SEXTON KEN 4
4 · AVID TECHNOLOGY, INC. · Filed Feb 28, 2012
Insider Transaction Report
Form 4
SEXTON KEN
EVP, CFO & CAO
Transactions
- Award
Common Stock
2012-02-24+20,000→ 114,421 total - Award
Employee Stock Option (Right to Buy)
2012-02-24+120,000→ 120,000 totalExercise: $11.71Exp: 2019-02-24→ Common Stock (120,000 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% of the shares vest in equal 6.25% installments every three months thereafter ending on the fourth anniversary of the grant date provided the Reporting Person 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 by the Issuer to pay the withholding taxes due on each vesting date.
- [F2]These shares will vest on a time-based schedule as follows: 25% of the shares will vest on the first anniversary of the grant date and the remaining 75% of the shares will vest in equal 6.25% installments every three months thereafter ending on the fourth anniversary of the grant date provided the Reporting Person is still employed by the Company on each such vesting date.