4//SEC Filing
SEXTON KEN 4
Accession 0001256979-11-000002
CIK 0000896841other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 3:01 PM ET
Size
8.0 KB
Accession
0001256979-11-000002
Insider Transaction Report
Form 4
SEXTON KEN
EVP, CFO & CAO
Transactions
- Award
Common Stock
2011-02-16+37,500→ 96,252 total - Award
Performance Rights (Restricted Stock Units)
2011-02-16+37,500→ 37,500 totalExp: 2022-03-31→ Common Stock (37,500 underlying)
Footnotes (2)
- [F1]Represents restricted stock unit award that will vest on a time-based schedule as follows: 25% of the shares vest on the first anniversary of the grant date and the remaining 75% vest in equal 6.25% installments every three months thereafter ending on the fourth anniversary of the grant date as long as Mr. Sexton is still employed by the Company on each such vesting date. Each restricted stock unit represents a contingent right to receive one share of AVID common stock. This award includes a provision for the withholding of shares to pay the withholding taxes due on each vesting date.
- [F2]Represents restricted stock unit award that will vest on a performance-based schedule tied to AVID's stock price or the achievement of certain financial metrics. Each restricted stock unit represents a contingent right to receive one share of AVID common stock. This award includes a provision for the withholding of shares to pay the withholding taxes due on each vesting date.
Documents
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeother
Related Parties
1- filerCIK 0001256979
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 3:01 PM ET
- Size
- 8.0 KB