AVID TECHNOLOGY INC 4
4 · AVID TECHNOLOGY INC · Filed Dec 20, 2007
Insider Transaction Report
Form 4
Legon Joel
DirectorVP & Chief Financial Officer
Transactions
- Award
Employee Stock Option (right to buy)
2007-12-18+24,462→ 24,462 totalExercise: $36.51Exp: 2017-07-19→ Common Stock (24,462 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2007-12-18−24,462→ 0 totalExercise: $36.51Exp: 2017-07-19→ Common Stock (24,462 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2007-12-18−6,000→ 0 totalExercise: $47.02Exp: 2016-03-07→ Common Stock (6,000 underlying) - Award
Employee Stock Option (right to buy)
2007-12-18+6,000→ 6,000 totalExercise: $47.02Exp: 2016-03-07→ Common Stock (6,000 underlying)
Footnotes (2)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on March 7, 2006 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date.
- [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on July 19, 2007 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date.