AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Sep 12, 2016
Insider Transaction Report
Form 4
HERNANDEZ LOUIS JR
Director
Transactions
- Tax Payment
Common Stock
2016-09-09$7.76/sh−5,721$44,395→ 499,781 total
Holdings
- 319,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on September 9, 2016 of 8.33% of the restricted stock units awarded on March 9, 2015. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- [F2]Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
- [F3]The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.