AVID TECHNOLOGY INC 4/A
4/A · AVID TECHNOLOGY INC · Filed Mar 10, 2008
Insider Transaction Report
Form 4/AAmended
Rastogi Sharad
VP of Corporate Development
Transactions
- Tax Payment
Common Stock
2008-02-25$23.35/sh−589$13,753→ 10,988 total
Footnotes (2)
- [F1]This transaction was previously reported on a Form 4 filed on February 27, 2008. The Amount of Securities Beneficially Owned Following Reported Transaction was incorrectly reported as 10,887. A subsequent Form 4 filed on March 3, 2008 similarly underreported the Amount of Securities Beneficially Owned Following Reported Transaction by 101 shares.
- [F2]Represents shares withheld to satisfy tax withholding obligations upon the vesting on February 25, 2008 of 25% of the restricted stock units awarded to the reporting person on February 23, 2007. The Restricted Stock Unit Agreement pursuant to which the restricted stock units were awarded provides for the automatic withholding of shares to satisfy the withholding tax liability on each vesting date.