Ruzicka Dana 4

Accession 0000896841-22-000038

CIK 0000896841other

View on SEC.gov Company Profile

Filed

Mar 15, 8:00 PM ET

Accepted

Mar 16, 9:30 PM ET

Size

38.4 KB

Accession

0000896841-22-000038

Insider Transaction Report

Form 4

Period: 2022-03-14

AVID TECHNOLOGY, INC.AVID

Ruzicka Dana

Chief Products Officer

Transactions

Exercise/Conversion
Common Stock
2022-03-15$29.60/sh+4,980$147,408→ 249,583 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−2,938$86,965→ 249,135 total
Award
Performance Rights (Restricted Stock Units)
2022-03-16+11,169→ 11,169 total
Exp: 2025-03-15→ Common Stock (11,169 underlying)
Sale
Common Stock
2022-03-14$27.67/sh−23,000$636,484→ 218,443 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−10,260$303,696→ 232,447 total
Award
Common Stock
2022-03-15+8,694→ 256,821 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2022-03-15−17,389→ 0 total
Exercise: $29.60From: 2022-03-15Exp: 2022-03-15→ Common Stock (17,389 underlying)
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2022-03-15−4,980→ 9,962 total
Exercise: $29.60From: 2022-03-15Exp: 2024-03-15→ Common Stock (4,980 underlying)
Tax Payment
Common Stock
2022-03-15$29.60/sh−1,820$53,872→ 216,623 total
Exercise/Conversion
Common Stock
2022-03-15$29.60/sh+17,389$514,714→ 234,012 total
Award
Common Stock
2022-03-15+8,695→ 242,707 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−1,709$50,586→ 230,738 total
Exercise/Conversion
Common Stock
2022-03-15$29.60/sh+17,389$514,714→ 248,127 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2022-03-15−17,389→ 17,389 total
Exercise: $29.60From: 2022-03-15Exp: 2023-03-15→ Common Stock (17,389 underlying)
Award
Common Stock
2022-03-15+2,490→ 252,073 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−10,260$303,696→ 246,561 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−1,958$57,957→ 244,603 total
Award
Common Stock
2022-03-16+11,169→ 260,304 total

Footnotes (16)

[F1]The price reported in Column 4 of Table 1 is a weighted average price. The shares were sold on March 14, 2022 in multiple transactions at prices ranging from $27.05 to $28.01, inclusive. The reporting person undertakes to provide to any security holder of Avid Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
[F10]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F11]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 33.33% of the restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F12]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, 2021 to March 15, 2022. 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.
[F13]Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2022. 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.
[F14]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F15]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 16, 2022, 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.
[F16]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 2023, 2024 and 2025. 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.
[F2]The amount reported reconciles an inadvertent clerical error in the amount of securities beneficially owned as previously reported. Corrected totals do not represent any grants or awards not previously disclosed.
[F3]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 8.33% 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.
[F4]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, 2022. 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.
[F5]Represents the number of additional shares issued as a result of the vesting at 150% 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, 2022. 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, 2022 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 shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 8.33% of the restricted stock units awarded on March 15, 2020. 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 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, 2020 to March 15, 2022. 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.
[F9]Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2022. 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.

Documents

1 file

4
wf-form4_164748060282301.xmlPrimary
FORM 4

Issuer

AVID TECHNOLOGY, INC.

CIK 0000896841

→

Entity typeother

Related Parties

filerCIK 0001651536

Filing Metadata

Form type: 4
Filed: Mar 15, 8:00 PM ET
Accepted: Mar 16, 9:30 PM ET
Size: 38.4 KB

View on SEC.gov