AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 11, 2016
Insider Transaction Report
Form 4
Lowenstein Richard M
SVP, Avid Global Services
Transactions
- Award
Common Stock
2016-03-09+29,787→ 72,010 total - Award
Performance Rights (Restricted Stock Units)
2016-03-09+29,787→ 29,787 totalExp: 2020-01-01→ Common Stock (29,787 underlying)
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 9, 2016, 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 for the withholding of shares by the Issuer to pay the withholding taxes due on each such vesting date.
- [F2]Represents an award of RSUs that will vest on a performance-based schedule tied to the Issuer's stock price in 2016, 2017 or 2018 or the achievement of certain financial metrics in 2016. 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 withholding taxes due on each such vesting date.