AVID TECHNOLOGY INC 4
4 · AVID TECHNOLOGY INC · Filed Jul 9, 2008
Insider Transaction Report
Form 4
LYPACZEWSKIPAUL
Vice President & GM
Transactions
- Award
Common Stock
2008-07-07+20,000→ 20,000 total - Award
Employee Stock Option (Right to Buy)
2008-07-07+80,000→ 80,000 totalExercise: $17.23Exp: 2015-07-07→ Common Stock (80,000 underlying)
Footnotes (4)
- [F1]Represents restricted stock unit award that will vest in four equal annual installments.
- [F2]20,000 shares of stock will vest on a time-based schedule. 12.5% of the shares vest on the date that is six (6) months after the grant date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the grant date;
- [F3]30,000 shares will vest on a performance-based schedule tied to the Company's stock price;
- [F4]30,000 shares will vest on a performance-based schedule tied to the Company's stock price or the achievement of certain financial metrics.