, 2020, and the remaining 66.66% in equal 8.33% installments every 3 months thereafter, provided the reporting person continues to be employed by the Issuer on each such vesting date. Each restricted stock unit 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.
- [F8]Represents an award of restricted stock units which vest on a performance-based schedule based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index in 2021, 2022 and 2023. Each restricted stock unit 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.
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeother
Related Parties
1- filerCIK 0001534001
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 4:23 PM ET
- Size
- 26.8 KB