AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Nov 14, 2016
Insider Transaction Report
Form 4
HERNANDEZ LOUIS JR
Director
Transactions
- Tax Payment
Common Stock
2016-11-12$4.47/sh−3,593$16,061→ 493,290 total - Tax Payment
Common Stock
2016-11-11$4.47/sh−2,898$12,954→ 496,883 total
Holdings
- 319,000(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on November 11, 2016 of 6.25% of the restricted stock units awarded on February 11, 2013. 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]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on November 12, 2016 of 8.33% of the restricted stock units awarded on November 13, 2014. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- [F4]The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.