SCHENKKAN GERARD 4
4 · AVID TECHNOLOGY INC · Filed Mar 4, 2009
Insider Transaction Report
Form 4
SCHENKKAN GERARD
VP & General Manager, Audio
Transactions
- Tax Payment
Common Stock
2009-03-03$9.51/sh−239$2,273→ 11,991 total
Footnotes (1)
- [F1]Represents shares withheld to satisfy tax withholding obligations upon the vesting on March 3, 2009 of 25% of the restricted stock units awarded to the reporting person on March 3, 2008. The Restricted Stock Unit Agreement pursuant to which the restricted stock units were awarded provides for the automatic withholding of shares to satisfy the withholding tax liability on each vesting date.